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  • LONDON, Aug 14- You don't hear so much about the load-out queues in the London Metal Exchange's warehouse system these days. It's not that the queues to take delivery of aluminum from Detroit and Vlissingen have disappeared. As of the end of last month the waiting time at Detroit was still 328 days and that at the Dutch port 327 days.

  • The 5th U.S. Circuit Court of Appeals in New Orleans said the Federal Deposit Insurance Corporation could sue Deutsche Bank AG, Goldman Sachs Group Inc and Royal Bank of Scotland Group Plc for making false statements in selling $840 million in mortgage bonds to a failed Texas bank. The court ruled that a federal law passed in 1989 after the savings and loan crisis...

  • Aug 5- CBS Corp, owner of the most-watched U.S. CBS, home to shows such as "Madam Secretary", "Scorpion", and "NCIS: New Orleans, said revenue from affiliates and subscription fees jumped 28.3 percent in the second quarter ended June 30. CBS, in addition to its TV broadcast network, owns cable channels Showtime and CBS Sports Network, radio stations and the Simon& Schuster...

  • WASHINGTON, Aug 3- Dreams that a cap-and-trade market could become a force for lowering carbon emissions died in the U.S. Senate in 2010, scuttled by politics and a bad economy. Northeast and California that already have carbon markets by giving them credit for their early actions. "To understate it, there has been a reticence to discuss cap and trade policies in...

  • LONDON, Aug 3- Volatility has returned to zinc spreads on the London Metal Exchange. Things have quietened down a little today but there is plenty of potential for more fun and games on the nearby spreads ahead of Aug. 19, this month's third-Wednesday prime prompt date. The outright three-month price is still sliding, touching a low point of $1,882.50 this morning,...

  • WASHINGTON, July 31- The U.S. Environmental Protection Agency will unveil as soon as Monday the final version of a sweeping- and controversial- regulation to cut carbon emissions from the electricity sector. Among other things: The EPA is expected to push back the rule's start date by two years to 2022, according to a slide posted by the agency briefly on its...

  • WASHINGTON, July 31- The U.S. Environmental Protection Agency will unveil as soon as Monday the final version of a sweeping- and controversial- regulation to cut carbon emissions from the electricity sector. Among other things: The EPA is expected to push back the rule's start date by two years to 2022, according to a slide posted by the agency briefly on its...

  • LONDON, July 17- Whoever took all the lead out of the London Metal Exchange warehousing system in the second quarter has just been kind enough to return it. A total 50,475 tonnes of the heavy metal were placed on warrant in the South Korean port of Busan earlier this week. The International Lead and Zinc Study Group assesses lead as being in small 7,000- tonne...

  • NEW ORLEANS, July 14- Signal International will pay $20 million to settle lawsuits alleging fraud and labor trafficking by the Alabama oil rig repair company, which brought hundreds of Indian men to work on the Gulf Coast after Hurricane Katrina, attorneys for the plaintiffs said on Tuesday. "These workers have waited seven long years for justice," Jim Knoepp,...

  • NEW YORK/ LONDON/ HOUSTON, July 9- In early May, with its legal options dwindling and investors impatient, BP Plc saw a chance to negotiate what became a $18.7 billion settlement that ended five years of litigation over the worst offshore oil spill in U.S. history. An unexpected opportunity to secure a global deal that would wipe the slate clean of hundreds of claims...

  • HOUSTON, July 2- BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act...

  • HOUSTON, July 2- BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history. It also seeks to resolve environmental and economic damage claims by Louisiana, Mississippi, Alabama,...

  • July 2- BP has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico oil spill. PAVEL MOLCHANOV, ANALYST AT RAYMOND JAMES:. "The total amount-- $18.7 billion-- obviously is a massive payout, but it's spread over 15 to 18 years, making it quite manageable from a cash flow standpoint.

  • July 2- BP Plc has reached a comprehensive $18.7 billion settlement with the U.S. government and five states, a landmark deal that effectively ends years of litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico spill. Clean Water Act fines and natural resources damages, along with claims by Alabama, Florida, Louisiana,...

  • Colleges brace as top court weighs race in admissions Wednesday, 1 Jul 2015 | 10:35 AM ET
    The U.S. Supreme Court Building in Washington.

    After SCOTUS said it would revisit an affirmative action case, colleges expressed concerns about the potential costs of replacing diversity programs.

  • June 30- A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday. The 5th U.S. Circuit Court of Appeals in New Orleans agreed with a lower court judge's decision last June to throw out the defendant Kurt Mix's December 2013 conviction.

  • WASHINGTON, June 29- The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill. The high court left in place a June 2014 ruling by the New Orleans- based 5th U.S. Circuit Court of Appeals, which said the companies were liable for civil...

  • WASHINGTON, June 29- The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill.

  • June 18- The U.S. Department of Justice said on Thursday that 243 people have been arrested across the country, charged with submitting fake billing for Medicare, a government healthcare program, that totaled $712 million. The charges are based on a variety of alleged fraud schemes, the government said, including submitting claims to Medicare and Medicaid, the...

  • June 6- Three more tendons designed to link Chevron Corp's Big Foot deepwater oil project to the Gulf of Mexico seabed have sunk, escalating concerns about how long it will take for the project to start. Gulf of Mexico, to produce 75,000 barrels of oil and 25 million cubic feet of natural gas per day once it opens. The San Ramon, California- based company said it had set...