It was a bad day for most stocks today, but it was a bloodbath for embattled oil giant BP. Shares of BP dived 16 percent today, driving the stock price to below $30 per share, the worst drop on record for the company. The British... [+]

Over six days in May, far from the familiar choreography of Washington hearings, federal investigators grilled workers involved in the Deepwater Horizon disaster in a chilly, sterile conference room at a hotel near the airport here. The six-member panel of Coast Guard and Minerals Management... [+]

The government’s point man on the Gulf oil spill calls it “an insidious enemy that’s attacking our shores” and “holding the Gulf hostage.” Coast Guard Adm. Thad Allen tells CNN’s “State of the Union” that there is some progress in containing the leaking well, but... [+]

The government’s point man on the Gulf oil spill calls it “an insidious enemy that’s attacking our shores” and “holding the Gulf hostage.” Coast Guard Adm. Thad Allen tells CNN’s “State of the Union” that there is some progress in containing the leaking well, but... [+]

BP PLC collected 6,077 barrels of oil on Friday, the first full day after a new containment cap was placed over the deepwater well in the Gulf of Mexico that has been leaking for more than six weeks, the company said early Saturday on its... [+]

Be careful where you click, especially if you’re looking for news on the BP oil spill. BP, the very company responsible for the oil spill that is already the worst in U.S. history, has purchased several phrases on search engines such as Google and Yahoo... [+]

Israel vowed Friday to keep an Irish aid ship from breaching its blockade of the impoverished Gaza Strip, appealing to pro-Palestinian activists to dock at an Israeli port and avoid another showdown at sea. The new effort to break the blockade will test Israel’s resolve... [+]

Louisiana Gov. Bobby Jindal wrote President Obama a letter on Wednesday criticizing his decision to implement a temporary moratorium of deepwater drilling in the Gulf of Mexico. Arguing that his state had already suffered crippling economic consequences, the Louisiana Republican urged Obama to rethink his... [+]

Here’s another one for the list of out-there Rand Paul statements… Paul recently suggested to a Russian TV station that the U.S. should abandon its policy of granting citizenship to the children of illegal immigrants — even if they’re born on U.S. soil. Paul also... [+]

Reporting from Washington A team of top federal prosecutors and investigators has taken the first steps toward a formal criminal investigation into oil giant BP’s actions before and after the drilling rig disaster off Louisiana. The investigators, who have been quietly gathering evidence in Louisiana... [+]