New York — As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more.

NEW ORLEANS, La—The Coast Guard is responding to a rig explosion in the Gulf of Mexico. The explosion on Vermilion rig 380 happened around 9:30 a.m. Thursday. A Coast Guard spokesman said 12 of the 13 people on the rig have now been rescued from the water. One person is still missing. Seven Coast Guard […]

NEW ORLEANS — BP says oil from its broken well has stopped gushing into the Gulf of Mexico for the first time since April.

President Barack Obama and his Democratic allies plan a major new push for a broad global warming bill, fueled in part by public outrage over the BP disaster, according to top aides. Joel Benenson, a pollster for the Democratic National Committee and Obama’s presidential campaign, argues in a new briefing for top Capitol Hill officials […]