Where to fight BP oil spill battle?
As BP's rivals count the cost of a ban on offshore drilling, the tide of lawsuits arising from the oil spill in the Gulf of Mexico has washed up in a federal courtroom in Idaho. ...
Spain Nearing Accord With Solar Producers on Reducing Subsidies
The Spanish government and solar power producers are moving toward an agreement aimed at reducing subsidies to the industry and reining in electricity prices without damaging the country’s renewable energy industry. ...
Czechs Won’t Commit to Euro Adoption Date
The new Czech government, in office for less than a month, won’t commit to a target date for joining the euro, even as exporters suffer from the strengthening koruna, Prime Minister Petr Necas said. ...
MetLife Swings to Profit on Revenue, Derivative Gains
MetLife Inc., the biggest U.S. life insurer, swung to a second-quarter profit as revenue rose and the company booked an investment gain on derivatives. The stock advanced 2.8 percent in extended New York trading. ...
Coinstar Falls After DVD Revenue Misses Analysts’ Estimates
Coinstar Inc., owner of the Redbox movie-rental kiosks, fell in extended trading after second- quarter DVD revenue missed some analysts’ estimates. ...
Corey does Kerrang! – he’s ‘desperate’
Slipknot's Corey Taylor says he has hope for the rock scene, based on the large number of new bands nominated for the Kerrang! Awards. ...
U.S. Nuclear Projects Tied Up Awaiting Federal Loan Guarantees
The so-called nuclear renaissance that was supposed to boost U.S. capacity to generate emissions- free power may stall as developers await decisions from the Obama administration on federal aid. ...
Citigroup agrees $75m fraud fine
Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages. ...
Iceland’s Outlook Revised to Negative by Moody’s on Bank Ruling
Iceland’s Baa3 sovereign rating outlook was revised to negative by Moody’s Investors Service after a ruling last month made banks liable for foreign currency losses on some loans. ...
30-year bond yield at 1-month high
Longer-dated Treasury prices turned lower Thursday, with the 30-year yield spiking to a one-month high, as investors took in a better-than-expected report on jobless claims and prepared an auction of government debt later in the day. ...
Ex-Alabama County Official Sentenced to 10 Years for Bribery
A former Jefferson County, Alabama, commissioner was sentenced to 10 years in prison for accepting bribes from an engineering firm that worked on a $3 billion sewer system that nearly bankrupted the county. ...
BP Drilling Ban Would Cost U.S. Jobs, Company Says
BP Plc objected to legislation that would bar the oil company from operating new drilling leases in U.S. waters, saying it could trigger job losses and threaten the nation’s energy security. ...
Euro Rises to $1.31 for First Time Since May on Economic View
The euro climbed to $1.31 for the first time in almost three months as European confidence in the economic outlook rose to the highest level in more than two years this month and German unemployment decreased. ...
Mkt gains on good monsoon prospects
The BSE Sensex eked out a 0.2% gain on Thursday in choppy trade, with investors mostly adjusting positions on the last day of monthly derivatives contracts on the National Stock Exchange (NSE). ...
In Arizona, What’s Left of Immigration Law May Be Enough to Aid Cause
Supporters of Arizona's immigration law, who were dealt a blow this week when a federal judge blocked major parts of the law before it took effect Thursday, are still heartened by what's left of the legislation that may bolster the enforcement of feder... ...