Vice President Joe Biden subtly contrasted himself with Hillary Clinton, a prospective 2016 presidential rival, and offered a populist message about boosting the middle class in an Iowa speech likely to spur speculation that he is eying a third White House bid.
Hercules Offshore Inc. and Rowan Cos. face the threat of oil drilling in shallow Gulf of Mexico waters coming to a standstill as the slow pace of U.S. permits after BP Plc’s spill adds to the impact of a deep-water moratorium.
Citigroup Inc. failed yesterday to win a judge’s approval to pay $75 million to settle with the U.S. Securities and Exchange Commission over claims the bank misled investors by understating subprime-related holdings.
Vice President Joe Biden apologized to President Barack Obama for upsetting the White House’s timetable for revealing the president’s support for same-sex marriage, according to an administration official.
Interior Secretary Ken Salazar will approve the first wind farm in U.S. waters today, a $1 billion project off the Massachusetts coast that was opposed by the late Senator Edward Kennedy, according to a person familiar with the decision.
BP Plc Chief Executive Officer Tony Hayward will meet with Obama administration officials today to discuss how to manage the growing oil spill off the Louisiana coast, an Interior department spokeswoman said.
BP Plc ’s plans to develop an oil field five miles off Alaska’s coast from a manmade island must comply with safety rules for offshore drillers issued after BP’s Gulf of Mexico oil spill, the U.S. Interior Department said.