Loren Steffy

Loren Steffy

Loren Steffy is the business columnist for the Houston Chronicle. His column appears in on Wednesdays, Fridays and Sundays. He is also the author of "Drowning in Oil: BP and the Reckless Pursuit of Profit," and "The Man Who Thought Like a Ship."

Steffy: Those left out of BP settlement

The proposed settlement between BP and business owners and others harmed by the Deepwater Horizon disaster is a big step in repairing the economic hardship unleashed by the oil spill, but it overlooks those most affected by the explosion that killed 11 men.  More »

Steffy: Little to brag about in El Paso deal

You can almost feel the collective shoulder shrug from El Paso shareholders.  More »

El Paso shareholders favor Kinder Morgan deal despite conflicts

El Paso Corp. delayed its special shareholders meeting to approve the company’s acquisition by Kinder Morgan until Friday, but the vote is already a forgone conclusion. Shareholders, it seems, are unfazed by the conflicts that a Delaware judge found in the deal.  More »

El Paso shareholders favor Kinder Morgan deal despite conflicts

El Paso Corp. delayed its special shareholders meeting to approve the company’s acquisition by Kinder Morgan until Friday, but the vote is already a forgone conclusion. Shareholders, it seems, are unfazed by the conflicts that a Delaware judge found in the deal.  More »

Chevy Volt sales stall over sticker shock

Guess what? $40,000 may be more than most drivers are willing to pay for a smallish sedan that only seats four people — if two of them are hobbits. That’s a lesson that General Motors is learning the hard way. GM said it expected to sell 10,000 Chevy Volts by the end of last year. Instead, it sold about 7,600.  More »

Steffy: BP settlement may raise questions for victims’ families

Business columnist Loren Steffy talks with Katherine Rodriquez, whose father died at BP’s Texas City refinery, about a tentative settlement over the Deepwater Horizon case.  More »

BP, plaintiffs in spill case reach settlement (Updated)

(Updates with comments from BP, details of the settlement.) Attorneys for BP reached a $7.8 billion settlement with attorneys for business owners and other individuals harmed by the Gulf oil spill of 2010, just days before the case was set for trial. BP said it expects to use money from the $20 billion claims fund [...]  More »

BP, plaintiffs in spill case reach settlement (Updated)

(Updates with comments from BP, details of the settlement.) Attorneys for BP reached a $7.8 billion settlement with attorneys for business owners and other individuals harmed by the Gulf oil spill of 2010, just days before the case was set for trial. BP said it expects to use money from the $20 billion claims fund [...]  More »

Steffy: BP fights to keep its past from creeping into court

With the trial over the Deepwater Horizon disaster looming, BP’s attorneys are moving strike any mention of the company’s long history of operating failures from court records.  More »

BP fights to keep its past from creeping into court

As the massive trial over the Deepwater Horizon disaster looms, BP is scrambling to strike any mention of its past problems from court records.  More »

Kinder Morgan’s El Paso acquisition may proceed, judge rules

A judge says he `reluctantly’ denied a shareholder challenge to the pipeline company deal to give shareholders a chance to vote on it for themselves.  More »

BP settlement talks collapse, sources say (Updated)

(Updates throughout with comments from attorneys and the Plaintiff Steering Committee.) Settlement talks have broken down  between BP and lawyers representing business owners and individuals affected by the Deepwater Horizon oil spill in 2010, people familiar with the negotiations said. Attorneys for both sides had been discussing an agreement that would settle thousands of claims [...]  More »
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