SAO PAULO— Federal and state governments in Brazil say they will sue iron ore miner Samarco and its co-owners BHP Billiton and Vale for$ 5.2 billion for the damage caused when a dam burst earlier this month, creating an environmental disaster. Officials say the wave of mud that spilled into the Doce River on Nov. 5 left an estimated nine tons of dead fish, polluted 850...» Read More
Turnaround specialist Albert Koch is in for perhaps his biggest challenge yet as GM's chief restructuring officer. He'll be GM's primary representative while it is in bankruptcy court protection.
General Motors' bankruptcy filing on Monday comes at no surprise, said Bob Doll, BlackRock vice chairman.
AutoNation CEO Mike Jackson says buyers are coming to car showrooms, but the credit isn't there to make the sales.
Spot gasoline is dear. The market is screaming at the refiners to start processing gasoline and sell into the backwardation. Failure to take advantage today and the refiners run the risk of chasing the curve lower as we move out along the x-axis… not to mention they risk of the wrath of media savvy politicians should downstream inaction lead to higher prices at the pump for Americans through this summer and into hurricane season, writes Stephen Schork.
Investment is not economically plausible below $70 a barrel, OPEC’s Secretary General Abdalla El-Badri told CNBC Tuesday, ahead of Thursday's OPEC quarterly meeting in Vienna.
Here's some background on Sonia Sotomayor, who President Barack Obama chose to succeed Justice David Souter on the Supreme Court Tuesday, and her view of business issues: right/CNBC/Sections/News_And_Analysis/__Story_Inserts/graphics/__GOVERNMENT/supreme_court_building.jpg120015000righttruehttp://msnbcmedia.msn.comAP ASCOTUS ROBERTSWASHINGTONDCUSA632638944000000000false1DCMC105Pfalsefalsefalsefalse
OPEC is unlikely to cut output at its upcoming meeting, Saudi Arabia's oil minister said in comments published Tuesday, as indications mounted that the oil producing bloc would resist a temptation to tighten the taps despite wanting higher crude prices.
Business leaders from across the world are meeting in Copenhagen this week to discuss tackling climate change. They hope to influence world leaders who will decide in December on a follow up to the Kyoto agreement.
For years, we've heard Detroit and other auto makers lobby against higher fuel economy standards because it would drive up costs and ultimately hurt sales of SUV's and pick-ups- vehicles Americans want.
President Barack Obama wants drivers to go farther on a gallon of gas and cause less damage to the environment—and be willing to pick up the tab.
President Barack Obama will issue new vehicle emission standards and pair them with a broader goal of reducing pollution, marking the first time limits on greenhouse gases will be linked to federal standards for cars and trucks.
At 789 Chrysler lots across America sit 44,000 potential bargains—cars and trucks that are stuck between shell-shocked dealers and a troubled company that no longer wants their services.
As Americans prune their expenses because of the relentless recession, the family vacation is taking a hit. A third of those surveyed in an AP-Gfk Poll released Monday said they had already canceled at least one trip this year because of money.
While Americans debate the use of so-called clean coal, China is mastering the application of the technology.
A new, stylish, environmentally-friendly manufactured home from a Berkshire Hathaway subsidiary is getting a lot of attention today, with a favorable comparison to Apple's popular iPod media player.
In what may be the most unique program to tackle the housing crisis, the Silicon Valley community of Menlo Park is offering to take over some debt of homeowners who are 90 days late on their mortgages.
We can make money by selling small cars in U.S. with our new global platform, said Alan Mulally, Ford Motor CEO.
The Obama administration will unveil measures to help homeowners and businesses modify second mortgages as well as primary ones.
The Obama administration is expected to unveil measures to help homeowners and businesses modify second mortgages as well as primary ones.
How you can save money down the road by "greening" your home now.