U.S. regulators are giving British-based oil company BP permission to resume deepwater drilling in the Gulf of Mexico. The Bureau of Safety and Environmental Enhancement said Wednesday it has approved BP’s plans to drill in the so-called Kaskida field, about 396 kilometers south of Lafayette, Louisiana. The agency said, in a statement, that BP had […]
BP Gets Go-Ahead to Drill Again in Gulf
Posted October 26th, 2011 at 3:05 pm (UTC-5)
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US Stocks Mixed in Midday Wednesday Trading
Posted October 26th, 2011 at 2:00 pm (UTC-5)
U.S. stocks were mixed in midday trading Wednesday. The Dow Jones Industrial Average advanced two-tenths of a percent, while the S&P 500 fell one-tenth of a percent. The NASDAQ dropped three-quarters of a percent. European stock markets closed mixed ahead of the Brussels summit of the continent’s leaders and their debate on resolving Europe’s debt […]
Thai Floods Disrupt Factories at Home and Abroad
Posted October 26th, 2011 at 1:50 pm (UTC-5)
A global rating agency says Thailand’s severe floods are disrupting manufacturing in that nation, and hurting production of parts used by factories in other countries. Thailand is a major production site for Japanese electronic and auto companies, turning out both finished products and parts needed for assembly elsewhere. Two reports from Standard & Poor’s Ratings […]
Indonesian Court Cuts Radical Cleric’s Prison Term
Posted October 26th, 2011 at 1:45 pm (UTC-5)
An appeals court in Indonesia has cut the prison term of a radical Muslim preacher who is linked to the deadly 2002 Bali bombings and was convicted of inciting terrorism. The court in Jakarta reduced the sentence last week of Islamist convict Abu Bakar Bashir from 15 to nine years. In announcing the move Wednesday, […]
Obama Unveils Proposal on Student Loans
Posted October 26th, 2011 at 1:20 pm (UTC-5)
U.S. President Barack Obama says the government should be doing everything it can to put a college education within reach for every American, even as tuition rates rise faster than inflation or income. Speaking in the city of Denver, Colorado, Wednesday, the president unveiled a plan to help university students and alumni lower their student-loan […]
European Leaders Struggle to Resolve Debt Crisis at Summit
Posted October 26th, 2011 at 1:05 pm (UTC-5)
European leaders struggled Wednesday to reach agreement on a plan to resolve the continent’s burgeoning debt crisis as they opened their second summit this week in Brussels. While the broad outlines of a debt-relief plan were apparent, the details were not. German Chancellor Angela Merkel said there were “still many problems to settle,” while Luxembourg […]
Thai Floods Disrupt Factories At Home, Production Abroad
Posted October 26th, 2011 at 12:50 pm (UTC-5)
A global rating agency says Thailand’s severe floods are disrupting manufacturing in that nation, and hurting production of parts used by factories in other countries. Thailand is a major production site for Japanese electronic and auto companies, turning out both finished products and parts needed for assembly elsewhere. Two reports from Standard & Poor’s Ratings […]
Libyan Officials Urge NATO to Continue Mission in Libya
Posted October 26th, 2011 at 12:50 pm (UTC-5)
Libya’s interim leader has urged NATO to continue its mission in the country until at least the end of the year. National Transitional Council head Mustafa Abdel Jalil said Wednesday the move would help prevent Moammar Gadhafi’s loyalists from regrouping and posing a security threat. In New York, a top Libyan diplomat asked the U.N. […]
Austrian Court Finds 22 Greeks Guilty of Human Trafficking
Posted October 26th, 2011 at 12:40 pm (UTC-5)
An Austrian court has found 22 Greeks guilty of human trafficking for transporting 30 Afghan migrants into Austria on a tourist bus. Prosecutors in the Eisenstadt court said Tuesday the Greeks had been paid $140 each to travel as fake tourists on the bus into Austria, from Thessaloniki to Vienna. The prosecutors said the passengers […]
Seoul Residents Elect Liberal Novice as Mayor
Posted October 26th, 2011 at 12:30 pm (UTC-5)
A liberal South Korean political novice whose campaign reflected sentiments of the U.S. “Occupy Wall Street” movement has been elected mayor of Seoul. The victory by newcomer and opposition activist-lawyer Park Won-soon became clear late Wednesday when ruling conservative Grand National Party candidate Na Kyung-won conceded defeat. Na’s concession came with exit polls showing her […]
