BUSINESS NEWS
Stocks recover after early declines
NEW YORK (AP) -- Stock prices have fluctuated after investors poured over the government's second quarter GDP report.
Signs of oil spill recovery entering new phase
July 31, 2010 01:25 EDT
BILOXI, Miss. (AP) -- Local fishermen say they're doubtful about plans to scale back the oil cleanup in the Gulf of Mexico and that oil remains a bigger problem than BP and the federal government are letting on.
But there were signs Friday that the era of thousands of oil-skimming boats and hazmat-suited beach crews is giving way to long-term clean up, compensating people for losses and understanding the damage.
BP's new boss said Friday it's time for a "scaleback." Federal officials say the crude won't reach the East Coast. And fishing areas are starting to reopen.
Some people contend the spill has been overblown. But Bob Dudley, who heads BP's oil spill recovery and will take over as CEO in October, says "anyone who thinks this wasn't a catastrophe must be far away from it."
Plans to plug the well permanently hit a snag when crews found debris in the bottom of the relief well. The debris must be fished out.
Signs of oil spill recovery entering new phase
Ethics panel to charge California Rep. Waters
Men carry Mexican flags run on field in protest
Arizona appeal of immigration ruling set for Nov.
Pacific military drills coming to a close
Families sue man convicted in Wis.-Mich. shootings
Stocks recover after early declines
NEW YORK (AP) -- Stock prices have fluctuated after investors poured over the government's second quarter GDP report.
Toyota recalls 412,000 cars in US, 16,000 in Japan
TOKYO (AP) -- Toyota is recalling 412,000 passenger cars, mostly the Avalon model, in the U.S., and another 16,420 vehicles in Japan for steering problems, the automaker said Thursday. ...
IN THE NEWS: SMART PHONES ARE WATCHING YOU
LAS VEGAS (AP) -- Your smart phone could be spying on you.