Hungary Toxic Sludge Catastrophe Reminiscent of BP Gulf Oil Spill Disaster The Market Oracle News on Thursday, October 7, 2010 regarding the Toxic Sludge Disaster in Hungary: Many of us have come to view the Associated Press as a reincarnation of … Disaster on the Danube: Toxic Sludge Flood in HungaryAssociated Content Hungary sludge flow 'almost as big as Gulf oil spill'Channel 4 News Sludge Disaster Nears Size Of Gulf Oil SpillSky News The Sun –Scottish Daily Record –The Upshot all 4,872 news articles »
Bond Market Brushes Off Fears Over BP's Long Term Health Wall Street Journal (blog) Fears that the cost of the Gulf of Mexico oil spill would one day bankrupt BP disappeared Monday as investors lapped up the second bond … Where's proof of GOP missteps?Rome News Tribune The Lance and Shield: BP is not peanut butter backwardsmy.hsj.org Cancer-Causing Compounds Multiply in Gulf After Oil SpillAOL Health AllGov –Seeking Alpha –Oil & Gas Journal all 25 news articles »
TOP Oil Market News: Oil Rises; BP Says Others Share Gulf Blame Bloomberg BP Plc faulted its own engineers for the fatal drilling-rig blast that triggered a record US oil spill and said contractors Transocean Ltd. and Halliburton …
Deepwater Horizon Disaster Not a Watershed Event for P&C Insurance Market … MarketWatch (press release) NEW YORK, Aug 02, 2010 (BUSINESS WIRE) — The Deepwater Horizon disaster will not be a major event for the property & casualty insurance industry, … Deepwater insured loss bn to bn: Towers WatsonReactions Magazine (subscription)
BP (BP) says the costs of the oil spill to date is .43B, and it’s too early to quantify liabilities. BP says it’s not aware of a reason for its shares to drop, and says the company is “strong”. BP shareholders filed a class-action lawsuit based on claims that the company mislead investors prior to the Deepwater Horizon oil spill in the Gulf of Mexico…Old Republic (ORI) and PMA Capital (PMACA) announced a 5M merger agreement. Old Republic will acquire all of PMA’s outstanding common stock…Target (TGT) increased its quarterly dividend 47% to 25c from 17c. Video Rating: 5 / 5
Lithium market could bloom as tide goes out on oil
Lithium is not much to look at. It’s a soft and light, silver-white metal known for its use in mood stabilising drugs. Read more on AFP via Yahoo! News
Commodity Markets Adversely Affected by May Market Uncertainty; Recent Price Weakness May Offer a Favorable Entry …
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Oily Gulf impacts lake housing market
Oil continues to pour out of the Deepwater Horizon oil rig leaving thousands of people scrambling to salvage … Read more on The Alexander City Outlook
Housing market could have ‘wind knocked out of its sails’
Consequences of rising rates, record debt may be ‘dire,’ National Bank warns Read more on The Globe and Mail
RIG CDS Market 500/550, +100bps On The Day, All Time Wides
Following yesterday’s announcement that the US has asked a federal judge in Houston to reject a bid by Transocean Ltd. to cap its liability in the explosion of the Deepwater Horizon and resulting spill at million, Transocean is literally falling apart. Its CDS level has surged by over 100 bps today, with a market so wide at 500/550 it may need a few HFT quants to narrow it. As we commented … Read more on Zero Hedge
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