WASHINGTON, Feb 9- The U.S. Supreme Court on Tuesday delivered a major blow to President Barack Obama by blocking federal regulations to curb carbon dioxide emissions from power plants, the centerpiece of his administration's strategy to combat climate change. The states, led by coal producer West Virginia and oil producer Texas, and several major business...» Read More
Corporate hedging, the science of locking in predetermined prices to insure against future, has been around since at least the 1980s. But a combination of global diversification over the last decade and a rash of geopolitical events from Japan to Libya are causing many companies to reemphasize the importance of their hedging, say traders and corporate executives.
The automaker said Wednesday that the Prius has been the top-selling hybrid in the U.S. since it went on sale 11 years ago.
What Achenbach has done in his meticulously researched book, is take us behind the scenes revealing the struggles and battles between the BP engineers and government scientists who were working (together and often against each other) to kill the runaway well.
Kevin Ferry, Cronus Futures Management, discusses what happened in overnight trading as well as what he wishes would happen with the Fed. And the House tries to ban the EPA from regulating greenhouse gases, with Rep. Ed Whitfield (R-Ky.) Energy & Commerce Committee.
Expectations of inflation have supported oil prices, but even though interest rates are set to rise, crude is unlikely to fall too much, Johannes Benigni, managing director at JBC Energy told CNBC Tuesday.
Oil prices have recovered from a short sharp sell-off late last month to hit fresh highs but could be about to sell off again, according to Julian Jessop, the chief international economist at Capital Economics.
Transocean acknowledged that its description of 2010 as its "best year in safety" despite a blowout that sank one of its rigs, killing 11 workers and causing a huge oil spill, might be insensitive.
Stocks closed mixed Monday with tech stocks lower after the market traded within a narrow range during much of a quiet session with the market at or near highs for the year. Johnson & Johnson led the Dow higher, while HP fell.
Stocks gained moderate strength in the final hour of trading Monday, although largely remained within a narrow range, amid another quiet trading session with the market at or near highs for the year. Johnson & Johnson and Wal-Mart gained, while HP fell.
Stocks traded slightly higher amid another day of quiet trading and after a week of strong gains.. GE and Wal-Mart rose, while Intel fell.
Stock index futures rose slightly ahead of the open Monday as investors waited for direction from Federal Reserve speakers at the start of a week which will see central bank policy decisions take center stage.
BP will resume drilling in the Gulf of Mexico as early as July, less than 15 months after an accident that killed 11 workers and led to the worst offshore oil disaster in US waters, the Financial Times reports.
General Motors, Ford, Honda, Hyundai and Nissan all reported higher U.S. sales of new vehicles in March, helped by strong demand for models that get better gas mileage.
There seems to be little news to merit any optimism. The challenges facing Japan are great and daunting. But let's not discount the resilience and determination of the Japanese and let's not dismiss the Japanese economy.
Supply disruptions related to the earthquake and related crisis in Japan haven't affected Mercedes-Benz yet, but could down the road, warned Ernst Lieb, the automaker's U.S. CEO, in an interview with CNBC.
A CNBC analysis of how markets reacted to previous nuclear accidents may help explain and predict the impact of the emergency in Japan.
The tsunami that devastated Japan's coast is a tragic reminder that we have an uneasy relationship with our oceans. If we do nothing to address climate change, by the end of this century ocean levels will rise 30 to 55 inches, turning future tsunami into full-blown disasters.
Natural gas may be having its day, as its rival energy sources come under a cloud. The serious problems at the nuclear power plant in Japan have raised new doubts about the safety of nuclear energy the New York Times reports.
In the wake of Japan’s cascading disasters, signs of economic loss can be found in many corners of the globe, from Sendai, on the battered Japanese coast, to Paris to Marion, Ark., reports the New York Times.
Plans to develop new nuclear reactors may have to be put on hold until world leaders assess the causes of Japan's nuclear disaster and how to prevent a repeat of the accident, Luis Echavarri, director of the OECD's Nuclear Energy Agency told CNBC.