B2B sfyh.comNEW ORLEANS – Victims of the Gulf of Mexico oil spill should start getting bigger payments faster, the administrator of the fund set up to help them said Saturday.
Kenneth Feinberg said he was responding to criticism from residents and businesses.
“They feel despair, they feel helpless, they feel abandoned,” Kennon said. “These are all mom-and-pop shops. [...]
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NEW ORLEANS – Oil giant BP PLC on Wednesday planned to release the conclusions of its internal investigation into the rig explosion that killed 11 workers and led to the massive Gulf of Mexico spill.
BP was unlikely to place too much onus on itself, given the hundreds of lawsuits and billions of dollars of liabilities [...]
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Sumitomo Mitsui Profit Triples as Bad-Loan Costs Fall
Sumitomo Mitsui Financial Group Inc., Japan’s third-largest bank by assets, said first-quarter profit tripled, beating analysts’ estimates as bad-loan charges fell and trading income climbed.
Net income jumped to 211.8 billion yen ($2.4 billion) in the three months ended June 30, from 72.8 billion yen a year earlier, the [...]
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Microsoft Profit Jumps; Sales Climb Most in Two Years
Microsoft Corp., the world’s largest software maker, reported fourth-quarter profit topped analysts’ estimates after customers purchased more personal computers running the Windows operating system.
Net income climbed to $4.52 billion, or 51 cents a share, compared with the 46-cent average of estimates compiled by Bloomberg. Sales rose 22 [...]
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Amazon.com Forecast Misses Estimates on Kindle Cuts
Amazon.com Inc., the largest Internet retailer, forecast third-quarter profit that missed analysts’ estimates after it cut prices on the Kindle, its best- selling product, and as falling currencies erode overseas sales.
Operating income in the current period will be between $210 million and $310 million, Amazon said in a statement [...]
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