well company b.p. has doubled one age dividends for its british shareholders of b.p. b.p. has paid one point six billion dollars to its british partners in dividends overall net profit for the period stands at four and a half billion dollars almost double last year's results meanwhile b.p. has reported a net profit of twelve point seven billion dollars for the first six months of the year that's against a loss of eleven billion dollars in the first half of two thousand and ten caused by the oil spill in the gulf of mexico. and a quick check on the markets oil is trading marginally up that's despite a warning from u.s. president that the country's debt deadlock threatens to damage the u.s. economy the world's largest group consumer european stock markets are trading flat on tuesday with oil giant b.p. swiss bank u.b.s. and chip maker microelectronics all dropping to disappointing results b.p. fell to the half a percent in london after its its earnings missed market expectations on low production volumes here in russia markets are trading mixed. analyzing this point two perce

the ok b.p. has paid one point six billion dollars through its british partners in dividends overall net profit for the period stands at four and a half billion dollars almost double last year's results meanwhile b.p. has reported a net profit of twelve point seven billion dollars for the first six months of the year that's against the loss of eleven billion in the first half of twenty ten caused by the oil spill in the gulf of mexico. despite a pleads of pause expansion russia's d.t.b. bank is weighing up a new purchase in the express credit markets the country's largest lender is considering buying a ten percent stake in home credit be the by the autumn. this will be a portfolio investment to be to be wants to buy a stake in the bank ahead of home credit bibi's listing the i.p.o. of a twenty five percent stake is expected to raise around one billion dollars the company's key asset is home credit and finance bank in russia the bank holds a quarter of the instant credit markets there's a reason el gr

tank a b.p. has paid one point six billion dollars to his british partners in dividends overall net profit for the period four and a half billion dollars almost double last year's results meanwhile b.p. has reported a net profit of twelve point seven billion dollars for the first six months of the year that's against a loss of eleven billion dollars in the first half full twenty ten caused by the oil spill in the gulf of mexico. a quick look at the markets now all reversed from early gains alone brand has added twenty cents investors are concerned that the u.s. debt deadlock may down into the economy of the world's largest consumer of stocks in the u.s. open mostly low as lawmakers remain in a standoff over how to contend with federal debts and also ahead of the conference board's consumer confidence index for too long the european stock markets are trading plots with giant b.p. suisse bank u.b.s. and chip maker and steve tronics dropping off two disappointing results b.p. fell two and a half percent

doubled first on evidence for its british shareholder b.p. . has paid one point six billion dollars to its various partners in dividends overall net profit for this period stands at four and a half million dollars almost double last year's results however meanwhile b.p. has reported a net profit of twelve point seven billion dollars for the first six months of the year that's against the loss of eleven billion dollars in the first up twenty ten it was caused by the oil spill in the gulf of mexico. despite a pleader pause expansion russia's b.c.b. bank is weighing up a new purchase in the express credit markets the country's second largest lender is considering buying a ten percent stake in home credibly be by autumn this will be of all thoroughly investment d.c.d. wants to buy a stake in the bank ahead of the home listing an i.q. of twenty five percent stake is expected to raise around one billion dollars companies key asset is home credit finance bank and russia bank holds a quarter that's incredible. it's an exam l. group and germany's eon have p

welcome to business here in our oil company tank a b.p. has doubled first have to dance for its british shareholder b.p. tanking he has paid one point six billion dollars to its british partners and dividends overall net profit for the period stands at four and a half billion dollars almost double last year's results meanwhile b.p. has reported a net profit of twelve point seven billion dollars for the first six months of the year that's against a loss of eleven billion dollars in the first half of two thousand and ten caused by the oil spill in the gulf of mexico. a quick check on the markets all three of us from earlier games as investors concern that u.s. debt deadlock may damage the economy of the world's largest consumer u.s. stocks opened mostly lower as lawmakers remains in a standoff over how a contend with the federal debt and also ahead of the conference board's consumer confidence index for july a european stock markets are trading flat on tuesday with oil giant b.p. swiss bank u.b.s. and chip maker steve microelectronics all droppi

