Page 28 - 458 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Disbelief. usually at this point in the afternoon, it's about ten to 3:00 in the afternoon, the floor is quiet. it's usually quiet here. a lot of the trading is done electronically, a lot of people filter out as the day goes on. the floor is very busy ride now. traders and specialists are bustling all over the place. they're trying to figure out what's going on. >> kelly, if you're listening in the control room, if we can get a shot of this, keep the big board up, if we can get a picture of greece and a picture of the white house briefing. i want to talk about this now. if we have anything in ...

President obama sent condolences to the families of the victims and promises a thorough investigation into the tragedy to make sure it does not happen again. the disaster is putting an intense and unwanted spotlight, meanwhile, on mine owner massey energy and the company's checkered safety record. the upper big branch mine cited 458 times for safety violations just last year. there have been more than 100 safety violations in 2010. federal mine regulators cited massey many times for inadequate ventilation and coal dust accumulation. massey has racked up a million dollars in federal fines in ...

Routes. it is not unusual for a mine to get more than one violation in a day. after all, it received 458 last year. but you can bet issues like this will come up in the just announced federal investigation into this disaster. meantime the obama administration has recently approved new environmental regulations that will change the way certain mining is done in west virginia and other parts of appalachian shah. the new rules are intended to cut pollution in our waters. critics argue the financial costs are way too high. molly henneberg with the news and new information from d.c. tonight. molly?...

Proposed back in 78, 248, the company paid 47. back in 2009, nearly 900,000. the company paid 170,000. so far, 188,000. we looked at three other mines as well. this is the one in question, upper big branch. these are other mines that produce about the same amount in tonnage in terms of coal. so we wanted to compare. at the mine in question, 2009 citations. 458. 205 at this mine, 236 at this comparable mine. 254 at this comparable mine. does it meet the ceo's test that it is as safe or safer than some of the other mines in that area. we'll continue to look at these records and the story and we'...

And mounting evidence tonight that the mine owners cost benefited the things and found it was cheaper to take the fines, than to ensure their employees would have a chance making it home alive. the president opening an easter prayer breakfast offering deepest condolences. this is the scene in west virginia as rescue teams arrive. here is what is supposed to happen in coal mines, giant fans supposed to keep concentrations of methane, the colorless, odorless gas below certain levels. if the concentrations build up, the gas can be ignited by almost any spark. the spark of walking across a carpete...