NEW YORK, Sept 15- A former trader at Amaranth Advisors who oversaw its energy desk when the hedge fund collapsed in 2006 has agreed to pay $750,000 to resolve a U.S. regulator's lawsuit accusing him of attempting to manipulate natural gas futures prices.» Read More
Officials weighing federal applications by utilities to build new coal-fired power plants cannot consider their greenhouse gas output, the head of the Environmental Protection Agency ruled late Thursday. Some environmentalists fear the decision will clear the way for the approval of several such plants in the last days of the Bush administration.
If even one of the Big Three goes bankrupt, many of the already struggling auto suppliers will fail, said Wilbur Ross, WL Ross & Co. chairman & CEO of the company.
Chrysler is nearing the minimum level of cash it needs to run the company and will have trouble paying bills after the first of the year, according to its chief financial officer.
Dan Genter at RNC Genter Capital Management said the bull market will return soon and it’s time for investors to start “brining their heads up out of the fox hole and start tiptoeing through the mine field” to buy into some sectors that have been beat up.
As President-elect Barack Obama considers how to curb the gases that contribute to global warming, Europe’s struggle with the problem illustrates the momentous task ahead for the United States.
Congress and the White House are hoping to reach a final deal Tuesday to provide $15 billion in loans to troubled U.S. automakers. CNBC asked market insiders and members of Congress to share their insight on a bailout for the industry.
With gas cheaper, mortgage rates coming down and a winter of cheaper heating bills to possibly look forward to, there might be reason for some holiday cheer.
Congress and the incoming administration may soon impose a mandate that the nation get 10 or 15 percent of its electricity from renewable sources, but the experience of states that have adopted similar goals suggests that passing that requirement could be a lot easier than achieving it, the New York Times reports.
The plan, the brainchild of the former Silicon Valley software executive Shai Agassi, is an attempt to overcome the major hurdles to electric cars.
Looking for a safe stock that will pay you to wait out this terrible market? Here's one.
This time, GM Chief Rick Wagoner will drive a company car to Washington instead of flying by corporate jet as he seeks a government bailout, a spokesman says.
Sales of many high-end luxury cars are bucking the trend of plummeting car sales, and their makers and industry watchers at the Los Angeles Auto Show this week are confident that they will weather the industry downturn just fine.
Tonight Jim interviews Andrew Littlefair, the CEO of Clean Energy Fuels, on whether natural gas fuels are still viable and what happened with his company.
As Capitol Hill wrestles with a bailout of the Big Three Detroit automakers, CNBC decided to look into the Senate representation of the U.S. automotive manufacturing base. What follows is a state-by-state compilation of auto plants:
Chrysler hopes to restart merger talks with General Motors if the government comes up with a bailout package for automakers, the Financial Times reported Thursday.
Given that the natural gas producers have pretty much been through the doomsday scenario, we need to shed some light on how things are doing now, and that means hearing from the person we admire more than anyone else in the industry.
United Auto Workers President Ron Gettelfinger said it is critical the Big 3 receive a financial aid package from Congress to avoid one or more of Detroit's auto makers from sliding into a Chapter 7 bankruptcy.
Cramer makes the call on viewers' favorite stocks.
Democratic congressional leaders plan to begin work next week on a financial bailout for the troubled U.S. auto industry.
The push for an auto industry bailout gained momentum as House Speaker Nancy Pelosi said she would bring the House back next week to approve "emergency and limited financial assistance" for the battered industry.