The first named storm of the Atlantic hurricane season was on track on Saturday to reach the Gulf of Mexico within days, a potential threat to containment and cleanup of the worst ever U.S. oil spill.
The first named storm of the Atlantic hurricane season was on track on Saturday to reach the Gulf of Mexico within days, a potential threat to containment and cleanup of the worst ever U.S. oil spill.
The first named storm of the Atlantic hurricane season threatened on Saturday to veer toward the Gulf of Mexico within days, posing a new threat to containment and cleanup of the worst U.S. oil spill in history.
With a storm threatening to disrupt oil-siphoning efforts at BP Plc's blown-out Gulf of Mexico well, the U.S. Coast Guard on Friday said collection efforts would be suspended five days before the forecast onset of gale-force winds.
Oil rose on Friday due to concerns that a storm in the Caribbean may move toward the Gulf of Mexico, where oil facilities are clustered and BP continues to fight an oil spill.
Oil slipped on Friday, heading for a weekly drop of 1.3 percent, as falling equity markets tempered an early boost from indications that the first storm of the Atlantic hurricane season might be developing.
Asian stocks slid on Friday for a fourth straight session, driven by expectations of tighter financial regulation and uncertainty about the global economic recovery ahead of the weekend G20 meeting. Concerns about the Greek debt crisis had also sent Wall Street lower on Thursday.
The European Central Bank faces a grilling over the euro zone's debt crisis on Thursday after a torrid month in which it has abandoned resistance to buying government debt and flung its exit strategy into reverse.
Good morning dear traders, .... there is not much to report of yesterday´s trading day as there have been only little trading chances due to very low volatility in the markets.
Johnson & Johnson
Toyota Motor Corp forecast a slower-than-expected recovery in earnings this year as a stronger yen and Europe's debt problems hamper efforts to undo the damage from the worst recall crisis in its history.
Toyota Motor Corp forecast a slower-than-expected recovery in profits this year as a stronger yen and Europe's debt problems hamper efforts to undo the damage from the worst recall crisis in its history.
Stocks worldwide plunged as concerns about Greece's debt crisis went global, with investors seeing it as an omen of turmoil in other European economies and governments struggling to calm markets.
TD Ameritrade Holding Corp substantially cut its profit, revenue and trading forecasts in the face of low volatility and interest rates, a difficult environment that it compared to last decade's dotcom market crisis.
When Lehman Brothers Holdings Inc's embattled former chief executive Richard Fuld faces U.S. lawmakers again on Tuesday, he will blame a perfect storm for the firm's collapse and defend Lehman's use of a controversial accounting technique.
Former Lehman Brothers Holdings Inc Chief Executive Richard Fuld will tell U.S. lawmakers on Tuesday that he was not aware of off-balance-sheet transactions that some have blamed for hiding Lehman's true financial state ahead of its collapse.
U.S. industrial production braked sharply in February, held back by severe winter storms that slammed parts of the country, while manufacturing activity in New York state stalled this month.
Streams of Thai red shirt protesters converged on Monday on a military base housing Prime Minister Abhisit Vejjajiva to press him to call a new election, a demand he refused to meet.
The 2010 hurricane season is expected to be extreme and carry along above-normal threats on the U.S. coastline, AccuWeather.com predicted Wednesday.
Economic activity strengthened modestly across most of the 12 Federal Reserve districts during February and likely would have done better if not for heavy snowstorms that battered many areas.
A major winter storm in the East has caused the New York City area's three major airports to cancel more than 1,000 flights Friday, the Associated Press reported citing an airport spokesman.
A major snow storm struck the Northeast, leaving disruptions in air and road travel and caused a major pile-up in the central part of the state.
A second major snow storm struck the Northeast, leaving at least 700,000 homes and businesses without power, and all New York City public schools closed for the day.
