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 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.
SYDNEY, Aug 12- London copper skidded to within sight of its lowest since June on Tuesday, as concerns over geopolitical tensions in Iraq and Ukraine clouded the outlook for demand amid thin summer trade.
LONDON, Aug 11- Zinc bulls, and there are plenty, have just received another lesson in the perils of timing. One stand-out of the first Commitments of Traders report issued last week by the London Metal Exchange was the speculative positioning in the exchange's zinc contract.
*IMF flags China property sector risks. LONDON, July 31- Zinc lost ground on Thursday after inventories rose, highlighting an overhang of supplies that analysts say needs to be eroded before expected shortages kick in.
*IMF flags China property sector risks. LONDON, July 31- Zinc lost ground on Thursday from a three-year peak two days before after inventories rose, highlighting an overhang of supplies that need to be eroded before expected shortages kick in.
HOUSTON, July 29- A high-stakes dispute over a tanker carrying $100 million in Iraqi Kurdish crude took a surprising turn on Tuesday when a U.S. judge said she lacked jurisdiction given the ship's distance from the Texas shore and urged that the case be settled in Iraq.
LONDON, July 29- On the surface at least, much has changed in the London Metal Exchange warehousing business over the past year. The exchange has much more work to do if it wants to rectify a delivery system that has ruptured relations with some of its users and generated a spate of lawsuits in the United States.
July 15- A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP Plc employee retirement savings plans claimed they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster.
July 15- A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP Plc employee retirement savings plans alleged they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster.
Carbo Ceramics Inc, a Houston- based oil services company that is the world's largest producer of tiny ceramic balls that can boost the production of fractured wells, may hold the answer.
LONDON, July 1- Zinc's on a roll again. On the London Metal Exchange three-month zinc has this week hit a 16- month high of $2,222 per tonne, eclipsing a first-quarter rally which stalled just shy of the $2,150 mark.
NEW YORK, June 30- What would you do if you suddenly got $100,000, no strings attached? With $30 trillion set to change hands from one generation to the next over the next 30 years, many others will find themselves in a similar position, according to Accenture.