Tuesday, July 20, 2010
U.S. says,Oil leak OK But BP must monitor for leaks for 24 hours
The cap was used to bottle up the oil last week, engineers have been watching underwater cameras and monitoring pressure and seismic readings to see whether the well would hold or spring a new leak.Oil and gas started leaking late Sunday, but "we do not believe it is consequential at this time," said retired Coast Guard Adm.At an afternoon briefing in Washington, Allen said BP could keep the cap closed at least another 24 hours so long as the company remains alert for leaks.
Monday, July 19, 2010
Obama Blasts GOP For Holding Unemployed
President Obama urged Republican senators to set aside partisanship and vote for a package that would provide relief to 2.5-million out-of-work Americans.
Friday, July 16, 2010
BP Says Oil Has Stopped Leaking
BP has started testing the new cap on the leaking well in the Gulf of Mexico. Also, in Washington, the EPA is discussing the use of chemicals to break up the spilling oil.In latest update, BP said the well cap continues to hold more than 15 hours after being sealed. But the ruptured well isn't dead yet, prompting a cautious tone from President Barack Obama in his remarks on the spill.
Thursday, July 15, 2010
Shahram Amiri's return to Iran
An Iranian scientist who defected to the U.S. returned home amid an escalating propaganda war between Tehran and Washington but without $5 million that a U.S. official says he had been paid for "significant" information about his country's nuclear programs.
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Apple to address iPhone
Since its release June 24, Apple's iPhone 4 has been dogged by reports of reception problems, yet demand for the smartphone has outstripped Apple's ability to keep it in stores.The Cupertino, Calif., company has called a news conference at its headquarters to discuss the issue Friday. Apple doesn't plan to recall the phone, a person familiar with the matter said.
Oil Spill Capped for a Second Day
The Gulf of Mexico remained capped for a second day Friday, providing some hope of a long-term solution to the environmental disaster.Kent Wells, a senior vice president for BP, had said that the longer the test continued the better, because it would indicate that the pressure inside the well was holding.The oil stopped flowing around 2:25 p.m. Thursday when the last of several valves was closed on a cap at the top of the well, Mr. Wells said.
CProfit Rises 76% on cut in Bad-Loan Reserve-JPMorgan
JPMorgan Chase & Co., the second- biggest U.S. bank by assets, said profit rose 76 percent, more than analysts estimated, as a reduction in provisions for soured mortgages and credit-card loans buoyed results.
Lockerbie bomber release
Thursday BP confirmed that it had lobbied the British government over a prisoner transfer agreement with Libya in late 2007. Before the release of Lockerbie bomber Abdel Baset al-Megrahi.BP signed a $900 million exploration agreement with Libya in May 2007, the same month that Britain and Libya inked a memorandum of understanding that paved the way for al-Megrahi's release from a Scottish prison.BP insisted Thursday that it was not involved in the decision to free the bomber. Al-Megrahi's release outraged many relatives of the victims and led to calls in the U.S. for a boycott of Scottish goods.
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Developments in the Gulf of Mexico oil spill
BP starts a crucial test on its ruptured oil well in the Gulf of Mexico that it hopes will lead to halting the flow of crude that has polluted the sea and shoreline since April.
Wednesday, July 14, 2010
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