Eleven Democratic senators urged Obama to make a final decision on whether to approve TransCanada Corp's Keystone.» Read More
HOUSTON, April 22- The high-stakes penalty phase of BP's trial over its role in the 2010 U.S. Fines under the Clean Water Act could top $17 billion, an amount more than BP's profit in 2013, which after items was $13.4 billion.
NEW ORLEANS— The U.S. Commerce Department is investigating allegations that Mexico is exporting far more sugar than it has in the past and selling it in the U.S. at below fair market price. The Commerce Department announced its decision Friday, saying sugar imports from Mexico grew from 1.4 million metric tons in 2011 to nearly 2.1 million metric tons last year.
New York- based Orange Capital, which raised its stake in the company to 4.5 percent, as of April 10, said it was in talks with the company regarding opportunities to maximize shareholder value.
NEW YORK— Calpine Corp. said Monday that it has agreed to sell six of its power plants, including two in Alabama, to privately-held LS Power Equity Advisors for $1.57 billion. Houston- based Calpine plans to use the money to pay down debt, acquire other sites or buy back its stock, said CEO Jack Fusco.
Secretary of Agriculture Tom Vilsack announced in Cedar Rapids the formation of the first Rural Business Investment Company, a for-profit firm licensed by the USDA to invest in businesses that otherwise might not have the capital to increase business opportunities. The USDA traditionally has offered guaranteed loans or direct loans for rural businesses.
Democrats are split between environmentalists and business and labor groups, with the proposed Canada- to- Texas oil pipeline a major wedge.
An indefinite extension of the government's review of the contentious oil pipeline, announced late Friday by the State Department, almost certainly pushes a final decision past the November elections, keeping the project in a politically expedient holding pattern.
WASHINGTON, April 18- The U.S. government launched on Friday a probe into allegations that cheap imports of Mexican sugar are causing nearly $1 billion in damages in the local market, even as the Mexican representatives made a formal rebuttal of the accusations.
President Barack Obama has said he will have the final say on whether to allow the pipeline connecting Canada's oil sands region to Texas refiners, and several government agencies had been given until May to weigh in.
WASHINGTON, April 18- Mexican sugar imports are no threat to the profitable, "well-heeled" and protected U.S. sugar industry, Mexican producers said on Friday, rebuffing accusations that super-cheap imported sugar risks nearly $1 billion damage to the local industry.
In a surprise announcement Friday as Washington was winding down for Easter, the State Department said federal agencies will have more time to weigh in on the politically fraught decision— but declined to say how much longer.
NEW YORK— Independent power producer Calpine said Friday will sell six power plants in the Southeast to LS Power for $1.57 billion.
*BP pays billions in compensation but some claims still unpaid. April 18- Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.
WASHINGTON— A former BP employee who was a coordinator during the 2010 oil spill in the Gulf of Mexico has agreed to settle federal charges of using confidential information on the seriousness of the spill to profit illegally from trading in BP stock.
WASHINGTON— President Barack Obama's full-throated defense of his health care overhaul seems perfectly timed for Democrats who want their party to embrace the law more enthusiastically. At a White House news conference Thursday, Obama noted that health insurance enrollments under the new law are higher than expected, and costs are lower.
Activists in one Senate race are doing just that. And the Congressional Budget Office— the government's fiscal scorekeeper— said it expects only a minimal increase in customers' costs for 2015. Over the next decade, CBO said the new law will cost taxpayers $100 billion less than previously estimated.
CHARLESTON, W.Va.— Scrapping to keep a West Virginia Senate seat Democratic in a state that's sprinted to the right, Natalie Tennant is counting on her allegiance to the coal industry to separate herself from an unpopular President Barack Obama. Mary Landrieu is vying for a fourth term representing Louisiana; Alaska Sen.
But Congress will have to act fast. Foxx's warnings this week echo ones by President Barack Obama, who cautioned in February that unless Congress finished a bill by summer's end then "we could see construction projects stop in their tracks."
The senator says she battles for oil and gas jobs, even if that means defying President Barack Obama.
SEATTLE— About 4,500 calls failed to get through during a six-hour Washington state 911 outage last week, CenturyLink said Monday. The problem did not involve the computer bug known as "Heartbleed," nor any malfunction in CenturyLink's network, the Monroe, La., company said in a statement.