Articles By J.J. McGrath

From Companies Jun 24, 2012

Tropical Storm Debby Cuts Oil-And-Gas Output In Gulf Of Mexico

With Tropical Storm Debby more or less dead in the water of the central Gulf of Mexico, the U.S. Bureau of Safety and Environmental Enforcement estimates about 7.8 percent of the gulf's current daily oil production and about 8.16 percent of its current daily natural-gas production are now shut-in.

From Politics & Policy Jun 23, 2012

Syria And Turkey Agree: Warplane Was Attacked

Both Syria and Turkey now agree the former shot down one of the latter's warplanes, believed to be an F-4E Phantom, over the Mediterranean Sea on Friday. The incident had been the subject of conflicting media reports.

From Politics & Policy Jun 23, 2012

Paraguay's President Ousted In Political Lightning Strike

Paraguayan President Fernando Lugo was removed from office by the bicameral National Congress in the space of two days, so that, as of Friday night, he is the former president, according to multiple media sources.

From Global Markets Jun 18, 2012

Suppose They Conducted A Relief Rally, And Nobody Came?

Certain financial-market commentators were -- er, uh -- commentating either early Monday or late Sunday (depending on one's global positioning) about a relief rally in this market or that market allegedly propelled by Greece's election results, which suggest the euro zone will not be falling apart. This week, anyway.

From Politics & Policy Jun 18, 2012

Egyptian Power Will Pass To Civilians From Military July 1: SCAF

As ballots cast in Egypt's presidential election continue to be counted on Sunday, Field Marshal Mohamed Hussein Tantawi, the head of the country's Supreme Council of the Armed Forces, or SCAF, has renewed the military's commitment to hand over power to a civilian authority on July 1.

From Politics & Policy Jun 18, 2012

Bailout-Friendly Coalition Expected To Govern Greece

Leaders of the center-right New Democracy party and the left Syriza party -- Antonis Samaras and Alexis Tsipras, respectively -- agree on one thing: The former party won, and the latter party lost Greece's snap parliamentary elections on Sunday.

From Companies Jun 18, 2012

Exxon Mobil Shelves Shale-Gas Exploration Plans In Poland: Report

The Exxon Mobil Corp. will abandon its shale gas exploration projects in Poland because the company's test wells did not produce commercial quantities of gas, the daily newspaper Gazeta Wyborcza reported, according to Bloomberg News.

From Politics & Policy Jun 17, 2012

France Wants EU Growth Package Worth €120B This Year

With French President Francois Hollande's Socialist Party appearing likely to cement its hold on the country's government in elections on Sunday, the Journal du Dimanche has reported that France wants the European Union to agree on growth-boosting measures worth €120 billion ($151 billion) this year.

From Health Jun 17, 2012

Korean Molluscan Shellfish Should Be Pulled From Market: FDA

U.S. food wholesalers, food retailers, and food-service operators have been advised by the Food and Drug Administration to remove from their distribution chains all clams, mussels, oysters, and scallops -- collectively known as molluscan shellfish -- that have come to the U.S. from South Korea.

From Companies Jun 16, 2012

Lockheed Awarded $489.53 Million Contract To Buy F-35 Parts: Pentagon

The Lockheed Martin Corp. (NYSE: LMT) was awarded a contract worth $489.53 million to begin purchasing parts, materials, and components for a seventh batch of 35 F-35 Joint Strike Fighter planes, the U.S. Defense Department announced Friday.