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CNBC Utilities Page Catastrophe

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  • Trading halted on NYSE floor Wednesday, 8 Jul 2015 | 11:34 AM ET
    A trader works on the floor of the New York Stock Exchange.

    CNBC's Carl Quintanilla reports on halted trading on the NYSE.

  • Burt's Bees co-founder dead at 80 Monday, 6 Jul 2015 | 10:00 AM ET
    Burt's Bees co-founder dead at 80

    Burt Shavitz, the Burt behind Burt's Bees who co-founded the natural cosmetics company, died yesterday. He was 80.

  • Varoufakis: Deal possible in 24 hours Sunday, 5 Jul 2015 | 1:15 PM ET
    Greek Finance Minister Yanis Varoufakis (C) votes during the Greek referendum in Athens on July 5, 2015.

    Greek Finance Minister Yanis Varoufakis remarks on the Greek referendum.

  • HOUSTON, July 2- BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act...

  • HOUSTON, July 2- BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history. It also seeks to resolve environmental and economic damage claims by Louisiana, Mississippi, Alabama,...

  • ABOARD AIR FORCE ONE, July 2- The White House said on Thursday it was pleased to see an agreement reached with BP to end litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico oil spill.

  • July 2- BP Plc's agreed to pay out $18.7 billion to the U.S. government and five coastal states to settle damages claims from the 2010 Gulf of Mexico spill. The following are details of the payouts and reaction from officials in Alabama, Florida, Louisiana, Mississippi and Texas:. LOUISIANA: The hardest state because of its proximity to the spill will receive more...

  • July 2- BP has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico oil spill. PAVEL MOLCHANOV, ANALYST AT RAYMOND JAMES:. "The total amount-- $18.7 billion-- obviously is a massive payout, but it's spread over 15 to 18 years, making it quite manageable from a cash flow standpoint.

  • TIMELINE-BP oil spill, litigation at a glance Thursday, 2 Jul 2015 | 10:34 AM ET

    Sept 4- BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said. *April 20, 2010, RIG EXPLODES: An explosion on the Deepwater Horizon oil rig at the Macondo exploration well kills 11 workers and releases...

  • July 2- BP Plc has reached a comprehensive $18.7 billion settlement with the U.S. government and five states, a landmark deal that effectively ends years of litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico spill. Clean Water Act fines and natural resources damages, along with claims by Alabama, Florida, Louisiana,...

  • July 2- BP said it has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico spill. BP said the agreement covered claims from the states Of Alabama, Florida, Louisiana, Mississippi and Texas and 400 local government entities. Florida's Attorney General said her state's economic damages...

  • July 2- BP Plc has reached an agreement with the United States and affected state governments to settle damages claim from the Gulf of Mexico oil spill in 2010, Bloomberg reported. The terms of the agreement are not available, Bloomberg said, citing a person with knowledge of the matter. A BP spokesman contacted by Reuters declined to comment.

  • 'Wow, pulled back wrong throttle': Crashed plane capt Thursday, 2 Jul 2015 | 6:41 AM ET
    Rescue teams work to free passengers from the TransAsia Airways ATR 72-600 turboprop airplane that crashed into the Keelung River, Taipei.

    The pilot flying a TransAsia Airways ATR mistakenly switched off the plane's only working engine seconds before it crashed in February.

  • Train carrying 'flammable and toxic gas' derails Thursday, 2 Jul 2015 | 5:52 AM ET
    Norfolk Souther Rail and a CSX train sit at the Norfolk Southern Bellevue Terminal in Bellevue, Ohio.

    More than 5,000 residents were evacuated after a freight train carrying a "highly flammable and toxic gas" partly derailed and caught fire.

  • WASHINGTON, June 30- An Oklahoma woman who was injured when an earthquake rocked her home in 2011 can sue oil companies for damages, the state's highest court ruled on Tuesday, opening the door to other potential lawsuits against the state's energy companies. Oklahoma, home to major energy companies including Chesapeake Energy Corp., Devon Energy Corp., and...

  • June 30- A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday. The 5th U.S. Circuit Court of Appeals in New Orleans agreed with a lower court judge's decision last June to throw out the defendant Kurt Mix's December 2013 conviction.

  • WASHINGTON, June 29- The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill. The high court left in place a June 2014 ruling by the New Orleans- based 5th U.S. Circuit Court of Appeals, which said the companies were liable for civil...

  • UK holiday firms evacuate tourists from Tunisia Saturday, 27 Jun 2015 | 11:57 AM ET
    Tourists leave Tunisia at the Enfidha International airport after a shooting attack at the Imperial hotel in the resort town of Sousse.

    British tour operators sent planes to evacuate tourists from Tunisia after 39 people including 15 Britons were killed.

  • President Obama delivers eulogy at slain pastor's funeral

    President Obama delivers the eulogy in Charleston for the funeral of Reverend Clementa Pinckney.

  • President Obama's eulogy for Rev. Pinckney Friday, 26 Jun 2015 | 2:49 PM ET
    President Obama's eulogy for Rev. Pinckney

    President Obama delivers the eulogy in Charleston for the funeral of Reverend Clementa Pinckney.