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EPA Administrator Gina McCarthy. (Associated Press)

EPA delays rule to cut carbon from new coal power plants

- Associated Press

The Obama administration on Wednesday said it would delay for months a final rule to control carbon dioxide emissions at new coal-fired power plants, thwarting for now one way the Republican-controlled Congress could have blocked the administration's plans on global warming.

FILE - This is a Friday, Oct. 17, 2014 file photo of Russian President Vladimir Putin and French President Francois Hollande, right, during a meeting on the sidelines of the  ASEM summit of European and Asian leaders in Milan, northern Italy. EU sanctions against Russia over the crisis in Ukraine are cutting both ways and pinching some big European companies. But economic relief isn't likely any time soon, diplomats and analysts say: EU rules make the sanctions tough to overturn.  France, Germany, Russia and Ukraine are trying to set up talks in Astana, Kazakhstan, toward easing the tensions behind sanctions that have hit Russia's economy, sent the ruble sinking and affected corporate Europe _ including banks, oil companies, machinery makers and food giants.    (AP Photo/Daniel Dal Zennaro, Pool, File)

Despite pressure, EU's sanctions against Russia could last

- Associated Press

EU sanctions against Russia over the crisis in Ukraine are cutting both ways: hurting Russia as well as pinching some big European companies. But economic relief isn't likely any time soon, diplomats and analysts say, since EU divisions make the sanctions tough to overturn.

Unleaded gasoline is advertised below two dollars per gallon at the Alton Shop n Save gas station on the Homer Adams Parkway in Alton, Ill. on Monday, Dec. 29, 2014. Crude oil futures prices ended lower Monday on the New York Mercantile Exchange. The near-month contract for the benchmark grade fell $1.12 -- closing at $53.61 a barrel. (AP Photo/The Telegraph, John Badman)

US oil falls below $50 for 1st time since 2009

- Associated Press

The price of oil plunged again Monday and fell below $50 a barrel for the first time since April 2009 as evidence mounted that the world will be oversupplied with oil this year.

Customers enter Petco with their pets, Friday, July 14, 2006, in Beachwood, Ohio. Petco Animal Supplies Inc., the second biggest U.S. pet supplies retail chain, said Friday that it has agreed to be acquired for about $1.68 billion by a private investment group. (AP Photo/Tony Dejak)

Petco pulls Chinese treats amid fears they sickened pets

Associated Press

Petco said Monday it has removed all remaining Chinese-made dog and cat treats from its website and stores nationwide because of concerns they have sickened thousands of pets and killed 1,000 dogs in the U.S. since 2007.

FILE - In this July 25, 2014, file photo, an oil train moves through the area south of St Paul, Minn. A collapse in oil prices won't derail the railroads’ profit engine even if it does slow the tremendous growth in crude oil shipments seen in recent years. Railroads went from hauling 9,500 carloads of crude oil in 2008 to 435,560 last year, as production boomed and oil routinely sold for $90 a barrel or more. But even with the surge, crude oil shipments remain less than 2 percent of all the carloads major U.S. railroads deliver.  (AP Photo/The Star Tribune, Tom Wallace, File)

Low oil prices unlikely to hurt railroads much

Associated Press

The stunning collapse in oil prices over the past several months won't derail the railroads' profit engine even if it does slow the tremendous growth in crude shipments seen in recent years.

 FILE - This Tuesday, Dec. 9, 2014, file photo shows an Indian woman from Ecuador posing for a photo at the Climate Change Conference in Lima, Peru. Low oil prices could paradoxically help the world reach an international agreement to fight global warming, Laurence Tubiana, France’s special representative for the 2015 climate conference in Paris said, laying out plans for a binding accord to stem greenhouse gas emissions. Her government will spend 11 months trying to cajole more than 190 countries into overcoming disagreements about acceptable greenhouse gas emissions and who should pay for them, and locking themselves into an accord. (AP Photo/Juan Karita, File)

French climate envoy sees hope in low oil prices

- Associated Press

Low oil prices could paradoxically help the world reach an international agreement to fight global warming, according to the French ambassador charged with organizing a key climate conference in Paris.

Venezuela's President Nicolas Maduro speaks during a press conference at Miraflores Presidential Palace in Caracas, Venezuela, Tuesday, Dec. 30, 2014. Venezuela’s socialist government Tuesday confirmed the economy fell into a deep recession this year but blamed the slump on opponents trying to sabotage activity in the oil-rich nation. (AP Photo/Ariana Cubillos)

Venezuela's president blames opposition for deep recession

- Associated Press

Venezuela's government on Tuesday confirmed that the economy is struggling to emerge from a deep recession but President Nicolas Maduro said the crisis engulfing the oil-rich nation could have been a lot worse.

In this Feb. 21, 2012 file photo, an oil drilling rig drill into the Gypsum Hills near Medicine Lodge, Kan. Plunging crude prices are hitting oil producers especially hard in places like Kansas, where the industry is dominated by smaller, independent operators who depend more heavily on the cash flow from producing wells to pay for drilling new ones. (AP Photo/Orlin Wagner, File)

US rig count plummets 35 to 1,840

Associated Press

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 35 last week to 1,840.

The headquarters of Goldman Sachs in New York City is a looming presence. The investment bank announced Tuesday that it earned $1.05 billion for common shareholders in the second quarter, more than double its profits compared with the same period a year ago. But the amount was well below what analysts were expecting. (Associated Press)

Report raises fresh questions of Goldman Sachs oversight

- The Washington Times

A committee that included top U.S. banking regulators overturned the finding from a senior bank examiner that investment banking giant Goldman Sachs lacked adequate internal controls to prevent potential conflicts of interest, a watchdog group reported Monday.

Saudi oil minister Ali al-Naimi is surrounded by journalists during the Organization of Arab Petroleum Exporting Countries (OAPEC) meeting Saturday in Cairo, Egypt. OPEC oil ministers downplayed expectations of, but didn't dismiss outright, an immediate output cut as they faced a third test in as many months of their ability to engineer a rebound in oil prices. (Associated Press)

Saudi says oil decisions not linked to politics

Associated Press

Saudi Arabia's oil chief said in comments published Thursday that there are no links between the kingdom's decision to oppose production cuts and political objectives — an apparent response to accusations last week from Shiite powerhouse Iran.

Traders work on the floor at the New York Stock Exchange in New York, Thursday, Dec. 18, 2014.  The market is opening sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates. (AP Photo/Seth Wenig)

US stocks surge; Oracle leads technology stocks higher

Associated Press

The Dow Jones industrial average had its biggest surge in three years Thursday, rising sharply for a second day. The Federal Reserve set off the rally a day earlier by indicating that it was in no hurry to raise interest rates.