Jul 27 Coast Guard Photos of Newest Oil Leak By Travis Daub Earlier Tuesday, a barge collided with an abandoned oil well in Barataria Bay, La., just north of an area already hit by oil from the Deepwater Horizon leak. The 20-foot gusher of oil and natural gas is… Continue reading
Jul 27 Why do Companies "Stretch Out Their Payables?" Question: I saw the story on SRC Electrical. The loan increase paradox was a good lesson. However, let me ask this question of you. What sort of payment terms do they give their… Continue reading
Jul 27 Tuesday: BP's Hayward Exits as CEO as Company Reports $17B Loss By Maureen Hoch After days of speculation, BP made it official early Tuesday: embattled CEO Tony Hayward will step down from his post and be replaced by American Robert Dudley on Oct. 1. The news comes as the company, which is still… Continue reading
Jul 27 Watch Feinberg: Indirect Oil Claims Will Be Tougher to Resolve Kenneth Feinberg, who was chosen to administer the $20 billion fund established by BP to settle near-term oil disaster claims, faces both skepticism from Gulf Coast residents and a daunting task in deciding which direct and indirect claims to approve. Continue watching
Jul 27 Watch WikiLeaks Documents Go Public: Where Should Journalists Draw the Line? Some have questioned whether WikiLeaks and major news organizations publishing the secret documents compromised the safety of American lives. Judy Woodruff gets perspective from two journalists on what is considered when publishing sensitive information. Continue watching
Jul 27 Watch BP Finalizes Leadership Shakeup, Replacing Hayward With Dudley BP confirmed that Bob Dudley will take over as CEO of the embattled oil giant in October and announced a $17 billion loss in earnings, saying it paid out at least $32 billion for compensation and cleanup of the Gulf… Continue watching
Jul 27 Watch Risk Analyst: Oil Liability Tough to Tally, But BP Will Likely Survive Soon-to-be CEO of BP, Bob Dudley, is set to take over for Tony Hayward on Oct. 1. Gwen Ifill speaks with Holly Pattenden of Business Monitor International in London about the leadership switch, the company's liability in the oil disaster… Continue watching
Jul 26 Is a Stockbroker Better Than a Dart-throwing Monkey? Question: I have heard that the actual return on investment (after fees) using a stock broker is usually less than investing in an index fund and about the same as amateur investors or even a monkey throwing a dart. Is… Continue reading
Jul 26 President Obama Urges Senate Action on Campaign Finance Disclosure President Obama spoke in the White House Rose Garden Monday to urge the U.S. Senate to join the House of Representatives in passing the DISCLOSE Act -- aimed at making political advertising more transparent after the Supreme Court's… Continue reading
Jul 26 BP Could Begin Final Oil Well Kill Procedure Next Week By Lea Winerman BP could begin taking the final steps to try to kill its blown-out oil well in the Gulf of Mexico as soon as next week, Coast Guard Adm. Thad Allen said Monday. Allen gave the most specific timeline yet for… Continue reading