InfoAnda - BP boss vows to US lawmakers to repair Gulf coast

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Greece to keep to bailout terms in 2011 budget: minister | 4 October 2010
US-TECH Summary | 21 February 2010
At least eight dead in Pakistan missile strike: officials | 22 December 2008

U.S. spy agencies see Iran pushing atom bomb research | | 20 January 2010

Forum Views () Forum Replies ()

Read more with google mobile : BP boss vows to US lawmakers to repair Gulf coast

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap BP boss vows to US lawmakers to repair Gulf coast AFP - Friday, June 18 Send IM Story Print BP boss vows to US lawmakers to repair Gulf coast WASHINGTON (AFP) - – BP boss Tony Hayward vowed Thursday the British energy giant would repair the economic and environmental devastation caused by the Gulf of Mexico oil spill as he was quizzed by irate lawmakers. "I know that only actions and results, not mere words ultimately can give you the confidence you seek. I give my pledge as the leader of BP that we will not rest until we make this right," a contrite Hayward said. Saying it was too early to pin down the causes of the April explosion on a BP-leased rig off Louisiana, Hayward pledged: "We and the entire industry will learn from this terrible event and emerge stronger, smarter and safer." BP chief: 'Unprecedented' string of failures led to spill Some lawmakers have publicly suggested senior BP officials should "commit hara-kiri" over what has become the nation's worst ever environmental disaster. Amid tight security and sitting alone at a table to face congressmen and a media barrage, Hayward was sharply criticized in his first public appearance before Congress since the catastrophe was unleashed on southern US shores. "I'm sure you will get your life back, and with a golden parachute back in England. But we in America are left with the terrible consequences of BP's reckless disregard for safety," said Democratic Representative Bart Stupak. Stupak, who chaired the hearing, was referring to a much-denounced statement in which Hayward, who has been the public face of the disaster, had said he wanted it to end so he could get on with his life. At one point, a protestor with a face and hands disrupted the hearing. "You need to be charged with a crime, Tony," she shouted. "You need to go to jail!" She grappled with police and kept shouting as she wrestled with police trying to restrain her. Tensions have been running high with millions of gallons of crude fouling the shorelines of four US states, closing down fishing waters and hitting the region's vital tourist industry. On Wednesday BP agreed to set up a 20-billion-dollar escrow fund to pay compensation claims from thousands of Gulf businesses and residents facing economic ruin. BP fund 'best news' since oil spill: Gulf residents The deal was struck after Hayward and BP chairman Carl-Henric Svanberg were summoned to the White House for talks with President Barack Obama. News of the escrow fund deal with the US administration sent BP's share price soaring almost 10 percent on Thursday, after days of falls sparked by uncertainty over its future. The fund will be run by prominent lawyer Kenneth Feinberg, who managed compensation claims by victims of the September 11, 2001 terror attacks, and will be overseen by a panel of three judges who can hear appeals. BP will fund the account in four annual payments of five billion dollars, the White House said in a statement, adding it was "neither a floor nor a ceiling" on BP's total liability for the disaster. Gulf inhabitants push for energy bill in Congress The firm's final bill will be tied to the amount of oil still spewing into the ocean each day, with US experts putting that figure at between 35,000 and 60,000 barrels. Hayward told lawmakers BP is now siphoning up an average of 20,000 barrels a day of oil to two processing ships on the surface. The US disaster coordinator, Admiral Thad Allen, said that by "sometime early next week" the company hoped to be containing 28,000 gallons -- some of which will be burnt off by one of the surface ships. And in some good news, Allen said drilling on a relief well, seen as the only way of permanently capping the spill, was ahead of schedule. "Mid-August was the target date, they're actually ahead of schedule right now, but I'm not going to guarantee it will be earlier," Allen said, citing the meticulous work needed in carrying out the work safely. "We should be very wary about hard deadlines," he cautioned. US faces balancing act over BP sanctions Analysts said BP, which has already spent some 1.6 billion dollars battling the spill and made a profit of around 14 billion dollars in 2009, should be strong enough to weather the storm even if it has to borrow more. "They have enough cash flow and quality assets that will