Halliburton Posts Q1 Loss Related to Gulf Oil Spill
Oil-services company Halliburton says it lost $18 million in the first quarter on litigation-related charges related to the 2010 Gulf of Mexico oil spill.
Halliburton
UBS Releases List of 14 Favorite Stocks
Stocks have soared to record levels this year, but one brokerage firm says there are still plenty of profits left to mine: UBS is out with a new list of 14 favorite stocks.
Midday Market Minute: BP, Gulf Coast Oil Spillers Face Day in Court
Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are scheduled to face their judge in court. The trial is set to start Monday in New Orleans before a federal judge, but a settlement is possible.
BP to Pay $4.5 Billion for Gulf Oil Spill; 2 Charged with Manslaughter
BP said Thursday that it will pay $4.5 billion in a settlement with the U.S. government over the massive 2010 oil spill and will plead guilty to felony counts related to the deaths of 11 workers and lying to Congress.
Pop Quiz: A Funny Money History of Vice Presidential Candidates
While the presidential candidates are the main event, they are often not as interesting as their running mates. With less of a need to cater to the center, vice presidential candidates can have more fun, be a bit more outrageous, occasionally make some waves financially.
BlackBerry Loses to Apple Again
You know things are going from bad to worse for BlackBerry farmer Research In Motion when some of the stodgiest companies on the planet start trading in their BlackBerry smartphones for shiny new iPhones. The most recent defector from RIM: Halliburton, the fuddy-duddy oil-field services giant that critics associate with the Deepwater Horizon oil spill disaster, Dick Cheney, and no-bid contracts in Iraq.
Why BP Will Never Be Great Again
BP has big problems, and not just because of the Gulf of Mexico oil spill and the $20 billion compensation fund it set up to pay the victims. The petro-giant has been missing Wall Street's profit targets lately, thanks to sloppy operations and a general trend toward lower gasoline consumption.
BP Oil Spill Panel Calls for Reforms, Stronger Oversight
Oil industry practices and government rules must be subjected to substantial reform to prevent future accidents similar to BP's Deepwater Horizon oil rig disaster in the Gulf of Mexico last April, said a report released Tuesday by the presidential panel probing the incident.
Oil Spill Investigator Says No Corners Cut
The lead investigator for the presidential panel's investigation of April's Deepwater Horizon oil-spill disaster that killed 11 workers refuted previous reports that the rig's majority owner BP Plc and contractor Halliburton Co. compromised safety by cutting corners during the rig's construction, the New York Times reported.
Feds: Halliburton Had Prior Knowledge of Unstable BP Well Cement
A federal commission investigating the BP Deepwater Horizon oil spill disaster, issued a scathing report today, saying BP and its cement contractor Halliburton knew that test results for the cement to be used as a plug for the bottom of the oil well showed the cement unstable.
Halliburton Earnings More Than Double
Oil services company Halliburton reported that its net income more than doubled in the third quarter as a surge in onshore North American natural gas activity offset the suspension of drilling in the Gulf of Mexico.
How Impartial Is BP's Report on Gulf of Mexico Explosion?
The role of BP lawyers in the company's report on the explosion in the Gulf of Mexico is casting doubts on the impartiality of the study.
Judge Keeps Heat on KBR, Halliburton Over Toxic Burn Pits
Halliburton and Kellogg, Brown and Root violated their contracts to safely dispose of waste in combat zones, and the toxins their burn pits released allegedly caused serious illnesses in U.S. soldiers. But will extenuating circumstances allow the military contractors to avoid punishment?