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U.S. May Dip Into Reserve Oil Supply
Monday, March 7, 2011 - 2:17pm | 277Read More...According Reuters, the Obama Administration may choose to sell oil reserves in an attempt to bring down prices and generate revenue. Currently, the U.S. has the world's largest stockpiles of emergency oil in its Strategic Petroleum Reserve (SPR). It is government policy to only release oil if there...
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Former 'Auto Czar' Steven Rattner Sued By NY Attorney General
Thursday, November 18, 2010 - 11:55am | 118Read More...Steven Rattner, the Obama administration's former 'auto industry czar', was sued by New York attorney general Andrew Cuomo Thursday for allegedly paying kickbacks to win investments from the state's public pension fund. Cuomo is seeking to recover $26 million from Rattner. The U.S. Securities and...
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Investors Should Get Solid Waste Stocks, Says Wunderlich
Wednesday, September 8, 2010 - 9:32am | 115Read More...Wunderlich Securities continues to espouse that investors should own solid waste stocks in their portfolios, according to a report released Wednesday morning. Underpinning its reasoning is the “durability, visibility, and sustainable growth of free cash flow (FCF) in the industry.” According to...
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Diamond Offshore Removes 2nd Rig From Gulf (DO)
Tuesday, July 13, 2010 - 11:10am | 152Read More...Following the Obama Administration's new deep-water drilling moratorium in the Gulf of Mexico, Diamond Offshore (NYSE: DO) said Monday it would remove its second rig from the Gulf of Mexico. The U.S. government issued a revised moratorium on deepwater oil drilling on Monday, which it said would...
