Media "hype" surrounding the BP oil spill is exacerbating the situation for Florida's tourist industry, said David Kong, president and CEO of Best Western, the world’s largest hotel chain.
Going green has made sense for many companies in the past years, and the proven benefit to the bottom line has begun to sink in gradually as companies battle tarnished reputations (BP, Goldman Sachs) and distrust in the marketplace. Suddenly, sustainability and going green are popular.
Stocks struggled to hold gains Tuesday after an early pop following comments from Fed Chairman Ben Bernanke.
Gold hit a record high above $1,250 an ounce on Tuesday as concern over Europe's economic outlook lifted risk aversion. Is there still room for investors? Richard Bernstein, CEO of Richard Bernstein Capital Management and a CNBC contributor, and Francisco Blanch, head of global commodity research at Bank of America Merrill Lynch Global Research, offered their insights.
President Obama said he wanted to know "whose a** to kick" over the Gulf of Mexico oil spill, adding to the pressure on energy giant BP as it sought to capture more of the leak from its gushing well. Do you think his words crossed the bounds of good taste, or were they appropriate under the circumstances? Share your opinion in our poll.
It seems unthinkable, even now, that the disastrous oil spill in the Gulf of Mexico could bring down the mighty BP. But investment bankers get paid to think the unthinkable — and that is just what they are doing. The New York times explains.
U.S. stock index futures struggled to find direction Tuesday, reversing earlier gains as European shares pushed lower and the euro lost early gains.
With no consensus among experts on how much oil is pouring from the wellhead, it is hard, if not impossible, to assess the containment cap’s effectiveness. The NYT reports.
Soured by last week's U.S. employment report, investors are heading to the high ground in an effort to avoid fall out from Europe.
Don’t trust a move higher, Cramer says, until these six problems are solved.
It's possible that the current oil leaking into the Gulf of Mexico could last a year, said oilman T. Boone Pickins, citing similar leaks.
A machine known as the Voraxial Separator uses force to pull apart oil and water that have mixed together and could be helpful in cleaning up the Gulf of Mexico spill.
As officials reported a gradual increase in the amount of oil being captured from a spewing wellhead at the bottom of the Gulf of Mexico on Monday, BP said it plans to replace the cap collecting the crude with a slightly bigger device next month.
Stocks fell sharply after a late selloff Monday after a report showed consumer credit rose slightly. Industrials, financials and tech were the weakest links.
Last week’s market turmoil may have rattled investors, but there are still buying opportunities for those looking to get into the market—though analysts differed on the best investments.
Traders are keeping a close eye on the S&P after it slipped to 1060 then bounced. What should you be watching, now?
It isn't a question of "if" the BP oil spill movie will be made, but when. Since I live in Hollywood, it is my duty to help with casting.
The euro fell below $1.19 for the first time in more than four years on Monday but recovered most of its losses as U.S. stocks rose slightly and strong German manufacturing data pushed investors to buy back the currency. Ashraf Laidi, chief market strategist at CMC Markets discussed his insights.
Stocks see-sawed Monday as investors were encouraged by strong German factory data but the market remained jittery.
BP is trying to defend its corporate image with a major ad campaign after causing the largest oil spill in US history. The campaign includes a TV commercial featuring BP CEO Tony Hayward apologizing for the environmental disaster and explaining to viewers what the company is doing to repair the damage. The campaign has been met with mostly criticism.