LEHMAN BROTHERS - RICHARD FULD: Under Mr. Fuld’s leadership at Lehman, the company underwrote more mortgage-backed securities in 2006-07 than any other firm. The housing market crash showed Lehman's exposure to these high-risk financial instruments and the firm began to lose money. Fuld refused offers to sell, and the Treasury Department did not engineer a rescue, as it did for another investment bank. Lehman's bankruptcy in late 2008 also ended Fuld's job. Code Pink protesters hold up signs as Fuld testifies at a House Oversight and Government Reform Committee hearing in October 2008.
New drilling technologies have contributed to exponential production gains for onshore oil and natural gas in the United States. The Gulf of Mexico is still giving up substantial amounts of oil, but some companies seem to be betting the biggest bonanza will be onshore.
Two former BP executives testified Wednesday about the effect of cost-cutting measures on BP's drilling operations before the 2010 oil well blowout in the Gulf of Mexico. It marks the third day of the Gulf oil spill trial designed to figure out how much BP and other companies are to blame for the spill.
The first criminal charges brought in the 2010 BP oil spill – against Kurt Mix, a former BP engineer – show that the government still seeks the answer to an essential question in the spill’s aftermath: Did BP tell the truth about what it knew about the size of the spill? At stake are billions in fines.
Apple earnings to beat consensus, one analyst says. Also of note: Gold's new high and closing arguments in Rajaratnam insider-trading trial.
Google earnings aren't just about numbers. New CEO Page will give his first conference call. Also of interest: Zipcar's Nascaq debut and key readings on inflation.
The cases of Charlie Sheen and Muammar Qaddafi underscore what analysts say: Media's role is to tell and sell, and not to assist with brand management.
Drilling shale to capture oil and gas is a technology that China, which burns a lot of coal, is eager to learn. That's why it's a partner in a south Texas 'fracking' project.
The BP spill in the Gulf of Mexico caused a public outcry and savaged BP's share price. Image repair won't be easy.
Robert Dudley BP CEO begins his new job on Friday. Thursday, Dudley was discussing what BP has and will become under his watch.