Daily Archives: January 2, 2013

Salvage crew inspects grounded Arctic drilling rig

Coast Guard officials were taking advantage of a break in fierce winds and high seas on Wednesday to send surveillance flights and a salvage crew to the scene of Shell’s grounded Arctic drilling rig.  More »

Clinton released from New York hospital

US secretary of state is ‘making good progress on all fronts’ four days after doctors discovered a bloodclot in her head linked to a concussion  More »

Christie spurs House to vote on Sandy aid

Governor of New Jersey was one a number of Republicans who chastised the party’s leaders in the House for allowing a $60bn relief package to expire  More »

Cliff deal lifts markets but strife looms

Monday’s rally triggered by the fiscal cliff deal may not last long, as the White House and Republicans position themselves for even greater confrontations  More »

Baker Hughes names Archana Deskus CIO

Deskus joins Baker Hughes after two years as chief information officer at Ingersoll Rand. She replaces Clif Triplett, who quietly stepped down recently.  More »

BofA raises lending after cuts

Chief expects company to overtake JPMorgan Chase in direct-to-consumer mortgage lending and be ‘more aggressive’ in loans to companies  More »

Tax truce spurs global risk rally

Global stocks jumped, with the S&P 500 posting its biggest one day in more than a year, as a relief rally swept risk assets higher in the wake of a cliff deal  More »

Oil price jumps as U.S. averts ‘fiscal cliff’

Benchmark crude for February delivery rose $1.30 to $93.12 a barrel  More »

Altivia Corp. ended 2012 with a $125 million deal

Houston-based Altivia Corp. is sold to Germany’s Brenntag for $125 million, but its chemical affiliate remains independant.  More »

Macau casinos end year on a high

Gaming revenues jump 19.6% to a monthly record in December but growth for the full year slows markedly as overall gross revenue hits $38bn  More »

Shell faces crucial test in the Arctic

Royal Dutch Shell is gearing up for a key test of its Arctic equipment this month as the oil major’s plans to drill off Alaska suffer fresh setbacks  More »

Buffett to build world’s largest photovoltaic solar project

In his latest renewable energy investment, Warren Buffett’s MidAmerican Energy Holdings Co. will spend up to $2.5 billion to build two solar projects in California.  More »

Feds fault Houston delay in Yellowstone oil spill

Houston pipeline controllers could have reduced the size of the 1,500-barrel spill by about two-thirds if they had isolated the rupture as soon as problems emerged, investigators say.  More »

Buffett gives solar a boost with $2.5bn deal

Warren Buffett’s energy group has given the renewables sector a boost in a move to spend up to $2.5bn on what could be the world’s biggest solar PV operation  More »

Fears grow over Chávez inauguration

Venezuela braced for constitutional crisis if president cannot be sworn in for fourth term and leading rivals embark on power struggle  More »
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