Oklahoma News
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Updated 18 minutes ago
Valeant Pharmaceuticals International Inc., Canada’s largest drugmaker, is close to acquiring Bausch & Lomb Holdings Inc., the eye-care company owned by Warburg Pincus LLC, for about $9 billion, according to a person familiar with the negotiations.
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Updated 2 hours, 53 minutes ago
West Texas Intermediate crude fell, capping its biggest weekly drop in more than a month, after rising U.S. durable goods orders bolstered concern that the Federal Reserve will scale back stimulus efforts.
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U.S. Gulf Coast diesel fuel strengthened to the highest level in a week versus futures as regional supplies fell and Exxon Mobil Corp. repaired a leak at its Baton Rouge refinery.
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U.S. Gulf Coast crude oils weakened on the spot market on the last day of the rollover period, characterized by below-normal volume and erratic pricing.
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Updated 1 hour, 55 minutes ago
Tornadoes that struck the U.S. from May 18 to May 20, including one that devastated a suburb of Oklahoma City, probably cost insurers between $2 billion and $5 billion, according to catastrophe risk modeler Eqecat.
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Updated 2 hours, 36 minutes ago
West Texas Intermediate headed for its biggest weekly drop in more than a month amid signs of rising U.S. oil inventories and a global economic slowdown.
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Goldman Sachs Group Inc. recommended selling West Texas Intermediate crude and buying North Sea Brent contracts for December 2014 as supplies accumulate on the U.S. Gulf Coast.
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Updated 1 hour, 3 minutes ago
President Barack Obama renewed his oath of office in January vowing to use the bully pulpit to rally the American people around his second-term agenda.
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LeBron James of the Miami Heat was selected unanimously for the 2012-13 All-NBA First Team, joining Kobe Bryant of the Los Angeles Lakers, who made the squad for the 11th time.
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U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis.
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