World stocks eased on Friday on a worsening outlook for the U.S. economy that also pushed the dollar to 7-month low against the yen and near a 2-month trough versus the euro.
IBT Staff Reporter
Jul 16, 2010
Stocks ended little changed on Thursday, recouping losses late in the day, led by a sudden turnaround in Goldman Sachs and BP.
IBT Staff Reporter
Jul 15, 2010
Investor worries that the year-old economic recovery is getting shaky have driven down U.S. manufacturer shares over the past two months.
IBT Staff Reporter
Jul 13, 2010
Shares in oil major BP rose 2.7 percent on Tuesday, taking their bounce this month to 28 percent, on signs the Gulf of Mexico oil spill could be contained and on hopes of asset disposals.
IBT Staff Reporter
Jul 13, 2010
Banks in Florida are requesting that U.S. federal regulators exempt them from mandatory higher capital requirements because they are struggling to cope with the BP oil spill, the Wall Street Journal said.
IBT Staff Reporter
Jul 13, 2010
The Obama administration issued a new moratorium on deepwater oil drilling on Monday, a move the industry said was unnecessary and would place tens of thousands of jobs at risk.
IBT Staff Reporter
Jul 12, 2010
The U.S. Interior Department on Monday formally issued its new offshore oil drilling moratorium, saying it would end by November 30 or sooner and it would no longer be based on water depths.
IBT Staff Reporter
Jul 12, 2010
The U.S. Interior Department on Monday formally issued its new drilling moratorium, saying it would end by November 30 or sooner and it would no longer be based on water depths.
IBT Staff Reporter
Jul 12, 2010
Surprises may be in store this earnings season for U.S. companies tied to BP Plc's oil spill, according to an analysis that emphasizes equity analysts' past accuracy.
IBT Staff Reporter
Jul 12, 2010
Under-pressure BP Plc is in talks with U.S. oil and gas company Apache Corp and other companies over potential asset sales, a source familiar with the situation said on Sunday, as it weighs how to pay costs related to the Gulf of Mexico oil spill.
IBT Staff Reporter
Jul 12, 2010
The U.S. National Oceanic and Atmospheric Administration (NOAA) and Food and Drug Administration (FDA) have chemically tested seafood from the oil spill-marred Gulf of Mexico and found them to be free from contaminants.
IBT Staff Reporter
Jul 11, 2010
The Obama administration is preparing to unveil a revised deepwater oil drilling moratorium after a federal court refused on Thursday to reinstate an earlier ban imposed after BP Plc's massive oil spill.
IBT Staff Reporter
Jul 08, 2010
The Obama administration is preparing to unveil a revised deepwater oil drilling moratorium after a federal court refused on Thursday to reinstate an earlier ban imposed after BP Plc's massive oil spill.
IBT Staff Reporter
Jul 08, 2010
A U.S. appeals court dealt the Obama administration a setback on Thursday when it refused to halt deepwater oil drilling, but analysts said they did not expect companies to begin operations soon.
IBT Staff Reporter
Jul 08, 2010
A U.S. appeals court on Thursday rejected the Obama administration's request to put on hold a ruling that lifted a temporary moratorium on deepwater drilling in the wake of the BP Plc oil spill in the Gulf of Mexico.
IBT Staff Reporter
Jul 08, 2010
A U.S. appeals court said on Thursday it would rule by early next week on whether to stay a lower court decision to lift a six-month ban on deepwater oil drilling imposed by the Obama administration.
IBT Staff Reporter
Jul 08, 2010
Researchers have discovered two previously unknown species of bottom-dwelling fish in the Gulf of Mexico, living right in the area affected by the BP oil spill.
IBT Staff Reporter
Jul 08, 2010
The Obama administration said on Thursday it will immediately issue a revised ban on deepwater drilling if an appeals court does not allow it to reinstate the six-month moratorium it imposed in the wake of the BP oil spill.
IBT Staff Reporter
Jul 08, 2010
The Obama administration headed to court on Thursday to fight for the moratorium on deepwater drilling it imposed in response to the BP oil spill, while the British oil giant sought to dampen talk it could stop its gushing well this month.
IBT Staff Reporter
Jul 08, 2010
Stocks rose on Thursday after several top U.S. retail chains reported better-than-expected sales in June and new claims for jobless benefits fell more than forecast.
IBT Staff Reporter
Jul 08, 2010
BP dampened hopes that it could plug its leaking Gulf of Mexico well sooner than forecast on Thursday, while a battle between the U.S. government and the oil industry over a deepwater drilling ban heads to court.
IBT Staff Reporter
Jul 08, 2010
BP is aiming to plug its leaking Gulf of Mexico well by July 27, weeks sooner than forecast, according to a newspaper report on Thursday, while a battle between the U.S. government and the oil industry over a deepwater drilling ban heads to court.
IBT Staff Reporter
Jul 08, 2010