allow it to fund that type of liability," said Jason Gammel of Macquarie Research. Amid deepening anger over the spill, Louisiana Representative Joseph Caotold told one of Hayward's colleagues this week that even the resignations of BP officials would not be enough. "In the Asian culture we do things differently. During the samurai days, we just give you a knife and ask to you commit hara-kiri," he said. Recommend Send IM Story Print News Search Top Stories GEF backs 'Great Green Wall' with 119 million dollars Europe clamps down on debt in bid to banish Spanish blues IMF head laments 'loss of momentum' in financial reform Greece make history with 2-1 win over Nigeria More than 70 miners feared dead in Colombia explosion More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Harrison Ford, Calista Flockhart tie knot: report Hubble telescope sheds light on mystery Jupiter flash Researchers zero in on 'male menopause' symptoms Sons more likely to swindle their mums: study No green light for libido-boosting drug: US FDA More Most Viewed » The point about pain: New study sheds light on acupuncture Clashes as Israeli forces storm Gaza aid boat: Hamas TV Egypt unearths tomb of pharaonic army chief Physicists solve mystery of missing neutrinos More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Friday, 18 June 2010
EU hits Iran with tougher sanctions over nuclear row
Greek debt efforts win praise from EU, IMF
Afghan mineral wealth may be at least $3 trillion
France joins probes into Google Street View
Europe could face hundreds of Iranian missiles -Gates |
GEF backs 'Great Green Wall' with 119 million dollars
Japan's Rakuten buys French e-trade leader
Dutch court delays girl's round-the-world sail bid
Afghan vows to use Japan's aid effectively
Global organized crime becoming new superpower: U.N. |
Europe clamps down on debt in bid to banish Spanish blues
IMF head laments 'loss of momentum' in financial reform
Afghan mineral wealth may be greater: $3 trillion
Greece make history with 2-1 win over Nigeria
More than 70 miners feared dead in Colombia explosion
Two Darfur rebel leaders appear before ICC |
Fresh protests at World Cup as Mandela family mourns
BP boss vows to US lawmakers to repair Gulf coast
Israel moves to ease four-year siege on Gaza
BP 'will not rest' until oil spill made right: Hayward
Hopes springs as Aussies survive Ireland scare
Regulators take step toward broadband rules |
Elders leave empty chair as Aung San Suu Kyi turns 65
Coach Huh laments wasted South Korea chances
Motorola and Sprint to sell Windows phone to businesses |
Argentina beat S. Korea 4-1, set for last 16
Vietnam to replace firing squads with lethal injections
China issues yuan warning as Hu heads to G20
Hong Kong debates political reform amid protests
Toshiba, Fujitsu to merge mobile phone business
Troops boost relief effort in Indonesian quake zone
UN says poor lose out in Cambodian courts
Toyota decides to restart Mississippi auto plant
Hollywood lobbyist hopeful China will ease access
Film challenges safety of U.S. shale gas drilling |
Candace Bushnell plays on love triangle after Sex |
Spectacular Roman remains unveiled in Sofia
South Africa shivers during World Cup party
After World Cup, Shakira to sing for Bollywood
Early English queen's remains in Germany: experts
Dutch city scraps Snoop Dogg concert
'Slumdog' filmmaker Boyle to direct 2012 Olympic show
Floods kill 25, wreck homes in French Riviera
Israel says easing Gaza land blockade |
MySpace co-president steps down
US regulators seek to create broadband rules
Private investment firm purchases Bebo from AOL
US panel approves French morning-after pill
San Francisco Council Requires Mobile Phone Vendors To Post Radiation Levels
Fox, Bloomberg duel over White House press room seat
Website Helps Parents Prepare For "Unforeseen" College Expenses
YouTube adds online video editing tool
Fire Kills Two As Young Boy Fails To Save Toddler Brother From Burning Home
U.S. Markets Edge Higher Despite Jobless Data
Eminem, Alicia Keys Added To "BET Awards" Performers Line-Up
Katy Perry Tops Billboard Hot 100 For Second Week With "California Gurls"
J.M. Smucker Q4 Profit Tops Estimates, Boosts Guidance
Pregnant Woman Attacked By Group Armed With Stun Gun, Box Cutter
Study Finds Absent Fathers During Pregnancy Linked To Infant Mortality
Obama Administration Urges Senate to Ratify Nuclear Arms Treaty
Broadcom eyes U.S. providers for tablet chip sales |
Katy Perry, Usher lead singles chart |
Snoop Dogg not welcome in Dutch city of Hague |
Israelis welcome Elton John amid boycotts
Afghan mineral wealth may be at least $3 trillion
Financial resolve pays off for Madrid
OnLive takes videogames into the Internet 'cloud'
Russian, US astronauts dock with ISS: official
Kyrgyz leader in turbulent south to ease tensions |
French leader in London 70 years after WWII appeal
