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.
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.
BP boss Tony Hayward met with an Abu Dhabi state investment fund on Wednesday, part of a quest for cash to ward off takeovers and help pay for the worst oil spill in U.S. history.
BP boss Tony Hayward met with an Abu Dhabi state investment fund on Wednesday, part of a quest for cash to ward off takeovers and help pay for the worst oil spill in U.S. history.
Millions of gallons/liters of oil have spewed into the Gulf of Mexico since an April 20 explosion on a drilling rig triggered the worst spill in U.S. history.
BP's boss met officials from Abu Dhabi state funds on Wednesday as prospects for fresh investment and progress toward closing a leaking U.S. oil well lifted the company's battered shares.
Drilling of a relief well to halt the BP oil spill in the Gulf of Mexico is a week ahead of schedule, the U.S. official overseeing the response to the disaster said on Tuesday.
Alan Krueger can wax poetic about data -- literally.
As the U.S. recovery limps along, some economists and political leaders are warning that states' poor fiscal conditions could threaten any progress.
President Barack Obama on Friday signed a law giving consumers already in the process of buying a home three extra months to close the deal and still get a popular tax credit from the government.
Internecine civil wars are underway almost everywhere within the West, and most virulently in the United States of America. They are not yet kinetic wars, but wars of grinding prepositioning, the kind which lead to foregone conclusions without a shot being fired. They are wars of survival, nonetheless, because the basic architecture for national strength is being altered incrementally or dramatically. And, in many cases, consciously.
U.S. private payrolls rose only modestly in June and overall employment fell for the first time this year as thousands of temporary census jobs ended, indicating the economic recovery is failing to pick up steam.
Glam pop singer Lady Gaga is on the brink of becoming the first living person to have 10 million fans on a single social networking site, having already overtaken U.S. President Barack Obama on Facebook, a British group that measures online popularity said on Friday.
Private payrolls rose only modestly in June and overall employment fell for the first time this year as thousands of temporary census jobs ended, showing the economic recovery failing to pick up steam.
U.S. President Barack Obama announced on Friday nearly $800 million in loans and grants for the build-out of broadband networks to reach homes, schools and hospitals.
U.S. President Barack Obama is slated to announce on Friday nearly $800 million in loans and grants for the build-out of broadband networks to reach homes, schools and hospitals.
Employment fell for the first time this year in June as thousands of temporary census jobs ended and private hiring grew less than expected, dealing a blow to President Barack Obama who has identified job creation as a key priority.
Private payrolls rose less than expected in June and overall employment fell for the first time this year as thousands of temporary census jobs ended, showing the economic recovery is failing to gain traction.
In a blow to Indian jewelers, the US has stopped the duty-free status for gold necklaces from India as the product was found to be competitive in US markets.
Earlier, US used to allow duty-free status to certain products from developing countries to help them expand their economies. Other items that have been struck off the duty-free list are passenger tyres from Thailand and wood flooring from Brazil.
Employment likely contracted for the first time this year in June as thousands of temporary jobs for census workers ended, though private-sector hiring probably picked up, according to a Reuters survey.
Tropical storm Alex slowed oil spill clean-up and containment work in the Gulf of Mexico and drove more petroleum into fragile Gulf wetlands and beaches on Thursday, with any permanent fix to BP Plc's ruptured deep-sea well still several weeks away.
U.S. jobless numbers likely fell in June for the first time this year, a Reuters poll showed. The key monthly unemployment report will be released on Friday.
