Articles By J.J. McGrath
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.