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Obama wants BP escrow account
June 14, 2010
ChartPoppers
President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster. The move comes as Obama, who will address the nation about the spill on Tuesday night, faces questions on his handling of the disaster, which was in its 55th day. Millions of gallons of oil have poured into the Gulf since an April 20 offshore rig blast killed...
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June

14

2010
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Investors Back Obama Bill Without Ban on Proprietary Trading
June 11, 2010
ChartPoppers
Global investors support U.S. legislation that would raise capital requirements for banks and strengthen consumer financial protection, even as they oppose the so-called Volcker Rule to ban proprietary trading by financial institutions, a Bloomberg News survey shows. Seven out of 10 investors support moving trades of standardized derivatives to exchanges while slightly more than half reject a rule that would force financial companies to...
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June

11

2010
1 Comments
BP’s Future at Risk as Share Plunge Fuels Takeover Speculation
June 1, 2010
ChartPoppers
BP Plc’s failure to stop an oil leak from spewing millions of gallons of crude into the Gulf of Mexico may leave the biggest oil and gas producer in the U.S. in a fight to stay independent. BP shares have plunged 34 percent since the Deepwater Horizon drilling rig leased by the company exploded on April 20, wiping more than 40 billion pounds ($58 billion) from the company’s value. That may make BP cheap enough to attract...
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June

1

2010
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House Approves Landmark U.S. Health-Care Overhaul Legislation
March 22, 2010
ChartPoppers
The U.S. House passed the most sweeping health-care legislation in four decades, rewriting the rules governing medical industries and ensuring that tens of millions of uninsured Americans will get medical coverage. Yesterday’s 219-212 vote marks the biggest victory for President Barack Obama, who will sign the bill into law. Only Democrats voted for the legislation, underscoring a partisan divide that promises to make health care...
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March

22

2010
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