LONDON London shares fell again on Friday as debt crisis concerns resurfaced before the G20 summit and fears rose about BP's soaring costs from the US oil spill crisis.The FTSE 100 index lost 1.05 percent to close at 5,046.47 points.Lloyds Banking Group was the most traded stock, seeing 365 million shares change hands, followed by BP which saw 154 million units switch owners. Reckitt Benckise w
As catastrophic as the Gulf oil spill has been for the region's environment and residents' livelihoods, experts say the impact of the disaster on human health and well-being has not even begun to be quantified.Since April 20, when 11 workers died aboard the Deepwater Horizon oil rig that went up in flames - an accident that has since spilled more than 100 million gal.of oil into the Gulf of Mexic
NEW YORK A tropical disturbance over the western Caribbean Sea continued to strengthen, and has a high 70 percent chance of developing into a tropical depression over the next 48 hours, the U.S National Hurricane Center said Friday.It is projected to cross Mexico's Yucatan Peninsula over the next few days.But after that, the weather models were divided on where the system would go.Half of the
TORONTO Stem Cell Therapeutics, a Canadian biotechnology company, said on Friday it would remove its senior executives to save money after the lead study of a stroke treatment failed to meet targets.Shares of the Calgary-based company tumbled after it said it would terminate its chief executive, chief financial officer and two other vice-president positions, effective June 30.CEO Alan Moore and
MIAMI Hurricane Darby has reached Category 3 strength, making it the second major hurricane of the eastern Pacific season.The National Hurricane Center in Miami says Darby's maximum sustained winds Friday are near 115 mph (185 kph).The hurricane is located about 245 miles (395 kilometers) south-southwest of Acapulco, Mexico.It's heading west-northwest near 7 mph (11 kph).Meanwhile, the powerful
LONDON Shares in BP crashed close to a 14-year low point on Friday after the group ramped up the costs so far of its oil spill crisis in the Gulf of Mexico to 2.35 billion dollars (1.9 billion euros).But this is a drop in the ocean compared to the billions of dollars wiped off the oil giant's capitalisation and in unknown liabilities, turning it from a sure income generator into a risky bet, in
A summary of events Friday, June 25, Day 66 of the Gulf of Mexico oil spill that began with the April 20 explosion and fire on the drilling rig Deepwater Horizon, owned by Transocean Ltd.and leased by BP PLC, which is in charge of cleanup and containment.The blast killed 11 workers.Since then, oil has been pouring into the Gulf from a blown-out undersea well.DIRTY EVIDENCE More dirty evidence of
TOKYO The leader of a U.S -based anti-whaling organization is now on an international wanted list for allegedly masterminding the group's disruption of Japanese whale hunts in the Antarctic Ocean, Japan's coast guard said Friday.The move — done at Japan's request — signals Tokyo's escalating anger against the Sea Shepherd group, which it accuses of putting whalers' lives at risk duri