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Democrats Say Climate Bill Lacks Momentum After Spill (Update2)
June 16 (Bloomberg) — The BP Plc oil spill in the Gulf of Mexico is unlikely to create enough momentum to pass a comprehensive climate bill sought by President Barack Obama , say leading Senate Democrats.
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Obama Rebukes Companies on ‘Spectacle’ of Spill Blame (Update2)
May 14 (Bloomberg) — President Barack Obama singled out executives from BP Plc , Transocean Ltd . and Halliburton Co . for blaming each other in a “ridiculous spectacle” at congressional hearings on the oil leak in the Gulf of Mexico.
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KBR to Get $568 Million Army Order as U.S. Joins Suit (Update2)
KBR Inc., the Army’s largest contractor in Iraq, was picked for a no-bid contract worth as much as $568 million through 2011 for military support services in Iraq, according to Army officials.
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Trust Preferreds May Be Grandfathered in House Plan (Update2)
June 17 (Bloomberg) — U.S. banks would be permitted to count their existing trust-preferred securities, though not new securities, as Tier 1 capital under a proposal by House members negotiating the shape of the regulatory-overhaul bill.
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BP Plans to Increase Oil Recovery From Leaking Well (Update2)
BP Plc plans to increase the rate it recovers oil from its leaking well in the Gulf of Mexico after collection was halted yesterday.
Read more on BusinessWeek
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