July 3- About 5,000 residents evacuated after the derailment of a freight train carrying flammable and toxic gas in eastern Tennessee were allowed home on Friday as investigators looked into the cause of the fiery accident. Authorities were examining the black box from the CSX Corp train that derailed with one tank car bursting into flames at midnight...» Read More
The glass is half full again in Toledo. The Ohio city once known as the glass-making capital of America is trying to forge a new identity as a solar-energy, green jobs metropolis of the future.
ExxonMobil said Monday it has completed an expansion of its natural gas processing capacity at a site in Colorado, allowing it to handle up to 200 million cubic feet of gas per day, double its current output.
Deutsche Bank unveiled a 70-foot tall carbon counter in New York City that tracks the amount of greenhouse gases in the atmosphere.
Exxon Mobil was ordered Monday to pay about $500 million in interest on punitive damages for the Exxon Valdez oil spill off Alaska, nearly doubling the payout to Alaska Natives, fishermen, business owners and others harmed by the 1989 disaster.
The leader of Canada's east coast province of Newfoundland has announced a tentative agreement to develop an offshore project estimated to contain 223 million barrels of oil.
Divers on Sunday began removing fuel from an oil field supply ship that sank in the Cook Inlet five months ago, but the work was soon halted when the inlet's extreme tides started rocking a vessel being used as a staging area.
Although GM and Chrysler’s bankruptcy may be playing into Ford Motor’s strong June numbers, "it’s really our products that are getting the best reviews they’ve ever gotten," said William Ford, executive chairman of Ford Motor in a live interview on CNBC.
The average price of a gallon of gasoline in the United States rose nearly 17 cents over the past two weeks as crude oil prices climbed to about $72 a barrel, according to an industry analyst.
Speculation that Airbus may have to ground its entire fleet of A330 aircraft due to safety fears is completely unfounded and the plane is among the world’s safest, Tom Enders, CEO of Airbus, told CNBC.
With auto sales in the doldrums, the House approved a plan Tuesday to provide vouchers of up to $4,500 for consumers who turn in their gas-guzzling cars and trucks for more fuel-efficient vehicles.
Edward Whitacre, former chairman and CEO of AT&T, will become chairman of General Motors when the company emerges from bankruptcy, said interim Chairman Kent Kresa Tuesday.
A Senate committee has approved opening the eastern Gulf of Mexico to oil and gas drilling within 10 miles (16 kilometers) of the Florida Panhandle and within 45 miles (72 kilometers) of the rest of the state's coastline.
Three Indiana state pension and construction funds want the Supreme Court to block Chrysler's sale to Fiat so they can pursue an appeal in hopes of getting a better deal.
Consumers should feel comfortable buying a General Motors car even as the automaker battles its way out of its stunning bankruptcy, company CEO Frederick "Fritz" Henderson told CNBC in a live interview Tuesday.
Some of the towns most threatened by GM's woes would not exist without the automaker. The company has been part of everyday life by contributing to orchestras, community colleges and ballparks.
Turnaround specialist Albert Koch is in for perhaps his biggest challenge yet as GM's chief restructuring officer. He'll be GM's primary representative while it is in bankruptcy court protection.
General Motors' bankruptcy filing on Monday comes at no surprise, said Bob Doll, BlackRock vice chairman.
AutoNation CEO Mike Jackson says buyers are coming to car showrooms, but the credit isn't there to make the sales.
Spot gasoline is dear. The market is screaming at the refiners to start processing gasoline and sell into the backwardation. Failure to take advantage today and the refiners run the risk of chasing the curve lower as we move out along the x-axis… not to mention they risk of the wrath of media savvy politicians should downstream inaction lead to higher prices at the pump for Americans through this summer and into hurricane season, writes Stephen Schork.
Investment is not economically plausible below $70 a barrel, OPEC’s Secretary General Abdalla El-Badri told CNBC Tuesday, ahead of Thursday's OPEC quarterly meeting in Vienna.