Firefighters belonging to the Tacubaya sector and workers dig for survivors after an explosion at an adjacent building to the executive tower of Mexico's state-owned oil company PEMEX, in Mexico City, Thursday Jan. 31, 2013. A large explosion occurred in the lower floors of the building and dozens have been reported injured so far. (AP Photo/Guillermo Gutierrez)

At least 25 dead, 100 injured in Mexico oil company blast

on
An explosion at the main headquarters of Petroleos Mexicanos, or Pemex, also damaged three floors of the building, sending hundreds into the streets and a large plume of smoke over the skyline.

Owner of O2 arena in bidders’ sights

on
AEG’s assets include the Staples Center in Los Angeles and stakes in US sports groups, including the Los Angeles Lakers basketball team
Categories: Uncategorized

Hagel grilled by angry Republicans

on
John McCain led the clashes in a day-long interrogation of the nominee for defence secretary by the Senate Armed Services Committee
Categories: Uncategorized

US challenges AB InBev’s Modelo deal

on
The justice department said a merger between AB InBev and Grupo Modelo could raise prices, causing billions of dollars of harm to US consumers
Categories: Uncategorized
Jim Holl, a geoscientist, interprets seismic data. (E. Joe Deering/Chronicle).

Lawmakers ask Obama to halt seismic surveys along East Coast

on
Northeast lawmakers are asking the Obama administration to abandon a plan to allow energy companies to conduct seismic research to identify hidden pockets of potential oil and gas along the Atlantic Coast. The Interior Department is on track to make a decision about allowing those seismic surveys as early as March.

Barclays in Qatar loan probe

on
Allegation that borrowed money was to be invested in the bank as part of cash call in 2008, which if confirmed, could contravene market regulations
Categories: Uncategorized

Rally stalls after US economy shrinks

on
Markets ease gently after an unexpected fall in US fourth-quarter GDP provides excuse for profit-taking after recent rally
Categories: Uncategorized

US banks squeezed as mortgage profits hit

on
The spread between what it costs lenders to fund mortgages and what they charge borrowers has halved since a record set in September
Categories: Uncategorized
Cellulosic ethanol is made from switchgrass and other nonfood products. (AP Photo/Noble Foundation)

EPA adds to controversial biofuel mandate

on
A week after a federal appeals court rejected government mandates that refineries buy millions of gallons alternative fuel that is not commercially available, the U.S. Environmental Protection Agency said it plans to require companies to buy even more of it this year.
Categories: Biofuels

Wasendorf jailed for 50 years for fraud

on
Peregrine’s ex-head had pleaded guilty to one count of mail fraud, one count of embezzlement of customer funds and two counts of lying to regulators
Categories: Uncategorized