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AP IMPACT: Gulf awash in 27,000 abandoned wells (AP)

AP - More than 27,000 abandoned oil and gas wells lurk in the hard rock beneath the Gulf of Mexico, an environmental minefield that has been ignored for decades.

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AP IMPACT: Gulf awash in 27,000 abandoned wells
(AP)

probe

HSBC clients scrutinized in U.S. tax evasion probe (Reuters)

Reuters - The U.S. Department of Justice has opened a criminal investigation into whether some HSBC Holdings Plc clients may have failed to disclose offshore accounts, lawyers familiar with the probe said on Tuesday.

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HSBC clients scrutinized in U.S. tax evasion probe
(Reuters)

probe

Instant view: Samsung estimates record Q2 profit on chips, LCDs (Reuters)

Reuters - Samsung Electronics, the world’s No.1 memory chip maker, said it was on course to report a record quarterly profit, powered by robust sales of memory chips and flat screens in a strong consumer electronics market.

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Instant view: Samsung estimates record Q2 profit on chips, LCDs
(Reuters)

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Bankers, miners boost FTSE 100 (AFP)

AFP - Leading shares soared Tuesday, led by bankers and miners, as investors snapped up bargains and were comforted by an upbeat economic outlook from Australia’s central bank.

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Bankers, miners boost FTSE 100
(AFP)

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Australian government under attack over mine tax revenue (Reuters)

Reuters - Australia’s government came under political attack on Tuesday over a potential A$4.5 billion ($3.8 billion) loss in revenue from a new mine tax, months before elections in which economic management will be a major issue.

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Australian government under attack over mine tax revenue
(Reuters)

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More banks drawn into Wall Street probes (Reuters)

Reuters - Five U.S. banks and four European lenders are being investigated by U.S. authorities, as they widen their probe of the role of banks in past mortgage securities deals, according to news reports.

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More banks drawn into Wall Street probes
(Reuters)

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Euro loses bounce from $1 trillion bailout (AP)

AP - The euro soared after the EU announced a startling $1 trillion financial rescue package earlier this week. But that respite has evaporated — a sign that worries remain about the heavy debts burdening European governments.

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Euro loses bounce from $1 trillion bailout
(AP)

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April foreclosures ebb, suggesting high plateau (Reuters)

Reuters - Foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures, RealtyTrac said on Thursday.

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April foreclosures ebb, suggesting high plateau
(Reuters)

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China exec probed for leaking price strategy to Rio (Reuters)

Reuters - A Chinese steel executive detained along with four Rio Tinto employees is under investigation for leaking China’s “bottom line” in iron ore price negotiations, a source with knowledge of the probe said on Friday.

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China exec probed for leaking price strategy to Rio
(Reuters)

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Anglo names chairman to lead Xstrata defense (Reuters)

Reuters - Anglo American Plc appointed veteran industrialist John Parker as chairman on Friday, moving to bolster its leadership as it seeks to fend off an unwanted merger proposal by rival Xstrata Plc .

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Anglo names chairman to lead Xstrata defense
(Reuters)