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  • NEW ORLEANS— A federal judge on Monday tossed out one of two pending charges against a former BP executive the federal government accuses of trying to hide the severity of the 2010 Gulf of Mexico oil spill. District Judge Kurt Engelhardt threw out a charge of obstruction of Congress against David Rainey, BP's former vice president of exploration for the Gulf of...

  • Battle over ownership of giant emerald may be over Friday, 29 May 2015 | 7:22 PM ET

    Los Angeles County Superior Court Judge Michael Johnson tentatively ruled on Thursday that FM Holdings Inc. had established clear title to the Brazilian gem, which has been appraised at $372 million. Unless other parties object, the ruling will become final, then a judgment will be submitted and Johnson will sign off on it, said Andrew J. Spielberger, an attorney...

  • SAO PAULO, May 29- Panama's Copa Airlines plans to expand its route network out of Latin America despite the challenges it currently faces in Brazil, the region's biggest market, the company's chief executive officer said on Friday. The carrier, a subsidiary of Copa Holdings SA, sees further potential in a business model built on linking small and mid-sized Latin...

  • Tidewater reports 4Q loss Wednesday, 27 May 2015 | 9:54 AM ET

    NEW ORLEANS _ Tidewater Inc. on Wednesday reported a fiscal fourth-quarter loss of $9.1 million, after reporting a profit in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. Four analysts surveyed by Zacks expected $361 million.

  • NEW ORLEANS— Appeals court won't lift hold on Obama's action that could protect millions from deportation.

  • COLUMN-LME zinc bulls get fooled again: Andy Home Tuesday, 26 May 2015 | 1:32 AM ET

    SINGAPORE, May 26- Appearances can be deceptive and never more so than when it comes to trading on the London Metal Exchange. Three-month metal was on a surge last month, powering up from a March low of $1,981.00 per tonne to an early May high of $2,404.50. Last week's delivery of 36,375 tonnes of zinc onto warrant at Johor in Malaysia blew away the tightness and sent...

  • Fire on coastal Louisiana oil platform extinguished Saturday, 23 May 2015 | 12:13 PM ET

    NEW ORLEANS— A fire that burned for more than a day on an oil production platform off Louisiana's coast was extinguished early Saturday, the Coast Guard said. It was reported out around 6 a.m. after firefighting crews boarded the platform, Petty Officer Carlos Vega said. The Coast Guard reported that a light sheen of oil near the site appeared to be dissipating and...

  • Chris Christie's administration has reached a deal to pay $7.6 million to a firm the state contracted to help handle applications for its Superstorm Sandy housing recovery program. The state Department of Community Affairs reached the agreement on Thursday with Hammerman and Gainer Inc., also called HGI, department spokeswoman Lisa Ryan said.

  • The oil pipeline leak that fouled a stretch of California coastline this week reflects a troubling trend in the nation's infrastructure: As U.S. oil production has soared, so has the number of pipeline accidents. "Tick, tick, tick," said Robert Bea, a professor emeritus in civil engineering at the University of California, Berkeley. Since 1995, there have been more...

  • NEW ORLEANS— Twenty-eight workers have been evacuated from an oil production platform that is on fire off Louisiana's coast. A Coast Guard news release says the fire was reported at 2:50 a.m. Friday near Breton Island, which is close to Louisiana's southeastern coast. The Coast Guard reported a light sheen of oil could be seen from the air along a more than...

  • Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.S. Coast Guard said. Fire-fighting crews worked to contain the fire on Friday near Breton Island, 50 miles offshore New Orleans, the Coast Guard said. It was unclear what caused the incident or how much oil leaked into the ocean, but the Coast Guard said it has...

  • The fire was still burning Friday evening, the Coast Guard and an environmentalist who flew over the site said. Workers were evacuated by an offshore supply vessel that reported the fire at 2:50 a.m. in state waters near Breton Island off Louisiana's southeastern coast, the Coast Guard said in a news release. Coast Guard officials later estimated the maximum...

  • A series of settlements in 2010 Gulf oil spill Wednesday, 20 May 2015 | 5:48 PM ET

    In a separate development, oil giant BP— which leased the rig from Transocean— reached settlements resolving years of complicated spill-related litigation with Transocean, and with contractor Halliburton, which did cement work on the rig before it exploded in April 2010. But Transocean and Halliburton also were found to have some responsibility.

  • NEW ORLEANS— A federal magistrate judge Wednesday rejected a company's bid to preserve the confidentiality of numerous emails and reports about its failed efforts to halt a decade-old Gulf of Mexico oil leak. The documents could be evidence in a lawsuit that a coalition of environmental groups, led by the New York City- based Waterkeeper Alliance, filed...

  • Scientists link dolphin deaths in Gulf to 2010 BP spill Wednesday, 20 May 2015 | 4:04 AM ET

    NEW ORLEANS— In a new study, a team of scientists says there's a definite link between the massive BP oil spill in 2010 and a record number of dolphin deaths along the northern Gulf of Mexico. The study involved federal scientists with the National Oceanic and Atmospheric Administration. "No feasible alternative causes remain that can reasonably explain the...

  • NEW YORK, May 18- CME Group Inc said on Monday it would launch a zinc futures contract next month, stepping up a global battle for metals market share with the London Metal Exchange amid expanding Asian markets. The statement did not explain JPMorgan's role in the zinc contract. "We're pleased that CME Group has responded swiftly and decisively to industry...

  • LONDON, May 13- The London Metal Exchange has announced another change in its warehousing rules to force a faster reduction in the load-out queues that have caused so much controversy in the aluminum market. Its new regime of linking load-in to load-out rates, LILO for short, is now in force, albeit after a near one-year delay caused by a failed legal challenge from...

  • LONDON, May 11- Investors are stampeding back into the London zinc market. On the London Metal Exchange, three-month metal has soared from under $2,000 per tonne in mid-March to last week's highs above $2,400 per tonne. Spreads have tightened as shorts scramble to cover positions in the face of a dominant long position controlling somewhere between 40 and 50...

  • May 8- A U.S. federal appeals court on Friday said BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill. The decision by the 5th U.S. Circuit Court of Appeals in New Orleans could help BP limit its payout to victims of the explosion of the Deepwater Horizon drilling...

  • REUTERS BUSINESS SCHEDULE AT 2000 GMT / 4:00 p.m. ET Sunday, 19 Apr 2015 | 4:50 PM ET

    ATHENS- Euro zone deputy finance ministers will meet midweek ahead of a Eurogroup finance ministers' gathering two days later, a Greek government official tells Reuters, as Athens and its creditors continue to seek a deal on reforms to unlock aid. BOJ's Kuroda says Japan inflation to' gradually accelerate' toward target. WAYZATA, Minn.- Bank of Japan Governor...