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...» Read More
The Japan situation offers a new “calibration point” for insurers and the world, Glenn Renwick, CEO of insurance company Progressive, told CNBC Wednesday.
On March 11, 2011, an earthquake measuring 9.0 on the Richter scale struck Japan, bringing a destructive tsunami along with it. See 11 other history-making nuclear disasters.
As global sell-off intensifies on fears of Japan's nuclear crisis, the former car czar told CNBC Wednesday that nothing will derail our economic recovery except oil.
Because of Japan’s many troubles, before and after recent events, the Asia nation could face recession again, Stephen Roach, Morgan Stanley’s non-executive chairman Asia, told CNBC Wednesday.
The yen hit a four-month high against the dollar, and Bahrain's central bank is on the move — it's time for your FX Fix.
A small crew of technicians, braving radiation and fire, became the only people remaining at the Fukushima Daiichi Nuclear Power Station on Tuesday — and perhaps Japan’s last chance of preventing a broader nuclear catastrophe, the New York Times reports.
Oil prices have fallen sharply in the wake of the disaster in Japan as investors have shunned risk. Nymex has declined around 5 percent since last Friday's earthquake and tsunami. However, Jim Rogers, Chairman of Rogers Holdings, who has been a long-term bull on oil, thinks it's only a matter of time before the current trend reverses.
With many Japanese factories facing temporary or partial closure, the earthquake has left investors facing an uncomfortable truth: in the modern world, it can be tough to assess how convoluted cross-border linkages really work, in manufacturing as in finance, the Financial Times reports.
The type of containment vessel used in the stricken reactors in Japan has long been thought susceptible to failure in an emergency. The NYT reports.
To find them, Cramer goes "Off the Charts."
Japan's nuclear concerns are not comparable to the Chernobyl disaster, Cramer said.
Japan is struck by the largest recorded earthquake in its history off the coast of the northeastern city of Sendai, putting in motion a series of events that led to a nuclear crisis. The Christian Science Monitor reports.
Retail stocks continue on their slide as investors worry about the world's second largest consumer market. NetNet spoke with Brian Sozzi, a StarMine top-ranked Equity Research Retail analyst, about his outlook on the sector.
Despite serious worries stemming from the deteriorating situation in Japan, the futures aren't predicting U.S. equities to react as violently as they did to the bankruptcy of Lehman Brothers.
The exposures of various insurance companies to the economic devastation of the Tsunami may be dominating the financial discussions in the tragedy's wake – but Japanese banks may be at the most risk.
The yen should be much weaker against the U.S. dollar in the long run based on fundamentals, Nouriel Roubini, Chairman & Co-Founder Roubini Global Economics told CNBC on Tuesday.
Even as workers race to prevent the radioactive cores of the damaged nuclear reactors in Japan from melting down, concerns are growing that nearby pools holding spent fuel rods could pose an even greater danger, the New York Times reports.
Japanese authorities continued to struggle to respond to the aftermath of Friday’s earthquake and tsunami as thousands remained missing and nearly half a million survivors huddled in temporary shelters, the Financial Times reports.
That the market will fall, and fall rapidly is a given. The key question is how far the market may fall before it finds support. The reaction to the Kobe earthquake provides some clues.