Energy Headlines

UPDATE 1-Hovensa refinery deal rejected over contract breach doubts

(Adds confirmation that Hovensa will stop selling fuel on the island in paragraphs 3-4)

Stocks, M&A, Markets, Financials 9:12pm EST

Delaware court says C&J tie up with Nabors unit can proceed

HOUSTON, Dec 19 - A merger between oilfield services provider C&J Energy Services Inc with a unit of Nabors Industries Ltd. can proceed, Delaware's supreme court ruled on Friday.

Stocks, M&A, Markets 6:07pm EST

Hovensa refinery deal rejected over contract breach doubts

HOUSTON, Dec 19 - The U.S. Virgin Islands' legislature turned down an agreement on Friday that would lead to the reopening of the 350,000 barrel-per-day Hovensa refinery, after its counsel warned that the would-be buyer might not be able to uphold the contract.

M&A, Markets, Stocks, Financials 5:40pm EST

Deals of the day- Mergers and acquisitions

(Adds Citigroup, Family Investments, Family Dollar, IMS Health, Roche, Saint-Gobain, Sartorius)

UPDATE 2-Alstom to absorb U.S. bribery fine despite GE sale

* Alstom shares close down 3.9 percent (Adds closing price, CEO comments about overcapacity, share award)

Oil price bloodbath to spark energy sector buying spree

LONDON, Dec 19 - Large oil companies flush with cash are expected to seize on the recent collapse in oil prices to begin a shopping spree for smaller rivals, focusing on oil producers and explorers in Africa, Asia and the United States.

Alstom shareholders back 12.35 bln eur sale of power arm to GE

PARIS, Dec 19 - Alstom shareholders on Friday backed with 99.2 percent of votes the French engineering group's plan to sell most of its power equipment business to General Electric and refocus on its smaller rail arm.

Alstom CEO sees accord with U.S. Department of Justice soon

PARIS, Dec 19 - Alstom Chief Executive Patrick Kron told investors on Friday that the company hoped to reach an agreement with the U.S. Department of Justice regarding an ongoing bribery case soon.

Thu, Dec 18 2014

PRESS DIGEST- Financial Times - Dec 19

Dec 19 - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.