Hurricanes, tornadoes, earthquakes—depending on where you live in the U.S., natural disasters can be a way of life.» Read More
NEW ORLEANS— A federal grand jury has issued a new indictment against a former BP executive charged with obstructing a congressional investigation into the 2010 Gulf of Mexico oil spill. Friday's superseding indictment makes adjustments to existing obstruction of Congress and false statement charges against David Rainey, who faces a March 9 trial.
Louisiana's unemployment rate jumped again in August, the fourth straight month with an increase, according to figures released Friday. Louisiana's unemployment rate was 5.4 percent in July, but remains below August 2013' s level of 6.2 percent. A separate survey shows employer payrolls rose to yet another all-time high in Louisiana.
*Tokyo Gas, Osaka Gas, Gail offering 5- year deals- sources. The chance to ship LNG from the United States, where natural gas output is booming, was touted as the solution to Asia's soaring energy needs and mounting fuel import bill-- and firms rushed in to grab a slice of the affordable action.
LONDON, Sept 19- The zinc rally has run out of steam. But the benchmark LME three-month price has over the last couple of weeks retreated from above $2,400 per tonne to a current $2,260. The LME's Commitments of Traders Report showed money managers trimming their net long position by 12,271 lots, or 306,775 tonnes, in the week to Sept. 12.
WASHINGTON— Congress' must-pass budget bill ignores the Obama administration's request to accelerate spending on immigration courts to handle the flood of unaccompanied minors at the border— even as it boosts spending flexibility for Border Patrol agents and detention centers.
Transocean owned the Deepwater Horizon rig that was drilling for BP PLC at its Macondo well, about 50 miles off the Louisiana coast when an explosion killed 11 workers and led to the nation's worst offshore oil spill. Transocean officials did not immediately respond to messages seeking comment.
NEW YORK, Sept 17- U.S. stocks edged higher in volatile trading on Wednesday after the U.S.
*Mitsubishi, Mitsui, Kogas in talks to buy Europe import capacity. MILAN, Sept 17- Gas buyers nervous of Russia cutting supply are helping solve Europe's problem of too many underused liquefied natural gas terminals, as they seek space at France's Dunkirk plant.
Nucor said on Monday it would buy Gallatin Steel, the U.S. joint venture between ArcelorMittal and Gerdau, for $770 million to expand into flat-rolled steel market in the growing pipe and tube business. In the current quarter ending Sept. 30, Nucor also expects to gain from write down of assets and high levels of imports due to downward pressure on pricing.
The auction house Profiles in History told The Associated Press that it estimates the Harley-Davidson will bring $1 million to $1.2 million at its Oct. 18 sale being held online and at its galleries in Calabasas, California.
CHICAGO— CHICAGO— A professor whose research is helping a California police department improve its strained relationship with the black community and a lawyer who advocates for victims of domestic abuse are among the 21 winners of this year's MacArthur Foundation "genius grants."
Republican congressman Mike Coffman of Colorado says the Veterans Affairs Department's oversight of construction projects is dysfunctional and leads to delayed health care. The hospitals are in Las Vegas, Denver, New Orleans and Orlando, Florida.
WASHINGTON, Sept 16- The U.S. Export-Import Bank is likely to have its charter renewed through mid-2015 this week, even though lawmakers in both parties said on Tuesday they see the extension as a second-best solution.
WASHINGTON— Amid action in Congress to intensify the fight against Islamic State militants, Senate Majority Leader Harry Reid found time Tuesday for an issue closer to home: ensuring that a nuclear waste dump in his home state of Nevada remains mothballed even after the government has spent $15 billion on it.
Bobby Jindal said Tuesday that President Barack Obama's administration has become "science deniers," failing to do enough to harness the nation's energy potential. The White House has said its promotion of domestic energy production, the use of wind and solar power and the reduction in oil consumption have had economic benefits and reduced carbon emissions.
NEW YORK, Sept 15- Oil prices slid to a 26- month low on Monday, and many other commodities also fell in a selloff that drove a sector benchmark near its lowest level this year on discouraging data out of China along with a stronger U.S. dollar.
Sept 15- Chevron Corp said Monday a blast on a natural gas gathering pipeline into the Henry Hub supply hub in Louisiana on Saturday that killed one worker interrupted "minimal gas production." Chevron said workers were performing routine maintenance on a Chevron Midstream Pipeline gas gathering line in offshore Louisiana waters when the accident occurred.
NEW ORLEANS— A contractor was killed and two others were injured Saturday during maintenance on a Chevron natural gas pipeline off the Louisiana coast, authorities said.
WASHINGTON— Efforts to come up with a new chemical regulation bill face an uphill battle in the Senate.
CHICAGO, Sept 12- Cargill Inc, the top U.S. grain exporter, sued a unit of Syngenta AG in a Louisiana state court on Friday for damages stemming from China's rejection of genetically modified U.S. corn, which Cargill said cost the company more than $90 million.