RALEIGH, N.C.— The Latest on a judge reviewing a $7 million settlement over groundwater pollution at one coal-burning power plant that was expanded to end disputes at all 14 Duke Energy sites in North Carolina:. A North Carolina judge wants to review a surprise deal over groundwater pollution at Duke Energy's coal ash pits because he questions the motives behind...» Read More
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?
BP executives met in London Friday with investment bankers to discuss a likely bond offering as early as Tuesday, according to a source familiar with the matter.
The public, both the American and those throughout the world, will demand greater regulation of the oil industry in light of the BP Gulf of Mexico spill, James Mulva, chairman and CEO of industry giant ConocoPhillips, told CNBC Friday.
One company's pain is often another's gain. And BP's woes have sent this stock to an all-time high.
The Obama administration's six-month moratorium on oil drilling could benefit BP, John Kingston, director of oil at Platts, a provider of energy information, told CNBC.
The correlation of S&P 500 members to daily move in the benchmark overall has been steadily rising toward parity over the last 10 years, a sign that exchange-traded funds, electronic trading and a short-term mentality is slowly killing individual stock picking based on fundamentals.
It is an overlooked danger in the oil spill crisis: The crude gushing from the well contains vast amounts of natural gas that could pose a serious threat to the Gulf of Mexico's fragile ecosystem.
A hydrophobic sand that repels water and encapsulates oil could be one solution to soaking up all the crude from BP's leaking well in the Gulf of Mexico.
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.