FLORIDA

IBTimes Logo

Storm threat to oil spill efforts

The first named storm of the Atlantic hurricane season was on track on Saturday to reach the Gulf of Mexico within days, a potential threat to containment and cleanup of the worst ever U.S. oil spill.

Storm a new twist for U.S. oil spill cleanup effort

IBTimes Logo
President Barack Obama was expected to focus on the Gulf of Mexico oil spill disaster in talks on Saturday with Britain's new leader, even as the first named storm of the Atlantic hurricane season threatened to disrupt containment and cleanup efforts.
More news
IBTimes Logo

BP survives Washington week as investors weigh finances

BP Plc bosses weathered a week of anger in Washington but the energy giant's financial outlook faces renewed scrutiny from investors trying to gauge remaining costs and risks from the biggest oil spill in U.S. history.
IBTimes Logo

Web.com to buy Register.com for $135 million

Web.com Group Inc said it agreed to acquire privately-held domain name registration provider Register.com for $135 million, in a deal that will immediately add to the online marketing company's adjusted earnings.
IBTimes Logo

Spirit Air cancels more flights

A pilots' strike at Spirit Airlines prompted the carrier on Monday to extend flight cancellations through mid-week, with shares of rivals moving higher on prospects of more business.
IBTimes Logo

Pilots strike at Spirit Airlines

Pilots at Spirit Airlines went on strike on Saturday after U.S.-mediated contract talks failed to reach an agreement, a small-carrier stalemate that could influence workers at bigger carriers.
IBTimes Logo

Goldman's CDO woes mean dollar signs for lawyers

Goldman Sachs Group Inc's mounting legal and regulatory woes stemming from the firm's sale of subprime mortgage-linked securities are turning into gold for a growing number of lawyers in New York and Washington.
IBTimes Logo

Europe and jobs keep stocks' anxiety high

U.S. stocks could face further pressure next week unless investors get some relief from worries about Europe, jobs and the toll they might take on the economic recovery.
IBTimes Logo

Robert Redford attacks big oil, politics on spill

Actor and environmentalist Robert Redford has weighed in on the U.S. oil spill crisis, condemning efforts by major energy companies to promote their environmental credentials and use their money to influence their parrots in Congress.
IBTimes Logo

Correction: Robert Redford attacks big oil, politics on spill

(Corrects title of NRDC in paragraph 2)Actor and environmentalist Robert Redford has weighed in on the U.S. oil spill crisis, condemning efforts by major energy companies to promote their environmental credentials and use their money to influence their parrots in Congress.
IBTimes Logo

Snag slows BP bid to curb spill

BP Plc hit a snag in its latest effort to curb the Gulf of Mexico oil spill as the British energy giant's shares stabilized on Wednesday and parts of the huge oil slick threatened Florida.
IBTimes Logo

BP tries again to curb oil spill

BP Plc hit a snag in its latest effort to curb the Gulf of Mexico oil spill as the British energy giant's shares stabilized on Wednesday and parts of the huge oil slick reached neighboring states.
IBTimes Logo

Obama to meet spill probe leaders as oil heads north

President Barack Obama will meet with the leaders of a panel he created to probe the worst oil spill in U.S. history on Tuesday, as a giant slick from BP's blown-out Gulf of Mexico well poses a new threat to the coasts of Mississippi and Alabama.
IBTimes Logo

Gulf oil spill threat widens

Oil from BP's out-of-control Gulf of Mexico oil spill could threaten the Mississippi and Alabama coasts this week, U.S. forecasters said on Monday, as public anger surged over the country's worst environmental disaster.
IBTimes Logo

Losses to continue at Fannie and Freddie: regulator

U.S. mortgage finance enterprises Fannie Mae and Freddie Mac , seized by the government during the financial crisis, will continue to sustain losses on mortgages as house prices drop, their regulator said in testimony made public on Tuesday.
IBTimes Logo

Oil spill clean-up cost climbs to $760 million

British Petroleum (BP) on Monday said the cost of cleaning up the mammoth Gulf of Mexico oil spill had hit around $760 million so far. In a statement issued here, the oil giant said it was too early to put a figure on the ultimate bill as lawsuits continue to flood in and as cash was pumped in to efforts to halt the leak and minimize the environmental toll.
IBTimes Logo

GE CEO expects word on dividend rise this year

General Electric Co expects to tell shareholders by the end of this year it is ready to raise its dividend as well as resume share buybacks, and return to profit growth in 2010, its CEO said.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.