Daily Archives: January 14, 2013

Oil price jumps as Seaway pipeline launches

The Seaway expansion now carries the glut of oil at the Cushing, Okla. hub to Gulf Coast refineres, helping to lift prices of West Texas Intermediate crude. Forecasts of cold weather in the Northeast also are boosting crude.  More »

Judge gets sentence recommendation for BP

The report and recommendation were filed in federal court in New Orleans late Monday.  More »

Dell shares surge amid buyout hopes

US technology group’s stocks rise 13% despite concerns over likelihood of $21bn deal in present economic climate  More »

Lawyers trade accusations in fight over gas additive

The $700 million case against Citgo and ExxonMobil, accusing the companies of contaminating more than 40,000 wells in New Hampshire with the fuel additive MTBE, launched Monday with attorneys exchanging charges of nefarious legal moves.  More »

Gun lobby releases 3D shooting game app

The influential pro-gun lobby group releases an app that includes a 3D shooting game, stirring controversy as the country debates new gun regulation  More »

Federal judge delays ex-BP engineer’s trial

Kurt Mix’s trial was scheduled to start Feb. 25, but U.S. District Judge Stanwood Duval Jr. moved it to June 10.  More »

New year rally stalls as Wall Street dips

Global stocks started the week at a fresh 19-month high but the new year rally is struggling for traction despite a sharp rise in Shanghai  More »

JPMorgan under fire for ‘whale’ errors

Office of the Comptroller of the Currency criticises bank for risk management failures after multibillion-dollar loss on credit derivatives  More »

BlackRock to name new China chief

World’s largest asset manager hires former Goldman Sachs partner Wang Hsueh-ming amid moves by China to make its capital markets more investor-friendly  More »

Online activist’s death prompts call for reform

Social media channels and blogs erupted with a debate over who should have access to information and to what extent government prosecutors should police these online services  More »

New models take centre stage in Detroit

GM launches latest Chevrolet Corvette sports car, while Ford seeks to revive fortunes of Lincoln brand and Chrysler unveils new versions of the Jeep  More »

Junk bond prices point to return of bulls

With yields for US junk bonds now below 6%, investors are indicating they believe that the global economy is on a firmer footing  More »

IHS CERA: Market shifts for Canadian oil sands crude

The Gulf Coast is poised to be a major market for bitumen harvested from Canada’s oil sands, despite a surge of domestic crude extracted from North Dakota, Texas and other states, according to a report released Monday.  More »

Demand fears bruise Apple’s share price

Stocks fall to lowest point in a year, veering close to the $500 mark, after nervous shareholders react to reports of supply chain cutbacks  More »

Obama warns Republicans on debt limit

President says markets ‘could go haywire’. He adds that Republicans should not expect ‘ransom‘ of spending cuts for agreeing to increase ceiling  More »
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