Monthly Archives: January 2013

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

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.  More »

Owner of O2 arena in bidders’ sights

AEG’s assets include the Staples Center in Los Angeles and stakes in US sports groups, including the Los Angeles Lakers basketball team  More »

Hagel grilled by angry Republicans

John McCain led the clashes in a day-long interrogation of the nominee for defence secretary by the Senate Armed Services Committee  More »

US challenges AB InBev’s Modelo deal

The justice department said a merger between AB InBev and Grupo Modelo could raise prices, causing billions of dollars of harm to US consumers  More »

Lawmakers ask Obama to halt seismic surveys along East Coast

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.  More »

Barclays in Qatar loan probe

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  More »

Rally stalls after US economy shrinks

Markets ease gently after an unexpected fall in US fourth-quarter GDP provides excuse for profit-taking after recent rally  More »

US banks squeezed as mortgage profits hit

The spread between what it costs lenders to fund mortgages and what they charge borrowers has halved since a record set in September  More »

EPA adds to controversial biofuel mandate

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.  More »

Wasendorf jailed for 50 years for fraud

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  More »

China’s workers to endure unhappy new year

The austerity drive of the Chinese leadership has led government departments to cancel or radically scale back new year festivities this year  More »

Syria lashes out over Israeli strike

Diplomats and military analysts have played down the risk of retaliation from either Bashar al-Assad’s embattled regime or its regional ally Hizbollah  More »

Report: Transformation in U.S. power supply breeds new challenges

A jump in natural gas usage combined with big gains in energy efficiency have helped the United States make strides in cutting emissions over the past five years, according to a report released Thursday.  More »

Gun makers’ margins caught in crosshairs

The assault weapons that the US gun control lobby is seeking to ban are the most profitable products for both gun makers and dealers  More »

Rajoy drawn into corruption scandal

Spain’s prime minister denies receiving secret payments as newspaper publishes what it claims are accounts showing kickbacks to ruling party leaders  More »
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