*India spends more than $4 bln on annual coking coal imports. NEW DELHI, Feb 12- India is asking the country's big steelmakers to consider converting local medium-quality coal into premium coking coal to slash an annual import bill of more than $4 billion for buying that grade from countries such as Australia and South Africa. Resurgent local output of...» Read More
Some of BP’s other trading partners, or counterparties, are asking for letters of credit from banks to guarantee that BP will make good on future trading debts, says one of the people familiar with the matter.
Gander Mountain charged that on co-branded cards—these are cards that can be used anywhere as a Gander Mountain Master Card—ADS won’t give credit to Gander Mountain customers with FICO scores above 800.
More than two thirds of major corporations globally plan to spend up to 5 percent of their revenues on carbon cutting initiatives over the next two years.
While oil companies have spent billions of dollars to drill deeper and farther out to sea, relatively little money and research have gone into finding new, improved ways to respond to oil spills in deepsea conditions like those in the Gulf of Mexico.
Cramer breaks down the biggest indicators of the markets that will unfold in the days to come.
Watch how the dumb money invests so you can make smart decisions, says Gary Kaminsky of CNBC's "The Strategy Session."
With US/UK relations under strain because of the BP oil spill in the Gulf of Mexico, a group of Brits intends to try and give a helping hand.
It soon became clear that the “risk factors” section of the documents, in which BP would lay out the perceived risks to its bondholders, was too delicate an explanation to rush, says one of the people familiar with the matter, and the company realized it would likely need at least another week to finish the prospectus.
Red Lobster will soon take oysters off its menu, after its supplier was forced to shut down due to oil spill in the Gulf.
The oil spill in the Gulf of Mexico underscores why our nation needs to focus more on renewable and cleaner sources of energy said, NextEra Energy Chairman and CEO Lew Hay.
What if Deepwater Horizon was a nuclear plant?
With so much attention on Chinese stocks, something that gets very little attention: US-listed Chinese companies that went public through the back door. The back door, in this case..?
The threat of a trade war between the US and China is greatly reduced. The move should help combat Chinese inflation a little by making imports less expensive. The only major country the Chinese have a trade surplus with is the US. Exporters to China should still see better trade as the richer currency buys more.
Blackouts are one more possible problem related to the BP oil spill for the residents of the Gulf of Mexico region. If that happens, the power outages have the potential to impact homes and businesses from western Louisiana to eastern Florida.
White House shakedown? In a recent ten-year period, for example, oil companies lavished Congress with nearly $200 million in campaign contributions and reaped one hundred times that figure from the US Treasury in return
BP deserves acknowledgement for the claims it has made to date to the Gulf of Mexico region and its residents and its agreement last week with the government to pay out some $20 billion, Ken Feinberg, BP escrow account administrator, told CNBC Monday.
These energy-conscious companies have fared well this year and continue to attract portfolio mangers' interest.
While shares of BP have tumbled since the Gulf of Mexico oil spill, the shares of the company aren't much worse off than other major shares in London, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
“Investors in BP should know that there’s now an alternative to the litigation system in place,” Kenneth Feinberg said in a telephone interview with CNBC Sunday afternoon. “I think that’s a really helpful sign if you’re an investor.”
All eyes in Washington, Wall Street and Main Street were turned on the Congressional show trial featuring beleaguered BP CEO Tony Hayward yesterday. Hayward was a disaster. He played dumb. He stonewalled. And he never got honest about BP's colossal failure of human judgment that caused this catastrophe. But folks, seriously, what did you expect?