Gas prices stay high despite US oil boom
The US boosts oil output to a record 6.5 million barrels per day and becomes a net fuel exporter, yet average gasoline at about $3.69 a gallon may rise toward $4 by May as refiners face high crude prices and winter maintenance.
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US S
Steve Laffoon
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Patrick DeHaan
GasBuddy.com
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Shipping firms admit to illegal ocean dumping
Two international shipping firms pleaded guilty to obstruction for falsifying records to hide the dumping of engine sludge and oil contaminated waste into the ocean. They will pay 10.4 million dollars, with 2.6 million earmarked for environmental damage from Superstorm Sandy. four years probation. Whistleblowers aided investigations in New Jersey and Delaware.
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Columbia Shipmanagement
Columbia Shipmanagement Ltd
Paul Fishman
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San Francisco
Deadline looms as Dell bid battle heats up
Dell Inc. faces a Friday deadline for competing offers after a February agreement to sell to Michael Dell and investors for 24.4 billion. Blackstone Group is seen as the likely challenger, courting Mark Hurd to run Dell if a hostile bid emerges, while rumors of higher offers and extended review periods circulate.
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Michael Dell
Dell Inc
Michael
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Dell
Hewlett-Packard Co
Mark Hurd
Hurd
New York
Silver Lake Partners
Round Rock
Texas
Southeastern Asset Management
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