well company has doubled sort of first hard evidence for its british shareholder b.p. b.p. has paid one point six billion dollars to its british partners in dividends overall net profit for the period stands up for a half billion dollars almost double last year's results meanwhile b.p. has reported a net profit of twelve point seven billion dollars for the first six months of the year and that's against a loss of eleven billion dollars in the first out of twenty ten which was caused by the oil spill in the gulf of mexico. it's moved to the markets now well is trading marginally up that despite u.s. president warning the country's debt deadlock threatens to damage the u.s. economy the world's largest crude consumer that's limiting gains. e.u. markets open flats not much direction still seems to negative by just the not chase bank profits did beat expectations while u.b.s. profits fell short so banks are moving all over the place automakers are losing the most in frankfurt and in russia not much direction either the r.t.s. is out half a percent a nice six down by and not chang

find in these documents that they're demanding be revealed what they're saying essentially is that b.p. . has ruined valley for the deal should have been through the b.p. vehicle and that if it had been then there holding in that vehicle would have been greatly enhanced they made a lot more money so that's basically what they're claiming is is financial compensation what about the the fact there b.p. potentially knew that there was this shareholder agreement and the it was that they had to go through. all of the exploration. i mean clearly there's a bigger dispute here there's a bigger issue i mean b.p. will say yes we knew about it that's why we made the deal conditional we tried to satisfy that condition we weren't able to therefore the deal fell away i think the claim is suggesting that you know there's been something that's that's some wrongdoing effectively and that's what we have to see so right now lawyers of the representing the minority shareholders are saying damages could be five to ten billion dollars. well sounds a bit steep from where i'm sitting and again we'll have to see we'l

b.p. russia has only won the world league once before nine years ago. shows their shirts the ball i remember the entire final game against brazil including the fifth since the winning point yes we won the world league but we need to keep working because we are not like the brazilians who used to win the tournament for an impressive eight years in a row which was a round the second time and so we have to continue to work. let's move on to football now where argentina. through to the quarterfinals of the copa america after thrashing costa rica in their final group game massing company vindicating themselves fall through jaws and that opening matches the barcelona style strike a failed disposal stand again box set ups are here or where it's wise words for us came late in the airplane half stoppage time with the second doubling argentina's lead in the fifty second minute there and. then added this girl sending his side in to record his three male audience in a gold mine from the second spot in the group where colombia finished top of the table. elsewhere pi

b.p. russia has only won the world league once before nine years ago. shows those shots of i remember the time final game against brazil including the windy point yes we won the world. but we need to keep working because we are not like the brazilians who used to win the tournament for an impressive eighteen years in the row which was a are only second talking so we have to continue work. football lawwell agency and all through to the quarterfinals of the copa america after thresh in costa rica in their final group a game messing company vindicating themselves with two losses in the opening match in the championship. like a failed to school this time again he set up so here where out twice on monday nights. and purpose school beyond any doubt registering a confident victory for the favorites and sending them into the quarter finals. to live a full minute while are engaging increases in activity in china for the first time ever the reds touching down in one show where they will play a local second division club on wednesday that saw in the cave team will

b.p.'s bottom line. the verdict is still out. vis-a-vis, it's in the market shell has gone up. the stock of b.p. still down 27%. so they haven't seen the benefits just yet. >> yeah, i mean a lot comes down to dudley. he is the new broom, he is the new guy, clearly investors want him to have a strategy that works. you say it's a clear one but doesn't seem really to be endorsed by the markets as yet. i think one of the things that people are noticing is that b.p. benefits less than its rivals from this rise in crude prices. the jury seems to be still out on whether dudley is a good thing at the head of b.p. >> he has the wind at his sails right now, in his sails. the average price of crude in the quarter was $113 a barrel for north sea brand. that's significantly up $78 so he should be doing much, much better because the oil prices on average are up nearly $30 a barrel but it's easy to recover from things of this sort. he sold fields to focus on some of the emerging market and deepwater wells in india, russia, and the kar becaribbean. that's not something you can do overnight. i think institutiona

