NEW YORK (Reuters) - U.S. bonds of oil giant BP are moving into the hands of distressed debt investors and hedge funds as pension and mutual funds dump the securities, market participants said on Wednesday.
WASHINGTON (Reuters) - Scientists geared up on Wednesday for a 12-day trip in the Gulf of Mexico with an undersea robot they hope will capture 3-D images of oil plumes from the BP spill.
WASHINGTON (Reuters) - Most Americans still support offshore drilling and believe it is critical to making the U.S. competitive, despite the growing oil spill along the Gulf coast, a new poll showed on Wednesday.
LONDON (Reuters) - Oil giant BP said it would not pay three quarters of dividends, significantly reduce its investment program and sell $10 billion of assets to fund a planned $20 billion fund to pay for its Gulf of Mexico oil spill.
WASHINGTON (Reuters) - U.S. President Barack Obama will meet key Republican and Democratic senators on June 23 to discuss a way forward for energy legislation currently stalled in the Senate, a White House aide said on Wednesday.
WASHINGTON (Reuters) - Under intense pressure from U.S. President Barack Obama, BP Plc said on Wednesday it will set up a $20 billion fund for damage claims from its huge Gulf of Mexico oil spill, sell assets and suspend dividend payments to shareholders.
Researchers want to develop solar cells with an efficiency of over 65 percent by means of nanotechnology. In Southern Europe and North Africa these new solar cells can generate a substantial portion of the European demand for electricity.
( University of Nevada, Reno ) After a succession of eight separate earthquake simulations, a 110-foot long, 200-ton concrete bridge model at the University of Nevada, Reno withstood a powerful jolting, three times the acceleration of the disastrous 1994 magnitude 6.9 Northridge,...
Tiger Is Asia’s First Low-Cost Carrier to Install IntuVue on A320 Aircraft PHOENIX, June 16, 2010 -- Honeywell (NYSE: HON) announced today that it will provide its full suite of safety avionics, including its advanced IntuVue™ 3-D weather radar, for Tiger Airways new A320 aircraft in a...
( University of Miami ) James M. Tien, distinguished professor, dean of the College of Engineering at the University of Miami and world-renowned researcher and educator, is being honored with the 2010 IEEE Richard M. Emberson Award. IEEE is the world's largest professional...
World's largest mobile phone maker warned that its earnings this year will be hit by tough competition from rivals in the smart phone market.
Company says it is looking into how a fake press release was sent out that falsely said President Barack Obama had ordered an investigation into its supply chain.
Catchall measure combining jobless aid for?long-term unemployed, aid to?state governments and?renewal of?popular tax breaks failed to muster even a majority in a test vote.
United Auto Workers union, struggling with declining membership and diminished wages, elected lawyer and longtime union negotiator Bob King?as its new president.
Federal Reserve says industrial production rose 1.2...