Marketplace®

Daily business news and economic stories
  • BP CEO Tony Hayward is touring the world asking rich countries to invest, or keep investing, in his beleaguered company as costs for the Gulf oil spill shoot upwards. Apparently, though, this is not just BP's problem. It turns out the U.S. Justice Department is taking a special interest in these meetings. Krissy Clark reports.

  • Before the catastrophic Gulf of Mexico oil spill, BP assured federal regulators it could clean up nearly half a million gallons of oil a day. So far, it's succeeding in meeting little more than half that amount.

  • The British government has been preparing for a worst-case scenario over increasing concern that oil giant BP could collapse.

  • Charitable donations to deal with the BP oil disaster have been meager. And they aren't likely to pick up any time soon. Mitchell Hartman reports.

  • BP has admitted to not following some standard safety procedures before the Gulf of Mexico oil spill.

  • BP has been trying to raise over $20 billion for clean-up of the Gulf of Mexico oil spill.

  • The center of Tropical Storm Alex is not expected to pass near the site of BP's leaking oil well in the Gulf of Mexico. But it could delay oil collection efforts, and that could be bad news for the company's financial health.

  • The Santa Barbara oil spill of 1969 was nowhere as vast the current BP oil spill in the Gulf, but it did stir up environmentalists, the federal government and the oil industry to make things safer — unfortunately, not all of that attitude made it through the years.

  • The Santa Barbara oil spill of 1969 was nowhere the size of the BP oil spill, but it draws many comparisons. View a slideshow of breathtaking photos from the 1969 spill and hear from one resident who remembers it all too well

  • The Gulf of Mexico provides families in the area with two significant economic opportunities — oil and fish. And right now, with the BP oil spill, the future of both are in question. That's straining some communities in places like Boothville, La. Adriene Hill reports.