July 7th, 2010
01:26 PM ET

Alaska pipeline CEO to resign, sources report

The head of the company that operates the Trans-Alaska Pipeline is expected to announce his resignation Wednesday after criticism by a congressional committee and the internal watchdog unit of majority owner BP, CNN has learned.

The resignation of Kevin Hostler, a former BP executive, will take effect at the end of September, a senior federal government source and another source with knowledge of the matter told CNN.

Hostler is the chief executive officer of Alyeska, the BP-dominated consortium that operates the 800-mile pipeline. Alyeska did not immediately respond to a request for comment.


March 25th, 2010
06:08 PM ET

Toyota seeks consolidation of lawsuits

An attorney for Toyota Motor Co. told a panel of federal judges Thursday that the company prefers to have the dozens of lawsuits filed against it nationwide consolidated into a single lawsuit, preferably heard in Los Angeles.

The suits were filed in the aftermath of reports of sudden unintended acceleration.