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New York Mercantile Exchange › (NYMEX:UX.J13.E)

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Today's Financial News

Baker seeks criminal background checks, stricter insurance regs for ride-hailing services

16 hours ago

BOSTON (AP) — Drivers for ride-hailing services such as Uber or Lyft would be required to undergo state criminal background checks, and the companies would be required to carry at least $1 million in liability insurance for each ride, under legislation filed Friday by Gov. Charlie Baker. The ride-hailing firms — referred to as transportation network companies in Baker's bill — have angered traditional taxi companies and drivers. They say the companies operate illegally at the expense of their highly regulated industry. Ride-hailing services let people use smartphone apps to book and pay for a private car service.

The big themes that energy leaders wrestled with at conference amid market upheaval

16 hours ago

HOUSTON (AP) — In the year since the energy industry last gathered for its big annual confab in Houston, prices for oil and natural gas took a dive that few, if anyone, saw coming. Here are five major themes from this year's conference. YOUR ENERGY PRICES Speaker after speaker here said that prices for oil, gasoline and diesel will remain far below where they had been for much of this decade.

White House says not to expect trade breakthrough with Japan during Abe visit next week

16 hours ago

WASHINGTON (AP) — Japanese Prime Minister Shinzo Abe's visit to Washington next week comes amid heightened attention in Congress to an Asia-Pacific trade deal that has created a deep rift between President Barack Obama and members of his Democratic Party and whose central feature is liberalized commerce between the U.S. and Japan.

Marvell Technology says PC and storage weakness hurt its 1st-quarter revenue, and shares slide

16 hours ago

NEW YORK (AP) — Chipmaker Marvell Technology slashed its revenue forecasts Friday, saying weak results from the PC and storage markets and reduced demand from emerging markets are hurting its business. FactSet says analysts expected $814.7 million on average. The company reported $957.8 million in revenue in the first quarter of its last fiscal year.

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