NEW YORK (TheStreet) -- Toon Van Beeck, senior analyst with IBISWorld, details the effect Friday's GDP report is having on gold prices and how to trade ahead of next week's FOMC meeting.
Friday, October 29, 2010
Halliburton Shares Plunge
Oct. 28 2010 | Shares of Halliburton plunged after tests showed the company's cement mixture used to seal BP's oil well in the Gulf was unstable. CNBC's Eamon Javers has the story.
BP Knew Gulf Rig Cement Mix Flawed
RussiaToday--October 29, 2010--An investigation into the Gulf of Mexico oil spill has revealed that BP and its contractor were aware of flaws in the cement mix used to build the rig. A US presidential commission says that could have caused the blowout. The report also claims four separate lab tests were carried out - but only one showed that the cement was suitable for deepwater drilling. The April rig explosion killed 11 workers and caused the worst environmental disaster in US history.
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