A US judge said businesses won't have to give back millions of dollars in BP oil spill payouts.» Read More
HOUSTON, Sept 24- A U.S. judge has ruled that BP Plc cannot recoup what it says were inflated claims paid under a multi-billion dollar settlement program to compensate people hurt by the 2010 Gulf of Mexico oil spill, NOLA.com reported on Wednesday.
SINGAPORE, Sept 24- Singapore's Pavilion Energy said it had signed two long-term contracts to buy liquefied natural gas for trading and supply to Asia, adding to a previous contract as the state-owned firm seeks to become a global supplier.
LOS ANGELES— Colin Farrell and Vince Vaughn will star in the second season of HBO's "True Detective." Vince Vaughn co-stars as Frank, a criminal whose move into legitimate business is disrupted by a business partner's murder.
One construction company hundreds of miles from the coast received $13.2 million, but deserved $4.8 million at most, BP said. About 150 claimants should return a total of $185 million, and overpayments to the rest haven't been calculated, attorney Kevin Downey argued.
NEW YORK— A day after over 100,000 people marched to warn that climate change is destroying the Earth, more than 1,000 activists blocked parts of Broadway in Manhattan's financial district in a sit-in to protest what they see as corporate and economic institutions' role in the climate crisis.
HOUSTON, Sept 22- The fast-changing nature of crude oil flows in the Americas means only one of three Citgo refineries in the United States will generate keen interest among buyers as Venezuela's cash-strapped state-run PDVSA looks to sell its U.S. unit, and it may fetch less money than hoped, experts say.
In an increasingly common practice, assistants, consultants and other hospital employees are charging patients or their insurers hefty fees. NYT reports.
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."
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.
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.