has doubled first have to dance for its british shareholder b.p. tanking he has paid one point six billion dollars to its british partners and dividends overall net profit for the period stands at four and a half billion dollars almost double last year's results meanwhile v.p. has reported a net profit of twelve point seven billion dollars for the first six months of the year that's against a loss of eleven billion dollars in the first half of two thousand and ten caused by the oil spill in the gulf of mexico. a quick check on the markets all reversed from early gains as investors concern that u.s. debt deadlock may damage the economy of the world's largest crude consumer u.s. stocks opened mostly lower as lawmakers remains in a standoff over a hollow.

b.p. commission has recommended or whether american taxpayers will have to pick up the entire tab. we are saying that they should pay the fee. the american petroleum institute should pay the fee. the oil industry should have to pick up the tab and right now, we do not have an ability to debate on the house floor. when people go to get their cars inspected, to ensure they are safe, and not a threat to the environment, they pay a small fee. but the oil and gas industry, which is recording the largest profits in the history of the world, doesn't have to pay a fee to get some of their rigs inspected to ensure that we don't have another deepwater horizon disaster. the american people want these rigs inspected to make sure they are safe, not allow oil companies to be safe from paying for more inspection fees. but when they're trying to cut the deficit, the republican majority is giving another gift to the oil industry, straining our oil safety agency. more than one year after the b.p. spill, it is still business as usual. the chair: for what purpose does the gentlewoman from california r

b.p. oil spill, new orleans has a new mayor with a new plan on how to run the city.u says it's time to rebuild this place, not into what it was, but into what it can be. as we first told you in may, he brings his own brand of intensity to the big easy. and like many people who live there, landrieu is in the middle of a love affair with his troubled city, as we discovered when we caught up with him during mardi gras. ♪ ♪ new orleans is a rich gumbo of french, spanish, and afro- caribbean culture that's been slow cooking for three centuries. tourism here is a $5 billion a year industry, and the biggest draw is mardi gras. ♪ ♪ beneath the mardi gras masks and the makeup, buried deep in the music, is an energy in new orleans like no place else in america, and mayor mitch landrieu moves to it with his own rhythm of leadership. i get the impression that you're having as much fun as the people are. >> mitch landrieu: i love mardi gras. i'm a street rat. i told you, i really, really enjoy it. >> pitts: yeah? >> landrieu: it's a lot of fun. >> pitts: mardi gras is a two- week

b.p. spilled oil all over the gulf coast? you forget that, huh? >> greg: here is the thing there has been a great safety record before b.p.t was a political response. you see it was a horrible tragedy and you see the birds and stuff. the moratorium was political response and it hurt a lot of people. it compounded what was an ugly thing. but the fact is the drilling is necessary. and it's very safe, it's -- there is always element of risk but if i had my way we would drill everiy, including disneyland. >> kimberly: drill baby drill. >> eric: this is going to egypt, china, brazil in a word, i know you want to move on to stuff but in a word this is the obama administration's energy policy drill there and pay for it here. awful. terrible. >> kimberly: the rig cost $13 billion throughout the region, shed hundreds of thousands of jobs. if there was one accident on the highway do you shut down the entire highway? >> andrea: this administration came this close to being held in contempt of court by the federal port, because they weren't going to lift their moratorium. they were forced to do it. that is why they did it. held accoun

b.p. is continuing its international expansion the company has agreed to buy a forty five percent stake in an exploration project in the amazon forest area covers around fifty thousand square kilometers and holds over five hundred million barrels in or the equivalent sources close to the us a team to b.p. could be paying up to one billion dollars stake. a year voyage check the prices on the global markets and oil is low with investors concerned about the worsening debt crisis in europe that it may slow the economy anyway on fuel demand because this is pushing below. those markets opened after a measure of build confidence showed of bit of improvement in july and they're pretty much maintaining this kind of going that makes downturns enough that downward. opium stocks ended the monday on a negative note down one and a half percent stress test results have shown members may have to raise additional cash banks are beating the downside valley airport for phenomenon of banks. and this is the closing picture for monday's trade in the rush hour also a sea of red across the board r.t.s. down one p

