The Deepwater Horizon oil rig burned on April 21, 2010.
Credit U.S. Coast Guard / Getty Images
Citing a "lack of business integrity," the Environmental Protection Agency announced it was temporarily suspending the oil giant BP from entering into new contracts with the federal government.
In a press release, the EPA said BP demonstrated the lack of integrity during the Deepwater Horizon "blowout, explosion, oil spill and response." This kind of suspension, the EPA explained, is "standard practice when a responsibility question is raised by action in a criminal case."
Mine helmets and painted crosses at the entrance to Massey Energy's Upper Big Branch coal mine, as a memorial to the 29 miners killed there.
Credit Jeff Gentner / AP
Federal prosecutors in West Virginia stepped higher up the corporate ladder at Massey Energy Wednesday with new criminal charges stemming from the investigation of the 2010 coal mine explosion that killed 29 workers.
David C. Hughart was president of Massey's Green Valley Resource Group, a major coal mining subsidiary based in Leivasy, W. Va., from 2000 to 2010.
Like it or not, we are now in holiday shopping season. And for gift givers who are simply stumped about what to get that special or not so special someone, there is always the gift card. They might be derided as impersonal, but Americans spend billions and billions of dollars on gift cards.
To help us sort through the array of gift cards, and also to give us some warnings about fees we might find, we called up Janna Herron. She writes about gift cards for Bankrate.com.
Hong Kong is trying to cool its housing market, so investors are looking for other places to put their money. One Hong Kong developer recently sold 500 spaces for $167,000 each. The $88,000 spot goes on the auction block Thursday.
And now, let's turn to today's business bottom line. As more people buy smartphones and other devices that run on rechargeable batteries - this will come as no surprise - sales of single-use, disposable batteries are dropping; and that is not without consequences. Energizer announced this month that the company will close three plants because of decreased demand. That is a 10 percent cut of its global workforce. Vermont Public Radio's Kirk Carapezza reports on one community that is feeling the pain.
We begin NPR's business news with some cyber power.
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GREENE: The Monday after Thanksgiving is known as Cyber Monday because of all the online shopping deals that are offered up. And this year, online retailers had a field day. A survey by IBM of 500 online businesses found sales jumped 30 percent over last year, as millions of people went online to get their fix of holiday gadgets. Transcript provided by NPR, Copyright National Public Radio.
When Toni Walker is not in Hartford, Conn., serving as a state representative, she can usually be found at the New Haven Adult and Continuing Education Center.
"We basically educate approximately 800 people a day," says Walker, an assistant principal at the center. "It is open enrollment, so when somebody gets an epiphany and says, 'I need to get my high school diploma so that I can get a job,' they can walk through the doors, and they can get [their GED] here."