Nearly nine years later, the city of New Orleans is about 80 percent recovered from the devastating effects of Hurricane Katrina, Mayor Mitch Landrieu told CNBC on Friday.» Read More
LONDON, Jan 8- And the prize for the best-performing base metal in 2013 goes to... zinc! Three-month metal closed out Dec. 31 with a 12- month loss of "just" 1.2 percent. That was largely thanks to a strong rally which started in early December and swept the price up in a $250- per tonne arc to a 10- month high of $2,108 on Dec. 27.
BOSTON/ NEW YORK, Jan 3- A heavy snowfall and dangerously low temperatures gripped the northeastern United States on Friday, grounding flights, closing schools and government offices across the region and causing at least three deaths.
Dec 24- BP Plc has failed to persuade a federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.
LONDON/ NEW YORK, Dec 20- Someone has made a near billion-dollar bet on copper this week, virtually cornering the world's key stocks of the metal. The position was nominally worth up to $753 million.
WASHINGTON, Dec 16- The U.S. Interior Department will not be held in contempt over its actions in the aftermath of the 2010 Gulf of Mexico oil spill after the U.S. Supreme Court declined on Monday to review an appeals court ruling in the government's favor.
*Copper flips into backwardation, zinc also tight. LONDON, Dec 11- Copper rose for a fourth straight session on Wednesday to reach a fresh one-month high on the back of solid demand from top metals consumer China.
*Copper, zinc flip into backwardation. LONDON, Dec 11- Copper steadied on Wednesday near a one-month high hit the previous day after three sessions of gains on the back of solid demand from top metals consumer China.
*Copper, zinc flip into backwardation. LONDON, Dec 11- Copper was steady on Wednesday near a one-month high hit the previous day, stabilising after three sessions of gains on the back of solid demand from top metals consumer China.
SINGAPORE, Dec 11- London copper was holding near one-month highs on Wednesday, stalling after three sessions of gains but underpinned by a weaker dollar and steady buying from top consumer China. Copper prices have been buoyed by a shortfall in physical markets amid robust financing demand from China.
HOUSTON, Dec 10- The U.S. Gulf Coast region may see a rebirth in power trading as Entergy Corp and utilities in four states join the Midcontinent Independent System Operator, one of the world's largest grid operators and wholesale energy markets, later this month.
Dec 8- An experimental AbbVie Inc drug for leukemia controlled or eliminated signs of the disease in more than 80 percent of patients who had failed to benefit from previous treatments, an unprecedented finding that could spur use of the medicine for other cancers, researchers said.
Dec 8- A closely watched leukemia drug developed by Johnson& Johnson and Pharmacyclics Inc maintained its effectiveness in keeping the disease at bay for most patients, according to long-term follow-up data from a midstage study being presented at a major medical meeting.
LAS VEGAS, Dec 5- The London Metal Exchange asked a panel of U.S. judges on Thursday to assign a federal court in Manhattan to handle a series of antitrust lawsuits that allege the world's largest metal exchange, two of Wall Street's biggest banks and big commodity merchants conspired to raise the price of aluminum.
Dec 2- BP Plc won a legal reprieve in its effort to avoid payments to those whose losses were not traceable to the 2010 Gulf of Mexico oil spill, potentially sparing the oil company of extra costs. BP had agreed in 2012 to make payments to those who suffered economic losses as a result of the largest U.S. offshore oil spill.
*Dominated by big groups such as Goldman Sachs, Glencore. LONDON/ NEW YORK, Nov 21- Sweeping warehouse rule changes proposed by the London Metal Exchange will spur a resurgence of independent storage firms after several years of dominance by big groups such as Goldman Sachs and Glencore Xstrata.
LONDON/ NEW YORK, Nov 15- In the mid-1990s the London Metal Exchange was embroiled in a criminal investigation after the discovery that a trader- nicknamed Mr 5 Percent for the share of the world's copper he reputedly controlled- had spent years manipulating its systems to hoard copper and boost the price.
WASHINGTON, Nov 12- President Barack Obama on Tuesday named Timothy Massad, a lawyer who oversaw the U.S. government's $700 billion bank bailout program, as the next head of one of Wall Street's most powerful supervisors.
WASHINGTON, Nov 12- President Barack Obama plans to name Timothy Massad, a lawyer who earned his spurs at the country's bank bailout program, as the next head of the U.S. swaps regulator, according to a White House official.
WASHINGTON, Nov 12- President Barack Obama plans to name Timothy Massad as the next head of the U.S. swaps regulator, a White House official said, picking a lawyer who earned his spurs at the nation's bank bailout program.
NEW ORLEANS, Nov 8- A trip by President Barack Obama to the Port of New Orleans on Friday was an opportunity for him to focus on the economy and divert attention from the troubled launch of his signature healthcare insurance program.