Investigators still don’t know what caused an oil platform to catch fire Thursday in the Gulf of Mexico off the Louisiana coast. All 13 crew members were rescued. It was an eerie reminder of the BP oil well explosion that gushed crude into the Gulf for more than three months. » E-Mail This » Add to Del.icio.us
Also tagged del-icio-us, eerie-reminder, gulf, louisiana, off-the, oil-platform, still-donThe Labor Department reports 500,000 people filed first-time unemployment claims last week. That’s the largest number of new applicants in nine months. It suggests nervous employers are laying off more workers. The news sent the stock market tumbling Thursday, and could lower the president’s political standing as well. » E-Mail This » Add to Del.icio.us
Also tagged del-icio-us, employers-are, largest, laying-off, laying-off-more, news-sent, president, sent-the-stock, stockThe stock price of Internet security company McAfee soared Thursday with the announcement that it’s being bought by Intel. The deal still needs approval from shareholders and government regulators, but the computer-chip maker plans to pay more than $7.5 billion for its neighbor in Santa Clara, Calif. Intel is expanding into the fast-growing mobile industry, making chips for smart phones and other portable devices. It needs to make these devices secure — which is where McAfee comes in. » E-Mail This » Add to Del.icio.us
Also tagged and-government, announcement, being-bought, deal-still, devices-secure, expanding-into, internet, maker-plans, making-chips, needs-approval, other-portableThe sponsors of California’s gay marriage ban asked an appeals court late Thursday to stop a federal judge’s order allowing same-sex weddings to begin next week. » E-Mail This » Add to Del.icio.us
Also tagged a-federal-judge, appeals-court, ban-asked, california, del-icio-us, federal-judge, gay-marriage, order-allowing, same-sex-weddingsCalifornia could reel in $492 million in business spending if it allowed gay weddings to resume. A judge Thursday delayed gay weddings until at least Aug. 18. » E-Mail This » Add to Del.icio.us
Also tagged 492-million, allowed-gay, business-spending, del-icio-us, delayed-gay, until-at-least, weddings-untilBrewing giant Anheuser-Busch InBev announced its quarterly results Thursday morning, and profits are up more than 7 percent. The company made $1.5 billion. The company attributes favorable weather and the World Cup. » E-Mail This » Add to Del.icio.us
Also tagged 1-5-billion, and-profits, anheuser-, announced-its, favorable-weather, quarterly-results, world, world-cup-The head of Target Corp. said Thursday he was “genuinely sorry” the company had made a political donation to a business group backing a conservative Republican for Minnesota governor. The donation had angered some employees and sparked talk of a customer boycott. » E-Mail This » Add to Del.icio.us
Also tagged a-customer-boycott-, a-political-donation, customer-boycott-, del-icio-us, donation-had, minnesota, sparked-talk, target-corp-The New York Times and Los Angeles Times report that Disney signed the agreement late Thursday with Filmyard Holding. The investor group is led by construction magnate Ronald Tutor. » E-Mail This » Add to Del.icio.us
Also tagged agreement, agreement-late, angeles-times, del-icio-us, disney, filmyard, filmyard-holding-, signed-the, timesFederal Reserve Chairman Ben Bernanke goes to Capitol Hill on Wednesday and Thursday to present the Fed’s twice-yearly report on the state of the economy and its forecast for growth. He will face lawmakers anxious for answers on how the country can avoid a double-dip recession. » E-Mail This » Add to Del.icio.us
Also tagged and-its, answers-on-how, capitol, capitol-hill, economy, forecast-for, report-on-the, reserve, state, the-economy, the-state, will-faceOn Thursday, hundreds of investors packed into a New York rock club to watch a presentation on Live Nation’s financial condition. The company’s ticket sales fell 9 percent in 2010, but CEO Michael Rapino tried to convince Wall Street that it’s a blip, not the beginning of a trend. Some investors say they’re not convinced. » E-Mail This » Add to Del.icio.us
Also tagged beginning, financial-condition-, michael, michael-rapino, nation, not-convinced-, street