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Shell's safety system problems plague Arctic plans

Submitted by Fox First at Ten on September 18th

By DAN JOLINGAssociated Press ANCHORAGE, Alaska (AP) - Safety equipment that Shell Oil volunteered to put into place for drilling off the coast of Alaska is complicating the company's quest to reach oil-bearing rock during the short open-water drilling season this year. Royal Dutch Shell

Shell's Arctic offshore drilling suffers setback

Submitted by Fox First at Ten on September 18th

By DAN JOLINGAssociated Press ANCHORAGE, Alaska (AP) - Shell is limiting Arctic drilling off Alaska to just preparation work this year after suffering several setbacks, but the company says it remains optimistic about the project's prospects. Netherlands-based Royal Dutch Shell PLC said

Business Highlights

Submitted by Fox First at Ten on September 17th

By The Associated Press ___ Apple: iPhone 5 orders topped 2M in 24 hours CUPERTINO, Calif. (AP) - Orders for the new iPhone 5 topped 2 million in 24 hours, more than double the amount of its predecessor over the same period. Since Apple started taking iPhone 5 orders on its website at 3 a.m.

After calm morning, oil takes sudden plunge

Submitted by Fox First at Ten on September 17th

By SAMANTHA BOMKAMPAP Business Writer NEW YORK (AP) - Oil plunged more than $4 per barrel in a short time Monday afternoon, erasing the gains made last week when the Federal Reserve unveiled new steps to boost the U.S. economy. Benchmark crude fell $2.38, or 2.4 percent, to finish at $96.62 on

Shell: Won't hit oil in Alaska this year

Submitted by Fox First at Ten on September 17th

AMSTERDAM (AP) - Royal Dutch Shell PLC said Monday it will no longer seek oil off the coast of Alaska this year after suffering several setbacks. The company, which has so far spent around $4.5 billion to obtain licenses and prepare for exploratory drilling in the Chukchi and Beaufort Seas, said it

On ice: NHL locks out its players

Submitted by Fox First at Ten on September 15th

By IRA PODELLAP Sports Writer NEW YORK (AP) - The clock struck midnight, and the NHL turned into another sports league closed for business. Unable to reach agreement on a new labor deal, the National Hockey League locked out its players at 12:01 a.m. Sunday, the third major pro sport to impose

Oil breaks $100 after Fed vows action on economy

Submitted by Fox First at Ten on September 14th

By PABLO GORONDIAssociated Press The price of oil broke above $100 a barrel on Friday for the first time since early May after the U.S. Federal Reserve announced a plan to jolt the U.S. economy and unrest in the Middle East heightened supply concerns. By early afternoon in Europe, benchmark oil

How new iPhone compares with Samsung Galaxy S III

Submitted by Fox First at Ten on September 13th

By The Associated Press Apple unveiled the iPhone 5 on Wednesday and will begin selling it next week. Here's a look at the key differences and similarities between the iPhone 5 and its closest competitor, Samsung's Galaxy S III, which was released in Europe in May and the U.S. in June.

Pittsburgh ice cream 'bank' draws regulator's ire

Submitted by Fox First at Ten on September 13th

PITTSBURGH (AP) - State regulators are cool on a Pittsburgh businessman's idea for a bank that pays interest in ice cream shop gift cards. The Pennsylvania Department of Banking says they want Ethan Clay to shut down the community bank he's set up at Oh Yeah! ice cream and coffee shop. Clay

Oil price up after attack on US consulate in Libya

Submitted by Fox First at Ten on September 13th

By PABLO GORONDIAssociated Press Oil traded above $97 a barrel Thursday after attacks on U.S. diplomatic missions and the killing of the U.S. ambassador to Libya sparked new worries about unrest in the Middle East. By early afternoon in Europe, benchmark crude was up 25 cents at $97.26 per