BP PLC

Tropical Storm Lee barreled into southern Louisiana's coast on Sunday, as New Orleans prepared for one of the biggest tests of its flood defenses since Hurricane Katrina devastated the city in 2005.

Tropical Katia is not expected to strengthen much on Friday, as wind shear clips the system, but forecasters say the storm will likely regain hurricane strength and perhaps cut a path toward the U.S. coast by the middle of next week. At 8 a.m. Friday, Katia was in the Atlantic, 700 miles east of the Leeward Islands. The storm is moving northwest at 15 miles per hour with sustained winds of 70 miles per hour, just below hurricane strength.

As the chances of a low-pressure system in the Gulf of Mexico turning into a tropical depression in next two days increase and reach around 70 percent, major oil and natural gas companies functioning in the U.S-regulated areas of the Gulf of Mexico have stopped their operations and started evacuating their employees.

Texas has prayed for rain during months-long drought that has escalated in recent weeks with severe heat but the Lonestar state probably didn't want a hurricane to solve the dilemma. Forecasters say, however, that the next hurricane serious hurricane threat to the U.S. may not be Hurricane Katia. A new low-pressure system has developed in the Gulf of Mexico that the National Hurricane Center says is likely to become a tropical cyclone in the next two days before possibly threatening the U.S.,...

The next hurricane serious hurricane threat to the U.S. may not be Hurricane Katia, but a new low-pressure system that developed in the Gulf of Mexico that the National Hurricane Center says is likely to become a tropical cyclone in the next two days. The unnamed storm has a good chance of threatening U.S. states on the northern Gulf Coast -- potentially areas hit by Hurricane Katrina in 2005.

Hurricane Katia is likely to become a major storm this weekend, and an eventual threat to the U.S. has not been ruled out. The National Hurricane Center said Thursday Katia, now about 1,000 miles east of St. Lucia in the Carribbean, is on a projected path to be well east of the Bahamas and south of Bermuda by Sept. 6. Katia has winds near 75 miles per hour, and the storm is moving west at 20 miles per hour.

Hurricane Katia is official, as the storm strengthened in the past 24 hours from tropical storm strength. The National Hurricane Center in Miami says Katia, the second hurricane of the 2011 Atlantic season, will likely further strengthen and become a major hurricane by the weekend. The threat that Katia could eventually strike the U.S. remains, through models are uncertain.

Exxon Mobil Corp and Rosneft on Monday announced a deal to extract oil and gas from the Russian Arctic, marking a significant milestone in Russia's patchy history with foreign corporate investors.

BP announced second quarter earnings of 5.3 billion on Tuesday, a stark contrast from last year's second quarter loss of $17.15 billion, behind profits from skyrocketing oil prices.

BP would be wise to consider splitting its operations, as ConcoPhillips and Marathon Oil recently have, to possibly gain back up to 100 billion in value, according to an analyst.

It is a known fact that iPad is evolving as a key revenue generator for Apple. But, analysts say that even iPad covers could be contributing millions of revenue to Apple.

Time Inc.'s Fortune magazine released its annual World's largest corporations ranked by revenue that appeared in its annual Fortune Global 500 list.

A recent Barron's article predicted that oil prices could top $150 next year and if this becomes true it could wreak havoc on the global economy with a devastating impact.

An ExxonMobil pipeline in Montana State ruptured late Friday, which spilled hundreds of barrels of crude oil into the famed Yellowstone River, prompting evacuations of nearby residents.

A recently released survey from priceline.com gathered the 50 most popular destinations for July 4th weekend. One big surprise may be that several of the top spots are across the border in Canada!

Beaches in America saw the second-highest number of closing and advisory days in 2010, highest in more than two decades, as pollution continues to plague beach waters across the country, a report released on Wednesday said.

Priceline.com recently released its annual survey of the 50 most popular destinations for the upcoming Independence Day weekend in the United States, and one of the biggest surprises may be that many of the top spots aren't in the U.S. They're in Canada!

The driving protest of the Saudi women going on for a month now could hardly get a dozen of hands behind the wheel, the same number that succeeded to do so during the last public driving protest 20 years ago.

The companies whose shares are moving in pre-market trade on Tuesday are: Best Buy, Micron Technology, Biogen Idec, Aetna, Discover Financial, Weatherford International, CVS, Country Style Cooking, Walgreen, Invesco Mortgage and Motorola Mobility Holdings.

China, the Philippines, Vietnam, Malaysia, and Brunei all claim territory in the Spratly Islands of the South China Sea, parts of which are believed to be sitting on huge deposits of oil and gas. So where are these islands and what do they look like?

What does the Anthony Weiner saga have to do with the travel industry? Not much at all, but one airline company is promoting a special Weiner Sale with fares starting at $9.00.