BP CEO Tony Hayward nears exit as spill work resumes

LONDON/HOUSTON (Reuters) – BP Plc has decided Chief Executive Tony Hayward should step down over his handling of the Gulf of Mexico oil spill and his departure could be announced in the coming days, sources close to the company said on Sunday. . . . → Read More: BP CEO Tony Hayward nears exit as spill work resumes

BP spill work on hold as Bonnie enters Gulf

HOUSTON (Reuters) – The approach of a major storm on Saturday forced BP Plc to halt efforts to permanently plug its gushing oil leak in the Gulf of Mexico and the system could regain strength after it weakened on Friday. . . . → Read More: BP spill work on hold as Bonnie enters Gulf

MIC Electronics to develop lighting products with Taiwan firm

MUMBAI (Reuters) – MIC Electronics said on Monday it has tied up with Taiwan-based Home Resources Ind Co to jointly develop lighting products for both urban and rural applications. . . . → Read More: MIC Electronics to develop lighting products with Taiwan firm

Engineers detect seepage near BP oil well

HOUSTON (Reuters) – Engineers monitoring BP Plc’s damaged well in the Gulf of Mexico detected seepage on the ocean floor that could mean problems with the cap that has stopped oil from gushing into the water, the government’s top oil spill official sai… . . . → Read More: Engineers detect seepage near BP oil well

Capped BP Gulf well under scrutiny as Obama cautious

HOUSTON/WASHINGTON (Reuters) – The cap on BP Plc’s stricken Gulf of Mexico oil well appeared to hold on Friday, but officials intensified monitoring after a critical test showed pressure rising slower than they hoped. . . . → Read More: Capped BP Gulf well under scrutiny as Obama cautious

World simmers in hottest year so far

WASHINGTON (Reuters) – The world is enduring the hottest year on record, according to a U.S. national weather analysis, causing droughts worldwide and a concern for U.S. farmers counting on another bumper year. . . . → Read More: World simmers in hottest year so far