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.
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The massive oil spill in the Gulf of Mexico has negatively impacted the shares of the companies involved. Will it have a direct effect on crude oil prices? Jason Gammel, managing director of research at Macquarie, and Fadel Gheit, managing director and senior analyst at Oppenheimer, offered CNBC their insights—and stock calls.
The surface area of a catastrophic Gulf of Mexico oil spill quickly tripled in size amid growing fears among experts that the slick could become vastly more devastating than expected.
Officials from BP have successfully tested a chemical that attaches itself to oil and weighs it down to the ocean floor, where there are natural forces that absorb the oil, CNBC has learned.
Spills, investigations, and reputational risk: Several companies in 3 different areas (energy, financials and coal) are experiencing problems Friday.
On the heels of the Napolitano press conference, in which the Homeland Secretary said the Deepwater Horizon spill in the Gulf of Mexico was of "national significance," energy stocks have come off their highs, and several are in negative territory.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Plus, get another drilling play from Cramer and his call on Caterpillar.
Better corporate profits and economic news could keep the market humming, as long as the slow fuse on the Greek debt situation doesn't end with a bang.
Considering the President just scolded the Street for pushing the nation into recession, why are financials inching higher?
Plus, get his latest on the drillers.
What follows is a roundup of corporate earnings reports for Monday, April 19.
The Dow pulled off a gain Monday as Goldman Sachs shares finished higher following news that the SEC vote to sue was close — raising doubt that the charges will stick. Citigroup jumped 7 percent after blowing past earnings forecasts.
Stocks pushed higher Monday after a sharper-than-expected rise in leading indicators and an earnings beat from Citigroup.
Negotiations over Greece's debt crisis have been delayed...because the airspaces have been closed due to the Iceland volcanic eruption. AND: Don't let the Goldman story, as important as it is for some financial firms, distract you from the main story: earnings are getting better.
U.S. stock index futures were lower ahead of the open Monday as investors were still reeling from Friday's news that the Securities and Exchange Commission charged Goldman Sachs with fraud, with banks leading European indexes lower.
Uncertainty surrounding Goldman Sachs will likely overshadow the positive news from dozens of major corporate earnings reports in the week ahead. Some analysts say the Goldman spacer fraud charges could be the event that will trigger a much anticipated stock market correction.