Companies listed on the New York Stock Exchange
Commission: BP, Transocean, Halliburton to Blame for Gulf Oil Spill
Last November, we reported on a commission appointed by the president to investigate the causes of last summer’s BP oil disaster. At the time, the commission said there was really no one to blame for the accident. However, the commission’s final findings contradict that early sentiment, saying the accident could have been avoided. In an […]
BP Fined $4.5 Billion Over 2010 Spill, the Largest Settlement in U.S. History
Oil giant British Petroleum has agreed to pay a record fine of $4.5 billion to settle criminal charges related to the 2010 Deepwater Horizon disaster. It’s the largest criminal penalty in U.S. history. Bloomberg News reporter Brian Swint is following the story in London. “This should cover criminal charges against BP as a company,” Swint explains. Though BP already made a partial settlement […]
Founder of McAfee in Hiding After Murder in the Caribbean
McAfee is wanted for questioning in connection with the apparent murder of his next-door neighbor on Sunday. From his hide-out, the British-born millionaire fugitive today contacted Josh Davis, a journalist with Wired, to again protest his innocence.
Top of the Hour: BP Sues Halliburton Over Gulf Oil Spill, Morning Headlines
BP is suing contractor Halliburton to assume all responsibility for for the 2010 Gulf of Mexico oil spill, the largest in U.S. history. The British oil company is suing its former partner, saying Halliburton failed to properly cement the well at the Deepwater Horizon rig. No dollar amount was given in the filing, but BP […]
Cash-Strapped Detroit Suspends Payment to Vendors
The city of Detroit has begun suspending payments to some of its vendors in order to be able to cover basic services and make payroll. If the city is not able to resolve its budget crisis on its own, the state is likely to appoint an emergency manager to restructure the city and rescue it from […]
Target Asks Employees to Cut Festivities Short
Thanksgiving typically conjures images of spending time with family, savoring long meals, and watching sports. For those working at the Target corporation this year, they will remain only images. The mega-chain store has just asked many of its employees to put on their work clothes at midnight on Thanksgiving night to prepare for Black Friday shopping. However, many […]