The shale gas revolution will be "very painful for many parts of the world," with the U.S. potentially the new swing producer, the head of BP told CNBC.» Read More
BP said Monday it was siphoning more than one-fifth of the oil that has been spewing into the Gulf for almost a month, as worries escalated that the ooze may reach a major ocean current that could carry it through the Florida Keys and up the East Coast.
Stocks wobbled Monday as investors weighed a slew of M&A activity against a disappointing Empire State manufacturing report and weak outlook from Lowe's.
U.S. stock index futures pointed to a lower Monday, as European debt has moved to the forefront on the list of Wall Street's concerns, and the euro has touched its lowest level in four years.
Technicians were gingerly moving joysticks to guide deep-sea robots and thread a 6-inch tube with a rubber stopper into the 21-inch pipe spewing oil from the ocean floor. That work continued Saturday morning for a second day.
BP Friday was attempting to insert a pipe to siphon oil from a blown out undersea oil well in the Gulf of Mexico and channel it to the surface, a company executive said.
The Dow ended sharply lower Friday as growing worries about Europe overshadowed encouraging economic data. Still, the blue-chip index ended up 2.3 percent for the week.
Stocks fell heavily Friday as worries over the growing European debt crisis trumped some encouraging U.S. economic data. Financials, materials and techs were the biggest decliners.
With stocks under pressure and the euro tumbling to 18-month lows on Friday, Warren Myers, CEO of Walter J. Dowd, and Art Cashin, director of floor operations at UBS, shared their market insights.
Stocks opened lower on Friday amid a fresh round of worries about the U.S. economic recovery. How should investors prepare their portfolios and what should they watch for? Art Hogan, global equity product director at Jefferies shared his insights.
Stocks continued to lose ground Friday as worries about the European debt crisis overshadowed somewhat encouraging US economic data.
The federal Minerals Management Service gave permission to dozens of oil companies to drill in the Gulf of Mexico without first getting required permits from another agency, the NYT reports.
Scientists and environmental groups are raising sharp questions about the size of the oil leak in the gulf, estimated at 5,000 barrels a day, declaring that the leak must be far larger. The NYT reports.
Cramer makes the call on viewers' favorite stocks.
It appears some of the energy companies called to Capital Hill may actually benefit from being grilled by lawmakers.
Over the past few years, the outlook from Cisco CEO John Chambers has been spot on. That combined with technical action makes the traders nervous.
The CBOE volatility index, widely considered the best gauge of fear in the market, is trading above 25 today. Is this volatility good for the market? James Hardesty, president, market strategist and chief economist at Hardesty Capital Management and David Hefty, CEO of Cornerstone Wealth Management shared their insights.
Public attitudes toward the economy have created ominous political problems for the Democratic Party and for Wall Street, according to the new NBC News/Wall Street Journal poll.
The Obama administration on Tuesday proposed breaking up the agency responsible for both policing the oil industry and acting as its partner in drilling activities, seeking to end a decades-old relationship between industry and government that has proved highly profitable — and some say too cozy — for both. The NYT explains.
Political patience is washing away for BP executives who can't stop a broken underwater well from spewing oil into the Gulf, where crews were trying the latest solution—submerging a second containment box designed to funnel the gusher to a waiting tanker.
The Obama administration is proposing splitting the agency that oversees offshore drilling in response to the Gulf Coast oil spill. The New York Times reports.