HOUSTON— In a story Aug. 21 about a new state park planned for southeast Texas, The Associated Press erroneously reported the amount of money from a BP and Transocean fund that was used to buy the land. Conservationists team up to buy Texas bayside ranch with $30 M from BP's 2010 oil spill fund.» Read More
As Capitol Hill wrestles with a bailout of the Big Three Detroit automakers, CNBC decided to look into the Senate representation of the U.S. automotive manufacturing base. What follows is a state-by-state compilation of auto plants:
Chrysler hopes to restart merger talks with General Motors if the government comes up with a bailout package for automakers, the Financial Times reported Thursday.
The results of Election Day served as a warning from your twentysomething employees and future recruits; America’s educated young—that they are increasingly cognizant of, and proactive about—the urgent need to address global warming.
If the US auto industry is to survive, it will have to undergo a major transformation—slashing operations, focusing on fewer models, shedding dealerships and making better cars, analysts say.
When it comes to sustainability, Dell is thinking big -- and small. And it's the big things that are paying off the most.
Like many companies, the Marriott International has a number of energy-saving, environmentally-friendly initiatives, but with 300 hotels, 300,000 employees and millions of guests around the world the company says it has "a real ability to educate and inspire" employees and customers alike.
Steven Strong, president of Solar Design Associates, recalls standing on the roof of the White House with President Jimmy Carter more than 30 years ago when Carter dedicated the first solar system there. He also remembers when the Reagan administration consigned that system to the dumpster. " “I made it a career goal to get solar back on the White House, " says strong. And he did.
United Auto Workers President Ron Gettelfinger said it is critical the Big 3 receive a financial aid package from Congress to avoid one or more of Detroit's auto makers from sliding into a Chapter 7 bankruptcy.
Democratic congressional leaders plan to begin work next week on a financial bailout for the troubled U.S. auto industry.
The government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones, a top Bush administration official said Wednesday.
The push for an auto industry bailout gained momentum as House Speaker Nancy Pelosi said she would bring the House back next week to approve "emergency and limited financial assistance" for the battered industry.
The automotive industry is pushing for an emergency government loan of at least $25 billion to fend off a cash crunch. This so-called bridge loan would be in addition to a $25 billion loan Congress approved in September for the industry. CNBC asked the insiders to weigh in.
General Motors' extremely distressed debt is an attractive investment as the automaker has several options to improve its liquidity and survive the economic downturn, according to credit analysts at JPMorgan.
The US government and mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.
Oil should be above $70 a barrel to encourage investment in increased production capacity and avoid creating future supply crises, Qatar's oil minister said on Monday.
Ford Motor's need for government assistance will depend on how rapidly the economy decelerates, but the company is not in immediate need of immediate help, CEO Alan Mulally told CNBC.
Democrats won a number of key seats in building a larger and more formidable majority in Congress.
Energy was a major issue in the U.S. presidential campaign after high gasoline prices added to consumer woes this year and candidates pledged to reduce America's dependence on foreign oil. Here is a look at the energy plan of President-elect Barack Obama.
Lower gas prices could provide a lift to what are otherwise predicted to be dismal U.S. holiday sales, but experts say it will take some time for consumers to feel confident enough about the troubled economy to resume spending.
U.S. oil demand in August was 975,000 barrels per day less than previously estimated and down 1.758 million bpd from a year earlier, with petroleum consumption at the lowest level for any month since December 2001, the Energy Information Administration said on Thursday.