Whats In The News November 17 2011 Video
This is what's in the news for Thursday, November 17th. The Wall Street Journal reported that Enbridge (NYSE:ENB) bought a 50% stake in the Seaway Pipeline and announced it would reverse the direction of the flow, allowing more crude to move south to Texas from Oklahoma, it upended U.S. energy markets, sending the price of crude above $100 a barrel. The Wall Street Journal reports that U.S. District Court Judge Lynn N. Hughes of the Southern District of Texas declared that the law authorizing the government to obtain cellphone records without a search warrant was unconstitutional. Bloomberg reports that Baker Hughes (NYSE:BHI) is looking at deals as it seeks bigger profits from U.S. shale-oil exploration, and may be eyeing Key Energy Services (NYSE:KEG) and Lufkin Industries (NASDAQ:LUFK). Finally, Reuters reports that BHP Billiton (NYSE:BHP) is more concerned about the outlook for commodity markets as some players face tighter access to credit.
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