Environmental Economics (Free subscription) | 06/30/2009
The event arguably most responsible for launching John's and my careers (even though neither of us had a direct hand in it) may finally be settled (from the Washington Post): Oil giant Exxon Mobil Corp. has decided not to appeal hundreds of millions of dollars in interest on punitive damages...
People Daily (Free subscription) | 06/30/2009
Wall Street posted moderate gains Monday, as higher oil prices lifted energy producers. Crude rose to 71.49 U.S. dollars a barrel on the New York Mercantile Exchange after Nigerian militants partly shut down an offshore oil platform. Exxon Mobil Corp. and ConocoPhillips increased as crude prices climbed. J.C. Penney Co. gained nearly 3 percent after Morgan Stanley raised its recommendation for the...
Houston Chronicle (Free subscription) | 06/30/2009
Oil giant Exxon Mobil Corp. says it won’t appeal hundreds of millions of dollars in interest on punitive damages resulting from the 1989 Exxon Valdez oil spill.
What Really happened (Free subscription) | 06/25/2009
so let me understand this: we want to give the Private banks control of our economy, AND yet when they BUTT out, the stock market rises, UNREAL!!!!! June 25 (Bloomberg) -- U.S. stocks rose the most in three weeks as the Federal Reserve curtailed its intervention into financial markets, better-than-estimated earnings at Bed Bath & Beyond Inc. lifted retailers and Lennar Corp. triggered gains by...
CNNMoney.com (Free subscription) | 06/23/2009
Despite Exxon Mobil Corp.'s well-publicized stance in support of fossil fuels, the oil giant said on Tuesday that it is sponsoring a program to bring a zero-emission electric vehicle to Baltimore.
Business Wire (Free subscription) | 06/22/2009
HOUSTON--(BUSINESS WIRE)--Cobra Oil & Gas Co. (OTCBB:CGCA) (Hereafter “Cobra Oil & Gas”), an independent oil and gas exploration and production company headquartered in Houston, Texas, and focused
Signs of the Times (Free subscription) | 06/22/2009
U.S. and European stocks fell, extending losses from the first weekly decline for global equities in more than a month, as the World Bank said the recession will be deeper than previously forecast. Treasuries rose, while a drop in commodities sent oil below $68 a barrel. Bank of America Corp., the biggest U.S. bank, lost 2.8 percent as two board members resigned. Exxon Mobil Corp., BP Plc and Alcoa...
Business Wire (Free subscription) | 06/19/2009
HOUSTON--(BUSINESS WIRE)--Cobra Oil & Gas Co. (OTCBB:CGCA) (Hereafter “Cobra Oil & Gas”), an independent oil and gas exploration and production company headquartered in Houston, Texas, and focused
People Daily (Free subscription) | 06/18/2009
U.S. stocks ended largely flat after fluctuating most of the time on Wednesday. Market struggled to find direction as declining financial and energy shares offset the upbeat performance in the technology sector. S&P reduced its credit ratings or revised outlooks on 22 U.S. banks, saying operating conditions for the banks will become "less favorable." Wells Fargo and Capital One Financial...
Houston Chronicle (Free subscription) | 06/16/2009
Exxon Mobil Corp. has been ordered to pay nearly $508 million in damages to Alaska natives, fishermen, business owners and others harmed by the massive 1989 oil spill off Alaska.
Chicago Tribune (Free subscription) | 06/16/2009
The federal appeals court ruling adds to the $507.5-million punitive damage award to victims of the devastating 1989 accident in Alaska. The firm is also ordered to pay $70 million in court costs. Exxon Mobil Corp. must pay victims of the 1989 Exxon Valdez oil spill $480 million more in interest on their delayed punitive damages awards as well as cover $70 million in the company's own appeals costs,...
Houston Chronicle (Free subscription) | 06/16/2009
Exxon Mobil Corp. was ordered Monday to pay about $500 million in interest on punitive damages for the Exxon Valdez oil spill off Alaska, nearly doubling the payout to Alaska Natives, fishermen, business owners and others harmed by the 1989 disaster.
L. A. Times Dodgers Blog (Free subscription) | 06/16/2009
The federal appeals court ruling adds to the $507.5-million punitive damage award to victims of the devastating 1989 accident in Alaska. The firm is also ordered to pay $70 million in court costs. Exxon Mobil Corp. must pay victims of the 1989 Exxon Valdez oil spill $480 million more in interest on their delayed punitive damage awards as well as cover $70 million in the company's own appeals costs,...
Examiner (Free subscription) | 06/16/2009
Exxon Mobil Corp. was ordered Monday to pay about $500 million in interest on punitive damages for the Exxon Valdez oil spill off Alaska, nearly doubling the payout to Alaska Natives, fishermen, business owners and others harmed by the 1989 disaster.
San Diego Union (Free subscription) | 06/16/2009
Exxon Mobil Corp. was ordered Monday to pay about $500 million in interest on punitive damages for the Exxon Valdez oil spill off Alaska, nearly doubling the payout to Alaska Natives, fishermen, business owners and others harmed by the 1989 disaster.
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