Tuesday, August 17, 2010

BP Anounces Funding For Stress And Depression

The Gulf coast And BP's oil spill
BP to donate $58m to fight depression, stress in oil spill states
August 16, 2010 at 9:24 PM
BP announced overnight $US52 million ($58 million) in funding for health groups dealing with stress and depression in four southern US states hit by the Gulf of Mexico oil spill disaster. "We appreciate that there is a great deal of stress and anxiety across the region," said Lamar McKay, president of BP America. "We are providing this assistance now to help make sure individuals who need help know where to...
Responders to Gulf oil spill wrap up defining week
August 16, 2010 at 6:47 PM
NEW ORLEANS — BP PLC closed the books on a defining week in an epic battle to defeat its ruptured oil well, with exhausted engineers forcing the surging crude underground with a torrent of mud and cement, preparing to make a final push to plug it from the bottom. More than three months after the Deepwater Horizon rig exploded and triggered one of the world's worst oil spills, authorities weighed how to gather evidence from the mile-(1.6-kilometer)deep waters to help investigators determine what happened — and who could be at fault. Even retired Coast Guard Adm. Thad Allen, who was brought in by the government to oversee the...
BP pledges Angola, Azerbaijan oil as it builds US spill fund
August 16, 2010 at 2:11 PM
London: BP Plc is pledging oil sales from Angola and Azerbaijan to raise $5 billion (Dh18.3 billion) of loans as it builds a cleanup fund for the worst US environmental disaster. The larger of the two loans, for as much as $3 billion, is backed by oil sales from BP's interest in fields off Angola, lenders said. A second, $2...
So much for an exit strategy
August 16, 2010 at 9:03 AM
     Aug 17, 2010 Page 1 of 3 CREDIT BUBBLE BULLETIN So much for an exit strategy Commentary and weekly watch by Doug Noland Ten-year Treasury yields dropped another 14 basis points (bps) last week to 2.68%. Yields on benchmark Fannie Mae mortgage-backed securities (MBS) sank 13 bps to a record low 3.43%. Tuesday's announcement from the Federal Open Market Committee (FOMC) further emboldened a highly speculative fixed-income marketplace....

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