Afghan debate spotlights Pentagon's mixed messages |
Aussie man jailed for blowing bubble in court
Two pilots killed as South Korea fighter jet crashes |
China: currency policy not up for debate at G20
Argentina dazzle South Korea, France face W.Cup exit
China tells G20 to keep its hands off the yuan |
Russia's Medvedev criticizes Iran sanctions: report |
Colombia rescuers fight to reach miners after blast |
US envoy presses Japan on parental child abductions
First meet for Haiti quake commission, 5 months on
New Zealand legislator's anger at China security
Clinton comment on immigration law riles Ariz. gov
Key China leader to quiz Australia on mining tax
6.3 magnitude quake strikes off Japan
Adm. Allen tours La. after stinging critism
Minimum and maximum temperatures in Celsius
Second Australian teen charged over Indian's murder
Toy soldiers run afoul of school's weapons ban
World Bank urges China to hike interest rates
S.Korean jet fighter crashes, two pilots missing
NYC man returns from 3-year sea voyage
Cannes-winning Thai seeks 'freedom, not stardom'
China says currency policy not up for debate at G20
Timor Marathon hits world sport calendar
Britain bans Indian Muslim preacher: report
Utah to execute condemned killer by firing squad
Dalai Lama arrives in Japan for speaking tour
DA: Mass. man left notes saying he killed family
Chinese jewellery: potential diamond in the rough
Sony CEO gets $8.8 million annual pay amid losses
Toyota is latest car maker hit by strike in China
World Bank says China's economy slowing
Sony CEO gets $8.8 million pay despite losses
Taiwan's top laptop maker raising China wages
Scottish Lawmaker Quits Panel After Comment On Attractive Woman
San Francisco Council Requires Mobile Phone Vendors To Post Radiation Levels
Fire Kills Two As Young Boy Fails To Save Toddler Brother From Burning Home
Early Oscar contenders scarce despite rule change |
Power Gig puts real guitar into music videogame
Hitting back against the mosquito, bane of the tourist
Americans start to embrace another kind of football
Muppets, Oprah, Buddy Holly to get Hollywood stars |
Indian epic romance Raavan is breathtaking |
Mark Twain's tribute to daughter sells for $242,500 |
Toy Story 3 set to smash Pixar opening record |
Broadcasters filtering out World Cup vuvuzelas |
Karzai welcomes Japanese investment in minerals
Nobel-winning novelist Saramago dead at 87
Spanish radio executives acquitted in 'secrets' case
High-energy E3 bodes well for videogame lovers
One million people caught up in Kyrgyz violence: U.N. |
Finnish PM tenders resignation
Japan's Hitachi creates roller-skating robot
N.Irish police uncover large bomb in abandoned van |
Sarkozy in London for 70th anniversary of WWII appeal
Bushmeat smuggling rife in Europe: report
Finland's prime minister readies to resign
Human Heads Found At Arkansas Airport
Indian Congress Party Blasts Gandhi Involvement In Anderson Escape “Outrageous”
Eminent Italian ex-priest to stand trial for abuse |
US expert sees widening resistance to malaria drug
Obama Letter To G20 Urges Tough Financial Actions
Iran calls U.N. sanctions illegal and invalid |
New York Radio Station 103.5FM KTU To Play Michael Jackson All Day For Anniversary Of His Death
New York Radio Station 103.5FM To Play Michael Jackson All Day For Anniversary Of His Death
One Dead In Shooting At Fort Gillem
Hustler's XXX Rated 3D 'Avatar' Parody Most Expensive Film In Company's History
Iraq car bombs kill 5, wound dozens |
SC Democrats Vote To Keep Alvin Greene Senate Nominee
Radical Muslim preacher banned from entering UK |
Campbell Soup Recalls Three Varieties of "Spaghettios" With Meatballs That May Be Underprocessed
Poland's Kaczynski visits twin's tomb on eve of poll |
ConAgra Recalls Marie Callender's Chicken Products Due To Possible Salmonella Contamination
2 killed, dozens injured in Minn. tornadoes
S.Lanka marks victory as war crime pressure mounts
Indonesia must resist Internet 'frenzy': president
Karzai launches sales pitch for Afghan minerals
FIFA denies North Korean players are missing
Japan growth plan bets on green-tech, health, tourism
Deep space asteroid pod comes home to Japan lab
Taiwan, China oil companies sign agreement
Regulators take step toward broadband rules |
Japan growth plan bets on green-tech, health, tourism
Reliance Industries to push into power and telecom
Sony CEO gets $8.8 million annual pay amid losses
Cuba reports little Internet and telecom progress |
Twitter a hit in Japan as millions 'mumble' online
Lead actor pulls out of Bollywood Hitler film
Early English queen's remains found in Germany
Bollywood actress marries Nepalese businessman
Nobel-winning Portuguese author Saramago dies at 87 |
Florida set for flood of Harry Potter fans |
Vatican beatifies Blues Brothers ... well almost |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01