BP Oil Spill

Budget Battles

  • General Motors

    GM Facing New Probe by Federal Prosecutors

    By Emily Flitter and Aruna Viswanatha and BEN KLAYMAN, Reuters

    Federal prosecutors are examining whether General Motors is criminally liable for failing to properly disclose problems with some of its vehicles that were linked to 13 deaths and led to a recall...

  • <p>John O'Connell digs out the car of his girlfriend Katie Decourcelle, which was buried in the snow in Hoboken, New Jersey December 27, 2010. A blizzard pummeled the northeastern United States on Monday, dumping up to 29 inches of snow, disrupting air,

    Weather Is the Wild Card for Wall Street This Week

    By Patti Domm, CNBC

    With more cold and storms on the way, traders will be plowing through economic reports to see what impact winter weather could be having on the economy and, ultimately, on corporate profits. Fourth-...

  • Halliburton Guilty Plea Won't Clear Clouds Over Stock

    By Suzanne McGee, The Fiscal Times

    Big Oil’s biggest critics may be outraged by the details of Halliburton Co.’s (NYSE:HAL) plea agreement with the Justice Department, announced Thursday, but Wall Street seems to be focusing more on...

  • BP to Admit Crimes, Pay $4.5B for Gulf Oil Spill

    By Chris Baltimore and David Ingram, Reuters

    BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster that caused the worst offshore oil spill in the country's history, the company said...

  • Bolting Bovine Replaces Germany's Oracle Octopus

    By Reuters

    Could a runaway celebrity cow replace the late Paul the "oracle" octopus as the next animal with the ability to foretell the fortunes of Germany's national soccer team?

  • BP Challenges U.S. on Size of Oil Spill

    By Jonathan Stempel, Reuters

    BP has accused the U.S. government of withholding evidence that may show the 2010 Gulf of Mexico oil spill was smaller than federal officials claimed, a key issue in determining the oil company's...

  • BP Reaches $7.8 Billion Deal in Spill Suit

    By ANDREW LONGSTRETH, Reuters

    BP Plc has reached an estimated $7.8 billion deal with businesses suing over the massive 2010 Gulf of Mexico oil spill, the company said on Friday, but the oil giant still faces claims by the U.S...

  • Investors Aren’t Gushing Over BP’s Rebound...Yet

    By Suzanne McGee, The Fiscal Times

    What mattered when BP (BP) reported its earnings this week wasn’t what happened in the just-ended fourth quarter (pretty good news – it beat analysts’ earnings forecasts by a penny a share; revenue...

  • BP Settles with Maker of Failed Blowout Preventer

    By CAIN BURDEAU, Associated Press

    Cameron International, the maker of the Deepwater Horizon blowout preventer that failed to stop last year's massive oil spill in the Gulf of Mexico, has agreed to pay $250 million to BP under a legal...

  • BP, Anadarko Settle Gulf Disaster Claims

    By ROBERT BARR

    Anadarko Petroleum Co. has agreed to pay $4 billion to BP PLC as part of a settlement related to last year's Gulf of Mexico oil spill, adding weight to BP's contention that it was not solely...

  • BP Adopts New Safety Standards for Gulf Drilling

    By HARRY R. WEBER

    ATLANTA (AP) — A year after it capped its out-of-control well in the Gulf of Mexico, oil giant BP PLC said Friday it is taking new steps to improve the reliability of the cement used to seal its...

  • BP in Talks with Interior to Resume Drilling

    By STEVEN MUFSON, The Washington Post

    BP is in talks with the Interior Department about permits that would allow it to resume deep-water drilling in the Gulf of Mexico, according to two sources familiar with the discussions. The company...

  • BP Using Google To Manipulate Public Opinion

    By The Fiscal Times Staff

    BP is using paid search to influence public opinion as people search for information about the oil spill and its consequences.

  • Oil Spill Report Lays Much Blame on BP, Who Knew of Halliburton Weaknesses

    By STEVEN MUFSON, The Washington Post

    The chief counsel of the presidential oil spill commission has issued a final report laying considerable blame on BP for last year's disaster in the Gulf of Mexico. But he also points to flaws in...

  • Two Agencies to Oversee Offshore Drilling

    By DARRYL FEARS, The Washington Post

    The Obama administration continued to shake up the agency that oversees oil and natural gas drilling, announcing a plan Wednesday to create separate offices to promote energy development and enforce...