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Oil equities, Target lift US stocks

US stocks jumped early Wednesday as oil sector equities rose with crude prices and after retailer Target boosted its dividend. ConocoPhillips rose 1.0 percent and Dow member Chevron tacked on 1.5 percent as oil prices surged for a second day. Big-box retailer Target advanced 0.8 percent as it lifted its quarterly dividend by 7.7 percent and doubled authorized share repurchases.

Santa Barbara rejects Exxon request to truck oil after pipeline spill

(Reuters) – Santa Barbara County rejected Exxon Mobil Corp’s emergency permit application to temporarily haul crude using tanker trucks following a recent pipeline rupture, officials in the Southern California county said on Tuesday. Planning and Development assistant director Dianne Black denied Exxon’s request, saying the case did not warrant an emergency approval. Exxon can apply for approval again through the customary permit process, a statement from the County office said.

Canada's top pension plan signals big ambitions with GE deal

By Euan Rocha TORONTO (Reuters) – The Canada Pension Plan Investment Board (CPPIB), already a major global investor, has signaled even greater ambitions with a $12 billion transaction with GE Capital that insiders and advisors said may herald larger deals. The C$264 billion ($213 billion) pension fund manager’s decision not to seek a partner for the purchase of GE’s private equity lending portfolio also highlights its growing confidence and suggests