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
*Coming up: U.S. Factory orders for April at 1400 GMT. LONDON, June 3- Copper eased on Tuesday as investors worried about an expected settlement of a dispute in Indonesia that could restart concentrate exports and the impact of a probe at a top Chinese port that has halted shipments.
WASHINGTON/ NEW YORK, May 30- U.S. environmental regulators could throw a lifeline to the nation's ailing nuclear power fleet when they unveil landmark carbon pollution curbs next week, heeding calls from operators like Exelon Corp to acknowledge nuclear energy as a valuable way to reduce emissions.
WASHINGTON, May 28- BP Plc on Wednesday asked U.S. Supreme Court Justice Antonin Scalia to allow the company to avoid making payments to businesses demanding compensation for the 2010 Gulf of Mexico oil spill while litigation continues.
LONDON, May 28- Copper spreads on the London Metal Exchange tightened sharply last week as the market finally started reacting to the continued steady erosion of available stocks. A research note by Goldman Sachs, advising short position-holders to roll out of the front part of the curve, seems to have acted as a collective wake-up call.
One of the oldest galvanizers in the United States accused Goldman Sachs, JPMorgan Chase, the LME and metal warehouse operators of conspiring since 2010 to manipulate the U.S. zinc price.
In a filing on Friday, Duncan Galvanizing, one of the oldest galvanizers in the United States, accused Goldman Sachs Group Inc, JPMorgan Chase& Co, the LME and metal warehouse operators of conspiring since 2010 to manipulate the U.S. zinc price.
NEW YORK, May 20- Goldman Sachs has begun a formal process to sell the metals warehousing business it purchased four years ago, a spokesman said on Tuesday, disclosing the first definitive effort to shed the operation amid regulatory and political pressure.
You knew about the music and food already, but the tech industry might be in the process of shaking up the economy of New Orleans.
LONDON, May 13- The London Metal Exchange has just released the first of its promised new reports, detailing registered stocks by warehouse operator and the length of load-out queues at affected locations.
ST. PAUL, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota gives keynote address for a recognition event before the Council on Asian Pacific Minnesotans 2014 Asian Heritage Dinner.
BERLIN- WDR Europa Forum 2014 on "What kind of Europe do we want? Speakers:- German Chancellor Angela Merkel, EU Commission President Barroso, IMF Director Christine Lagarde, German Finance Minister Wolfgang Schaeuble, German Foreign Minister Frank-Walter Steinmeier, Hungarian Prime Minister Viktor Orban and European Parliament President Martin Schulz.
LONDON, May 7- Markets are fickle things. Now, however, metal bulls are shunning the zinc market, turning their attentions to nickel with its equally compelling story-line of mine shortfall after the January imposition of a ban on nickel ore exports by Indonesia.
PayPal said Saturday that Rakesh Agrawal has left following a series of late-night tweets that among other things, insulted other PayPal executives.
SAN FRANCISCO, May 3- PayPal, the payment processing arm of eBay Inc, said on Saturday that it parted ways with a recently-hired strategy executive after he posted a series of disparaging and at times indecipherable tweets. "Rakesh Agrawal is no longer with the company," PayPal said on Saturday in a Twitter message.
NEW YORK, April 24- Charles Schwab Corp has dropped a fight to require customers to waive their rights to participate in class action lawsuits, the company said on Thursday.
HOUSTON, April 22- The high-stakes penalty phase of BP's trial over its role in the 2010 U.S. Fines under the Clean Water Act could top $17 billion, an amount more than BP's profit in 2013, which after items was $13.4 billion.
*BP pays billions in compensation but some claims still unpaid. April 18- Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.
April 9- Hearst TV said on Wednesday it signed an agreement with Dish Network Corp ending a blackout that affected Dish subscribers who could not see programs from ABC, NBC and CBS broadcast affiliate stations in 25 markets. "We appreciate the support and patience of our viewers, advertisers and local communities served by our stations," Hearst said in a statement.
April 9- Dish Network Corp customers in 25 markets across the United States can no longer view programs from ABC, NBC and CBS broadcast affiliate stations due to an impasse between the satellite provider and Hearst Television. Hearst owns 29 local TV broadcast affiliate stations in 25 markets, including Baltimore, Boston and New Orleans.
LONDON, April 1- Oh dear! The British High Court judge found the LME's consultation on forcing its warehouse operators to link load-in and load-out rates was "legally unfair". Even the victor of the High Court case, Rusal, has little to crow about.