Nine years after the hurricane, federal auditors were still examining the misuse of hundreds of millions of relief dollars. The Fiscal Times reports.» 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.
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.
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.
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.
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.
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.
LONDON, Sept 12- On Tuesday this week base metals prices tumbled. Shanghai traders led the bear charge, which spilled over into London, where the subsequent sell-off was accelerated by technical traders of all shapes and sizes.
We refer to it in the business as the first mile or the last mile whether it's an import or an export, " U.S. Department of Transportation Maritime Administrator Paul Jaenichen said while visiting the South Carolina Ports Authority. The Federal Maritime Commission begins a series of meetings in Los Angeles next week to discuss the problem with industry leaders.
NEW YORK— If you can't get to London in time to catch Gillian Anderson is constant motion onstage in "A Streetcar Named Desire," her orbit is about to get larger.
Maritime Commission Chairman Mario Cordero, Panama Canal Authority Administrator Jorge Quijano and Gov. Nikki Haley were among those who spoke before the South Carolina International Trade Conference. A second is set for Baltimore next month with a later session to be held in the Southeast, perhaps in Charleston, and in New Orleans.
NEW YORK, Sept 5- A U.S. court ruling that dramatically ramped up BP Plc's potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other industries like mining and nuclear power generation.
LONDON, Sept 5- BP should be able to meet the cost of up to $18 billion of new fines for the 2010 Gulf of Mexico oil spill without major asset sales or a big cut in its dividend, analysts say.
*BP to appeal ruling over blame for disaster. *BP shares fall 5 percent in U.S. trading.
*BP shares fall 5 percent in U.S. trading. HOUSTON, Sept 4- BP Plc was "grossly negligent" for its role in the oil spill in the Gulf of Mexico four years ago, a U.S. district judge said on Thursday in a ruling that could add billions of dollars in fines to the more than $42 billion in charges taken so far for the worst offshore disaster in U.S. history.
HOUSTON, Sept 2- BP Plc asked a U.S. court on Tuesday to fire the court-appointed lawyer tasked with paying out compensation to people affected by the 2010 Gulf of Mexico oil spill, saying the lawyer had not disclosed an alleged conflict of interest before taking the job. "In order to restore the integrity of the claims program, the court should replace him," BP said.
Sept 2- Halliburton Co, North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in 2010.. The settlement, which includes legal fees, is subject to approval by the U.S. District Court for the Eastern District of Louisiana, Halliburton said.
At a dinner for media, McDonald's offered fine cuisine dishes as part of a campaign to shake its reputation for serving cheap, unhealthy food.
LONDON, Aug 15- The bears are massing in the London copper market. On the London Metal Exchange benchmark three-month metal has this week tumbled out of its tight $6,950- 7,200 per tonne range to hit a two-month low of $6,821 on Thursday.
SYDNEY, Aug 12- London copper steadied on Tuesday not far from six-week lows, as worries eased over geopolitical tensions in Iraq and Ukraine that could hold back global growth and dent the demand outlook for metals.