It's time for the Lightning Round. Cramer makes the call on viewer favorites.» Read More
Exxon Mobil’s ambitions in Russia appear to have been dashed, at least until the Ukraine crisis is resolved. The NYT reports.
*BP to appeal ruling over blame for disaster. *BP shares fall 5 percent in U.S. trading.
*BP shares fall 5 percent in U.S. trading. HOUSTON, Sept 4- BP Plc was "grossly negligent" for its role in the oil spill in the Gulf of Mexico four years ago, a U.S. district judge said on Thursday in a ruling that could add billions of dollars in fines to the more than $42 billion in charges taken so far for the worst offshore disaster in U.S. history.
HOUSTON, Sept 4- A federal judge has found oil giant BP Plc "grossly negligent" for its role in the 2010 spill in the Gulf of Mexico, a ruling that could add billions of dollars in fines to the more than $42 billion in charges taken so far for the worst offshore disaster in U.S. history. Shares of BP traded in the United States fell 5 percent, or $2.40, to $45.31.
The massive 2010 spill in the U.S. Gulf Coast was a result of "gross negligence and reckless" conduct by BP and other oil producers, a court ruled.
HOUSTON, Sept 2- BP Plc asked a U.S. court on Tuesday to fire the court-appointed lawyer tasked with paying out compensation to people affected by the 2010 Gulf of Mexico oil spill, saying the lawyer had not disclosed an alleged conflict of interest before taking the job. "In order to restore the integrity of the claims program, the court should replace him," BP said.
Sept 2- Halliburton Co, North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in 2010.. The settlement, which includes legal fees, is subject to approval by the U.S. District Court for the Eastern District of Louisiana, Halliburton said.
Some of Tuesday's midday movers:
Dollar General sweetens Family Dollar bid, may go hostile. Dollar General Corp raises its bid for Family Dollar Stores Inc to $9.1 billion, and warns it may turn hostile and appeal directly to shareholders if the new offer is rejected.
Halliburton reached a settlement for claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010, FT reports.
Sept 2- Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.. The settlement, which includes legal fees, is subject to approval by the U.S. District Court for the Eastern District of Louisiana.
China is letting U.S. firms play a bigger role in the industry in exchange for their U.S. expertise, says Oilprice.com.
LONDON, Aug 6- The U.S. economy continues to recover from the depths of the Great Recession, although its speed, trajectory and cruising altitude remain the subject of fierce debate. Instead, companies have chosen to dip into their collective $1.8 trillion pile of cash to re-hire workers, fund merger and acquisitions activity or buy back their own shares.
Aug 6- Investors have wasted no time making high-frequency trading, the subject of Michael Lewis' recent best-selling book "Flash Boys: A Wall Street Revolt," a focus of securities class-action litigation, according to a study released on Wednesday.
Stocks fell sharply Tuesday, with traders citing uncertainty about Ukraine and concerns of higher interest rates.
The downing of MH17 and tougher sanctions against Russia are pushing multinational energy companies to take a fresh look at the results of the crisis.
LONDON, July 30- U.S. and European companies dominate the global market in oil exploration and production, especially projects requiring complex engineering and reservoir management, but they will face increasing competition from China over the next decade.
NEW YORK, July 21- Major global stock markets fell and bond prices rallied on Monday as worries over conflicts in the Gaza Strip and Ukraine raised uncertainty for investors and kept them away from riskier assets.
Stocks declined Monday as global disapproval of Russia increased after the downing of a passenger plane in Ukraine.
The "Fast Money" traders share their final trades of the day.