Owners of West Virginia's Upper Big Branch coal mine have settled wrongful death lawsuits filed by the families of 29 men who died in an April 2010 explosion, an attorney representing two of the miners' estates said Wednesday.
The operators of West Virginia's Upper Big Branch coal mine dodged federal safety rules and hid violations before the April 2010 explosion that killed 29 men, a scathing report on the disaster concluded Tuesday.
A "perfect storm was brewing" in West Virginia's Upper Big Branch coal mine in the weeks and days before a fireball tore through it on April 5, 2010, killing 29 miners and injuring one severely, according to a just-released report by the Governor's Independent Investigation Panel.
The governor of West Virginia unveiled a new, specially equipped truck Tuesday designed to help rescue trapper miners -- part of that state's response to last year's Upper Big Branch Mine explosion, which resulted in 29 deaths.
U.S. stocks posted solid gains Monday as investors focused on the positive earnings news out of Exxon Mobil and rising commodity prices, while continuing to monitor the ongoing political unrest in Egypt.
Massey Energy, owner of the Upper Big Branch mine in West Virginia that was the site of a tragic explosion last April, was acquired by rival Alpha Natural Resources in a $7.1 billion deal, the companies announced Saturday.
Massey Energy Company, which owns a West Virginia coal mine in which 29 workers died in April, has sued the U.S. Mine Safety and Health Administration over ventilation regulations, the company said Wednesday.
Underground teams exploring a West Virginia mine where 29 men died in an April explosion have found a crack in the floor that may have allowed methane to leak before the blast, mine owner Massey Energy confirmed Tuesday.
The one green technology that politicians of all parties seem able to rally around is "clean coal." Coal generates about half of America's electricity -- a quickly rising figure -- and a third of its carbon dioxide emissions. The chance of replacing it with solar or wind in anyone's lifetime is tiny -- and besides, solar and wind companies aren't exactly the same caliber of donor as the coal industry when it comes to Capitol Hill.
The board of Massey is preparing for a shareholder showdown on Tuesday in Richmond, Va. After some tense volleys with shareholder activists, the board needs to be ready to answer some rather pointed questions about how it's allowed the company to come under fire-for both the April mine explosion which killed 29, and the subsequent investigation into wrongdoing by the Department of Justice.
Oil giant BP has a marketing slogan dubbed "Beyond Petroleum." If only that were true. That ad campaign has to rank up there with Toyota's "Moving Forward" motto as the most unintentionally hilarious of the year.
A top federal mine safety official said Tuesday that existing laws and regulations have not been properly enforced but pledged that his agency will now use all its powers after the West Virginia mine disaster that killed 29 people.
West Virginia's governor on Tuesday named a former head of the federal Mine Safety and Health Administration to lead a state investigation into last week's coal mine explosion that left 29 miners dead.
The deaths of at least 25 workers in a West Virginia coal mine this week have turned a harsh spotlight on the safety record of the mine's owner, which has paid record fines for safety and environmental violations.
An explosion at the Massey Energy Co. mine in Montcoal, West Virginia, killed at least 25 miners. The cause of the explosion had not been determined as rescuers worked Tuesday to bore ventilation holes into the Upper Big Branch Mine. This is a chronological list of notable coal mine accidents in the United States over the last century. The list is not all-inclusive. * December 6, 1907 -- Worst coal mine disaster in U.S. history: 362 miners are killed in an explosion at the Monongah Nos. 6 and 8 Coal Mines in Monongah, West Virginia.
Abraham Lincoln is often credited with saying, "It's not the years in your life that count, it's the life in your years." Whether it was Lincoln or some other sage who first uttered the maxim, it holds as true for mutual funds as it does for people. So while investors and financial advisors often seek out funds and managers with outstanding long-term records, it's worth keeping an eye on new offerings as well - and there are many to track. Financial firms have introduced more than 100 new funds so far this year, and about 500 in each of the past two years, according to research firm Morningstar.