News you can use

Articles written by Harry R. Weber Ap Business Writer New Orleans


Sorted by date  Results 1 - 1 of 1

  • 100 days later, BP taps new CEO

    HARRY R. WEBER AP Business Writer NEW ORLEANS

    One hundred days after the rig explosion that set off the worst offshore oil spill in U.S. history, the oil giant behind it is hoping to move beyond the losses, the gaffes and the live video that ran for weeks of the busted well coughing up massive amounts of crude every second. British Petroleum is replacing CEO Tony Hayward with Managing Director Robert Dudley, selling $30 billion in assets and setting aside $32.2 billion to cover the long-term cost of the spill. It's also claiming a $9.88 billion tax credit in the second q...