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  • EU suggests drilling ban in case of safety doubts

    EU governments should stop deepwater drilling projects if they have any safety doubts, the EU said Wednesday, stopping short of an outright ban such as the one the U.S. imposed after the disastrous Gulf of Mexico oil spill.

  • BP mum on future plans in Gulf

    BP wouldn't say Wednesday whether it will seek new permits to drill in the deep-water Gulf of Mexico now that the moratorium imposed after its massive spill has been lifted.

  • Hurricane Paula weakens as it nears Cuba

    Hurricane Paula inched toward the west coast of Cuba early Thursday, dumping heavy rain on the island's famed tobacco fields even as it weakened. Officials said they were optimistic the system would not bring a repeat of the devastation wrought by three monster storms in 2008.

  • Drilling ban lifted; uncertainties still face Gulf

    Deep water oil drills quieted by a six-month moratorium will again hum off the Gulf Coast, helping an industry that, despite its dangers, puts needed money in the pockets of thousands along the Gulf Coast. What's less certain is just how soon the jobs on hold because of the six-month ban will come back to a region trying to recover.

  • Robo-signers: Mortgage experience not necessary

    In an effort to rush through thousands of home foreclosures since 2007, financial institutions and their mortgage servicing departments hired hair stylists, Walmart floor workers and people who had worked on assembly lines and installed them in "foreclosure expert" jobs with no formal training, a Florida lawyer says.

  • Railroad CSX 3Q profit jumps 43 percent

    Railroad CSX says its third-quarter earnings soared 43 percent as its trains operated more efficiently and shipments rose in some business segments.

  • Census: Fast-growing US areas show big income drop

    Call it the migration bust: Many of the fast-growing U.S. areas during the housing boom are now yielding some of the biggest income drops in the economic downturn.

  • Drilling freeze ended _ but when will work resume?

    The U.S. is back in the deep water oil-drilling business. The question now is when work will resume.

  • Hurricane Paula forms, heads to Yucatan Peninsula, Cuba

    Honduran emergency officials urged coastal residents to evacuate low-lying areas and Mexico issued a hurricane warning as Paula strengthened into a powerful storm Tuesday and battered the Caribbean coast with strong winds and rain.

  • Senior citizens brace for Social Security freeze

    Seniors prepared to cut back on everything from food to charitable donations to whiskey as word spread Monday that they will have to wait until at least 2012 to see their Social Security checks increase.

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