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 »
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