Oil from BP's out-of-control Gulf of Mexico oil spill could threaten the Mississippi and Alabama coasts this week, U.S. forecasters said on Monday, as public anger surged over the country's worst environmental disaster.
U.S. mortgage finance enterprises Fannie Mae and Freddie Mac , seized by the government during the financial crisis, will continue to sustain losses on mortgages as house prices drop, their regulator said in testimony made public on Tuesday.
British Petroleum (BP) on Monday said the cost of cleaning up the mammoth Gulf of Mexico oil spill had hit around $760 million so far. In a statement issued here, the oil giant said it was too early to put a figure on the ultimate bill as lawsuits continue to flood in and as cash was pumped in to efforts to halt the leak and minimize the environmental toll.
It's not easy to balance on a two-legged stool, but the heads of some big U.S. industrial companies might need to try that stunt again.
General Electric Co expects to tell shareholders by the end of this year it is ready to raise its dividend as well as resume share buybacks, and return to profit growth in 2010, its CEO said.
In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a frozen oil blob from the oil geyser at the destroyed Deep Horizon off-shore oil rig south of Louisiana. The Navy submarines have trained video cameras on the moving blob, which remains frozen at depths of ...
General Electric Co expects to post a higher profit this year, resume share buybacks and say by the end of the year whether it will raise its dividend, its CEO said on Wednesday.
Fears that the huge Gulf of Mexico oil spill was spreading through ocean currents flared on Tuesday after tarballs were found on Florida's Key West, while energy giant BP Plc worked to capture more of the leaking crude.
A discovery of tar balls on Florida's Key West fanned fears on Tuesday that a massive Gulf of Mexico oil spill was spreading through ocean currents, as energy giant BP Plc worked to capture more of the crude leaking from its gushing deep-water well.
Energy giant BP said on Tuesday it was now able to siphon off about 40 percent of the oil gushing from a ruptured well in the Gulf of Mexico but has not been able to stop the leak, as President Barack Obama is to create a commission to probe the spill.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.2 to 0.3 percent at 4:54 a.m. ET, pointing to a weaker start on Wall Street on Friday.
Foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures, RealtyTrac said on Thursday.
(Reuters) - The Obama administration has urged a court to reject an attempt to block a controversial new law overhauling the U.S. healthcare system, saying it was constitutional and any challenge was premature.
Being an only child had its perks. I'd sprawl out across the backseat and go wherever the road brought us. We'd drive from Rhinebeck, New York down the east coast to the Jersey Shore, North Carolina or Florida for family vacations.
BP Plc said on Monday it had incurred $350 million in costs so far from the huge oil spill in the Gulf of Mexico as fears mounted of a prolonged and growing environmental and economic disaster.
We have been informed by sources in the US Army Corps of Engineers, Federal Emergency Management Agency (FEMA), and Florida Department of Environmental Protection that the Obama White House and British Petroleum (BP), which pumped $71,000 into Barack Obama's 2008 presidential campaign -- more than John McCain or Hillary Clinton, are covering up the magnitude of the volcanic-level oil disaster in the Gulf of Mexico and working together to limit BP's liability for damage caused by what can be call...
LOS ANGELES - Google has taken the rare step of asking a California judge to declare that by linking to copyright-infringing works on Rapidshare, the search giant is not facilitating the illegal distribution of copyrighted songs.
After a whirlwind road trip through five Utah national parks in three days, my husband declared that he would never again let me plan a vacation based solely on visiting national parks.
The oil spill in the Gulf of Mexico from a collapsed offshore drilling rig could affect White House plans to extend offshore drilling, press secretary Robert Gibbs acknowledged as the oil slick threatened onshore sites from the Louisiana wetlands to the Sarasota beaches and disrupted fishing and energy industries.
A flotilla of nearly 200 boats tackled a massive oil slick in the Gulf of Mexico on Tuesday, taking advantage of calmer weather to intensify the fight to reduce the spill and limit its impact on the U.S. shoreline.
Futures trader John Henry, who parlayed a knack for blackjack into an investing system to make billions of dollars, says he is sticking with his trend-following strategy even though it has not worked well lately.
The massive oil spill in the Gulf of Mexico, leaking from a ruptured well moved closer to the mouth of the Mississippi River. Analysts said the oil spill that threatened to eclipse even the Exxon Valdez disaster spread out of control with a faint sheen washing ashore along the Gulf Coast.
