Tag Wall Street

AP Business NewsBrief at 11:06 p.m. EDT

Jul18

BP, feds clash over reopening capped Gulf oil wellNEW ORLEANS (AP) – BP and the Obama administration offered significantly differing views Sunday on whether the capped Gulf of Mexico oil well will have to be reopened, a contradiction that may be an effort by the oil giant to avoid blame if crude starts spewing again. [...]

AP Business NewsBrief at 11:15 p.m. EDT

Jul18

BP, feds clash over reopening capped Gulf oil wellNEW ORLEANS (AP) – BP and the Obama administration offered significantly differing views Sunday on whether the capped Gulf of Mexico oil well will have to be reopened, a contradiction that may be an effort by the oil giant to avoid blame if crude starts spewing again. [...]

AP Business NewsBrief at 2:10 a.m. EDT

Jul18

Economists say recovery continues, but pace slowsNEW YORK (AP) – Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs, but the pace of growth has slowed, a new survey shows. The National Association for Business Economics said its latest survey, released Monday, [...]

AP Business NewsBrief at 2:17 a.m. EDT

Jul18

Economists say recovery continues, but pace slowsNEW YORK (AP) – Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs, but the pace of growth has slowed, a new survey shows. The National Association for Business Economics said its latest survey, released Monday, [...]

AP Business NewsBrief at 3:09 a.m. EDT

Jul18

RICO law made to combat Mafia used in BP lawsuitsMIAMI (AP) – Using a law originally enacted to combat the Mafia, attorneys are filing lawsuits accusing BP PLC and Transocean Ltd. of committing a longterm series of crimes by concealing flaws in deepwater drilling plans and lacking safeguards to contain a catastrophic Gulf of Mexico [...]

AP Business NewsBrief at 3:55 a.m. EDT

Jul18

Philips Q2 profits up on strong salesTHE HAGUE, Netherlands (AP) – Royal Philips Electronics NV, the world’s largest maker of lights, said Monday its second quarter profit rose sharply, thanks to strong sales at its lighting and consumer electronics divisions, particularly in emerging markets. Net profit was (EURO)262 million ($340 million), up from (EURO)45 million [...]

AP Business NewsBrief at 4:49 a.m. EDT

Jul18

Spill success marred by BP, government bickeringNEW ORLEANS (AP) – With a newly installed cap keeping oil from BP’s busted well out of the Gulf during a trial run, this weekend offered a chance for the oil company and government to gloat over their success. Instead, the two groups have been disagreeing over what to [...]

AP Business NewsBrief at 4:54 a.m. EDT

Jul18

Spill success marred by BP, government bickeringNEW ORLEANS (AP) – With a newly installed cap keeping oil from BP’s busted well out of the Gulf during a trial run, this weekend offered a chance for the oil company and government to gloat over their shared success – the first real victory in fighting the spill. [...]

AP Business NewsBrief at 5:39 a.m. EDT

Jul18

Spill success marred by BP, government bickeringNEW ORLEANS (AP) – A seep near the oil well that had been spewing into the Gulf of Mexico is adding a new twist to a disagreement between BP and the government over what to do next now that the oil has been capped. The government’s point man for [...]

AP Business NewsBrief at 5:49 a.m. EDT

Jul18

Seep near oil well prompts demand for BP monitorsNEW ORLEANS (AP) – A seep near the oil well that had been spewing into the Gulf of Mexico is adding a new twist to a disagreement between BP and the government over what to do next now that the oil has been capped. The government’s point [...]

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