Stocks rose on Wall Street Friday as the Standard & Poor's 500 index closed above 1,500 for the first time since the start of the Great Recession in 2007. Apple stock continued to decline, allowing Exxon Mobil to once again surpass the electronics giant as the world's most valuable publicly traded company
Transocean, Ltd., agreed Thursday to a $1.4 billion settlement with the US Department of Justice for its role in the 2010 Deepwater Horizon disaster. Compared to BP's $4.5 billion fine, Transocean may have avoided the brunt of the blame.
The Justice Department’s criminal settlement with BP gives their top executives a free pass — allowing the public to believe justice has been done, Reich writes.
Halliburton Co. has reached out to the National Guard for help in the search for a seven-inch radioactive rod used in the drilling of natural gas wells, according to Oilprice.com. Workers lost the device earlier this week in southwestern Texas.
While Bill Clinton will have a starring role at the Democratic National Convention this year, his Republican counterpart, George W. Bush, won't even speak at the RNC meeting as conservatives attempt to distance themselves from the Dubya.