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Rig's Alarm System Disabled on Day of Blast

Functioning alerts would have warned of explosion: technician

(Newser) - An electronics technician aboard the ill-fated oil rig Deepwater Horizon told an investigative panel today that an alarm system was partially shut down on the day the rig exploded. Mike Williams said the system was turned on to monitor for fire, explosive gas, and toxic gas but that its sound... More »

Feds to Investigate BP Managers

Two men who were on the rig when it exploded targeted

(Newser) - Federal investigators have named two BP managers as “parties of interest” in their probe of the Deepwater Horizon explosion. Both men were aboard the rig when it blew, the Wall Street Journal reports. One, Robert Kaluza, BP’s employee overseeing rig operations, has twice been called to testify in... More »

Merck News Gives Markets Shot in the Arm

Dow rises 92.34 on component's earnings, big oil merger

(Newser) - Stocks rallied across the board today, after a number of major buyouts and earnings reports diverted traders' attentions from the foundering subprime market and an enervated dollar once again. The Dow was up 2.34 to 13943.42 after drug-maker Merck, a major component of the index, reported its best... More »

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