Articles by Marianna Parraga and Ernest Scheyder

Harvey Inflicts Even More Death and Destruction as Flood Waters Keep Rising

Flood waters from Tropical Storm Harvey, which has already killed at least seven people in Texas and was expected to drive tens of thousands from their homes, are likely to rise, officials warned on Monday, as heavy rain continued to …

Oil Train Derails, Catches Fire in North Dakota

A BNSF train carrying crude oil owned by Hess Corp derailed and caught fire in North Dakota on May 6, forcing the evacuation of a nearby small town just days after the United States and Canada announced reforms to improve …

Oil Producers Resist Wholesale Safety Overhaul in North Dakota

North Dakota oil producers told the state’s energy regulators that existing field practices used to prepare Bakken crude for rail transport are safe and that tougher rules could do more harm than good. The comments, at a special hearing of …

AIG Profit Gains on Investments; P/C Earnings Fall But Pricing Improves

American International Group Inc. earned a larger-than-expected profit during the third quarter, due in part to big gains on its investment holdings. Questions about the sustainability of those profits, and uncertainty about the timing and structure of the U.S. Treasury …

Activist Chairmen, Independent Directors Challenge CEOs, ‘Country Club’ Boards

In the summer of 2011, Yahoo Inc.’s board decided enough was enough. Directors had seen the Internet giant’s stock languish, and the answers they got from Carol Bartz, chief executive at the time, fell short of their expectations. So, the …

DuPont Wins $919M in Kevlar Trade Secrets Claim

A U.S. federal jury awarded DuPont $919.9 million in damages Wednesday, ruling that a South Korean company stole trade secrets for a fiber used to make Kevlar bulletproof vests. DuPont said the Richmond, Virginia, jury ordered Kolon Industries Inc. to …

Report Faults DuPont in West Virginia Worker’s Death

Chemical maker DuPont failed to promptly inform emergency crews about a phosgene leak that killed a worker last year, according to a U.S. government report released Thursday. The report by the Chemical Safety Board (CSB), a federal agency that investigates …

Judge Approves Goldman’s $500 Million Settlement with SEC

A federal judge has approved a $550 million settlement between Goldman Sachs and the U.S. Securities and Exchange Commission related to civil fraud allegations in a subprime mortgage product. U.S. District Court Judge Barbara Jones said she and the Southern …

For Gulf Oil Disaster Victims, Claims Process Improves for Some

The first time Louisiana shrimp boat captain Louis Buteaux filed a claim with BP Plc to recoup oil spill losses, he was told he didn’t have enough paperwork to prove he actually was the skipper. So he only got $2,500 …

For Gulf Oil Disaster Victims, Claims Processing May Be Improving

The first time Louisiana shrimp boat captain Louis Buteaux filed a claim with BP Plc to recoup oil spill losses, he was told he didn’t have enough paperwork to prove he actually was the skipper. So he only got $2,500 …