Posts Tagged ‘billion’

BP replaces CEO Hayward, reports $17 billion loss (AP)

BP Plc (British Petroleum) Executive Vice President for the Americas and Asia Robert Dudley speaks at the Boston College Chief Executives' Club in Boston, Massachusetts May 6, 2010. BP Plc is expected to install an American troubleshooter as chief executive in the next 24 hours, replacing Tony Hayward, who has come under fire for his handling of the worst oil spill in U.S. history. Dudley, the U.S. executive managing the response operation to the spill in the Gulf of Mexico, is poised to get the top job in a move that could soften U.S.-led attacks on the British oil major, sources close to the company say. Picture taken May 6, 2010. REUTERS/Adam Hunger/Files (UNITED STATES - Tags: DISASTER ENVIRONMENT ENERGY BUSINESS)AP – BP’s embattled Chief Executive Officer Tony Hayward will be replaced by American Robert Dudley on Oct. 1, the company said Tuesday, as it reported a record quarterly loss and set aside $32.2 billion to cover the costs of the devastating Gulf of Mexico oil spill.


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BP’s cost over Gulf oil spill reaches $4 billion

The cap holding back the oil gusher on BP’s broken well will stay in place at least one more day, officials said Monday, as the British oil giant said the spill’s cost has now reached $4 billion.

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You could be owed a piece of $10 billion

The state is sitting on $10.5 billion that belongs to Angelina Jolie, the fat cats at Goldman Sachs – and maybe even you.

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US trade deficit widens to $42.3 billion in May (AP)

In this July 8, 2010 photo, shipping containers are stacked at the Port of Miami in Miami. The U.S. trade deficit widened in May to the highest level in 18 months as a rebounding economy pushed up demand for imports of foreign-made cars, computers and clothing.(AP Photo/Wilfredo Lee)AP – The U.S. trade deficit widened in May to the highest level in 18 months as a rebounding economy pushed up demand for imports of foreign-made cars, computers and clothing.


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BP costs for oil spill response pass $3 billion (AP)

An oil cleanup worker rakes the sand along the beach in Dauphin Island, Ala., on Sunday, July 4, 2010. Workers nearly outnumbered tourists on the beach. Oil from the Deepwater Horizon disaster continues to wash ashore along the Alabama and Florida coasts. (AP Photo/Dave Martin)AP – BP’s costs for the disastrous Gulf of Mexico oil spill climbed nearly half a billion dollars in the past week, raising the oil giant’s tab to just over $3 billion for work on cleaning and capping the gusher and payouts to individuals, businesses and governments.


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Obama announces $2 billion for solar power (AP)

President Barack Obama, with his blazer slung over his shoulder, walks over to wish Air Force members and their families a Happy Fourth of July, at Andrews Air Force Base, Md., Friday, July 2, 2010, before boarding Marine One for a trip to Camp David, Md. At left is White House photographer Pete Souza. (AP Photo/Charles Dharapak)AP – President Barack Obama announced Saturday the awarding of nearly $2 billion for new solar plants that he said will create thousands of jobs and increase the country’s use of renewable energy sources.


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BP Gulf spill costs hit $2 billion, no end yet (AP)

FILE - In this June 6, 2010 file photo, Beachgoers watch booming operations in Perdido Pass in Orange Beach, Ala. Alabama booming operations are being ramped up with oil from the Deepwater Horizon disaster hitting the coast. When an Associated Press reporter went scuba diving in the oil-streaked Gulf of Mexico this month, people commenting on websites worried about his health. But at the same time, the oil sure didn't bother some beachgoers in Alabama. (AP Photo/Dave Martin, File)AP – BP has spent $2 billion in two months of fighting its Gulf of Mexico oil spill and compensating victims, with no end in sight to the disaster or the price tag.


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