MEXICO

The explosion on BP's Deepwater Horizon drilling platform in Macondo early this year was no less than a cut on the oil industry's artery, out of which gushed millions of barrels of oil into the Gulf of Mexico - a tragedy that devastated the Gulf Coast ecosystem, paralyzed an oil behemoth and thwarted the Big Oil's prospects by attracting a moratorium on deepwater drilling and a crippling regulatory environment.

While peripheral European countries are forced by the bond market to raise taxes and cut spending in 2010, they were some of the steepest tax cutter among OECD members from 2007 to 2009.

Chevron Corp said it would spend $4 billion to develop its Big Foot project in the Gulf of Mexico, even as tougher rules and higher costs loom for deepwater operators.

The U.S. sued BP and eight other defendants on Wednesday over the Deepwater Horizon oil spill in the Gulf of Mex ico, seeking civil penalties under the Clean Water Act.

A U.S. Border Patrol agent is dead, shot in a gun battle Tuesday night at the U.S.-Mexico border near Rio Rico, Arizona.

Increasing domestic oil production could reduce unemployment, create jobs, and help jump-start the U.S. economic recovery, said Marc Weidenmier of the American Enterprise Institute.

The Obama administration has an ambitious goal of doubling U.S. exports over the next five years and creating two million U.S. jobs in the process.

As Congress considers a broad tax deal proposed by President Barack Obama and Republicans, high tech and manufacturing businesses are particularly favorable to a provision that would extend research and development tax credits.

The ministry’s decision came within few days from the recently concluded United Nations Climate Change Conference in Cancun, Mexico in which, role of tourism in climate change agenda was equally positioned.

American Apparel Inc is setting the online bar higher as it launches a deal this week with discount coupon provider Groupon in the UK, other European Union states and parts of Latin America.

General Motors Co said on Monday it wants to cut as many as several thousand U.S. skilled trades workers through retirement incentives, its first attempt to reduce factory jobs since its 2009 bankruptcy.

General Motors Co said on Monday that it was looking to reduce its payroll by several thousand skilled trade workers at 14 U.S. plants in the first quarter of 2011.

Industrial motors company A. O. Smith Corp. has agreed to sell its electric motor segment to Regal Beloit Corp. for $875 million in cash and stock, to focus on its water-products operations.

Delegates at the UN climate change conference in Cancun have agreed on a deal to curb climate change and fund developing countries on Saturday. Bolivia however, raised objections to the proposals drawn up the host Mexico. The draft comes as respite as the last summit in Copenhagen failed to agree on the best way to cut emissions.

A rise in U.S. consumer confidence to its highest in six months and a much bigger-than-expected contraction in the country's trade deficit pointed to a firmer economic recovery on Friday.

A rise in U.S. consumer confidence to its highest in six months and a much bigger-than-expected contraction in the country's trade deficit pointed to a firmer economic recovery on Friday.

A rise in U.S. consumer confidence to its highest level in six months and a much bigger-than-expected contraction in the country's trade deficit pointed to a firmer economic recovery on Friday.

Rodman & Renshaw initiated exploration company Energy Partners Ltd. (NYSE:EPL) with a Market Outperform rating and a target price of $18, saying its turnaround story is worth another look.

U.S. economic data painted a picture of a firming recovery on Friday as consumer confidence rose to its highest level in six months and the country's trade deficit narrowed much more than expected.

(Corrects 8th paragraph to say 9.8 percent unemployment rate was for November, not October)

Twitter is ending the year with the number of accounts touching the 100 million mark. To celebrate, the site has created an infographic on Twitter's 'Class of 2010', which includes Bill Gates, Kanye West, Tiger Woods and many more.