WASHINGTON, July 29- New York state and nuclear power have never been best friends, but the state is expected to decide as soon as Monday on a proposed subsidy plan that could furnish the rest of the country with a model for saving a struggling industry while reducing carbon emissions. Five plants in states from Florida to California have shut since 2013 and many... » Read More
Some on Wall Street are saying that BP may have to pay lenders as much as 2.5 percent more than it typically does on similar bond issues. What does this mean for BP stock and investors?
Investors who want to avoid oil stocks in the wake of the Gulf of Mexico oil spill should look at alternative energy companies with the potential to rally such as Vestas Wind Systems and Veolia Environment, Royce Tostrams, technical analyst at Tostrams Groep, told CNBC Friday.
The drill ban could jeopardize 50,000 jobs, according to one estimate, hurting many blue-collar communities on the Gulf Coast. The NYT reports.
Facilities, by a company called Ecospshere Technologies, could be put in place within days to help lessen the damage of the BP Gulf oil spill and capture the oil for later processing, Jean-Michel Cousteau, president and founder of the Ocean Futures Society, told CNBC Thursday.
Gulf oil spill victims should file a claim as soon as possible, Ken Feinberg, head of the $20 Billion Fund to help victims said Thursday.
Is it time for the business community, and its investors, to sound a note of caution over what is happening to BP? Specifically, where is the justicial process. And, why is there no national mobilization?
As I continue my week here on the Gulf Coast of Florida, I hear more and more real and anecdotal stories of contract cancellations for new home purchases and second homeowners walking away. There is no question that while oil has barely brushed the beaches here in Pensacola, the place is awash in fear. Fear and real estate are like, well, oil and water; they don't mix well.
The CEO of MyCelx, a Georgia company with a patented molecule that bonds to oil, is hoping that her company's product will lessen the impact of the Gulf oil spill.
Buyers are walking away when sellers refuse last-minute demands, making a drop in sales worse than expected, the NYT reports.
Forgive my silence on the blog for the past two days, but I've been in beastly hot Pensacola, Florida, preparing stories on mortgage mediation, and, of course, oil. President Obama dropped by the beach yesterday to talk to some local folks, while I spent the day in empty beach front mansions and empty ocean-view condos.
With up to 60,000 barrels of oil spewing into the Gulf on a daily basis, the $20 billion Gulf fund may be something worthwhile for investors.
An oil exploration company in a sea of post-BP oil exploration stock disasters.
As investors debate whether high-yielding BP bonds are a good buy, the cost of insuring against default on those bonds continues to set new highs. BP bonds bounced, along with a temporary move higher in its stock, on news the company has agreed to set aside $20 billion in an escrow fund to pay claims from the Gulf of Mexico oil spill. The credit-default swaps for BP bonds have risen to a record...
Officials in the gulf states say the sprawling cleanup effort is being hampered by a lack of clear authority and communication, among other problems. The NYT reports.
Carl-Henric Svanberg got a summons to the White House to answer President Obama’s questions about the spill. The NYT reports.
Former New York City mayor Rudy Giuliani sharply criticized the U.S. government's response to the Gulf oil spill Tuesday, while calling any attempts to force BP to cut its dividends or establish a spill victims fund sheer "political posturing."
It's been 56 days since the explosion aboard the Deepwater Horizon, and oil is still leaking into the Gulf of Mexico. Today, we want to know whom you blame more for not stopping it, the government or BP. Share your opinion in our poll.
With chatter that BP or its assets may be on somebody’s shopping list, the obvious question: Which big oil company is most financially fit to do those kind of deals? Exxon Mobil.
Patriotic Americans bought war bonds to finance the path to victory in a just cause. Why not use the same tool again — call them Freedom Bonds — to end another form of global tyranny?
As the Gulf of Mexico oil spill nears the two-month mark, BP has been bombarded with ideas for cleaning up the crude. Vote for the ones you think would be most effective, from demonstrations on CNBC.