b.p. to defeat him so we have this stalemate situation which has not really benefited anyone and i think the as a whole the libyan people are suffering on a. virus a lot of there's been some news reports that france is in direct talks with members of the khadafi regime though just prior to that france condemns italy for calling for a cease fire and then simultaneously have khadafi spokespeople say there should be a cease fire should be approved prerequisite for some kind of negotiations so it looks like there is there are elements there that people want to talk what's wrong with the libyan proposal a cease fire to talk no more bombing and see where we go what do we have to lose. the main issue is that we have a very serious credibility problem and credibility problem comes from forty two years. when he was ruling but also a credibility problem long ago on the really low to go the west in the race mr gadhafi remember remember all the pictures with tony blair with you know obama with you know the elite of the west i mean so there is a credibility issue but i mean it goes back and forth right.

b.p. is russian joint venture should be the primary vehicle for arctic exploration. the us has come up with an eleventh hour plants a result of that that ceiling it's hoped the plan will help the country avoid a technical default that includes deficit cuts all four trillion dollars and calls for tax increases over one trillion chief strategist of i'm sure bank chris we for says there might be again between promises and real cuts. if the government makes too many cuts and raises taxes too severely then they could cause a double dip recession they could cause some substantial slowdown in u.s. economic activity which would of course hit the u.s. federal budget. exacerbate the problem so they have to be very careful not to introduce the cuts to violently you're too quickly so we have very tricky balancing act and that's why i'm not expecting even the four trillion dollars cuts i really don't expect those to be put in place for a very long time i think that's what we're seeing no promises of cuts in order to get a deal done but there's a very big difference between promising new cou

b.p. said it would continue future loss payments for some groups like oyster harvesters. >> tom: meanwhile, exxon mobil has a deadline for cleaning up its yellowstone river oil spill. the u.s. environmental protection agency gives the oil giant until september 9th to clean up the montana spill. an estimated 42,000 gallons of crude escaped when a pipeline under the river burst last friday. some of that oil has reached as far as north dakota as heavy rains have caused the river to swell. >> tom: a lot of investor hope has been hung on the second half of the year, but tonight's market monitor is nervous about the next six months. sandy lincoln is the chief markets strategist for bee-mo asset management u.s. he joins us from the c.m.e. group in chicago. always good to see you. six months ago you were advising caution for the second half of the year. now that we're here, are you still cautious? >> we're cautiously optimistic. i think we still feel stocks are the place to be, you still want to favor stocks over bonds but the market which has been lifting all ships the last couple years is going to be more discri

b.p. spill last summer taught us anything, it's that exploring for energy has safety risks. but as we first reported in november, that can get lost in all the excitement. what's increasingly evident is that shale gas is overwhelmingly abundant right here in the u.s.a. >> aubrey mcclendon: in the last few years, we've discovered the equivalent of two saudi arabias of oil in the form of natural gas in the united states. not one, but two. >> stahl: we have twice as much natural gas in this country-- is that what you're saying?-- than they have oil in saudi arabia? >> mcclendon: i'm trying to very clearly say exactly that. >> stahl: aubrey mcclendon is the c.e.o. of chesapeake energy, the largest independent gas producer in the country. he's on a mission to get us off foreign oil and dirty coal. gas has nearly half the carbon emissions of coal, and no mercury. but natural gas is still a fossil fuel. >> mcclendon: so is it perfect? no. the answer is, it's not perfect. but for the next 20 years, natural gas is probably our best bet. and the good news is, we've got it. and we've go

has the move in the country closer to the ship. and that a multibillion dollar lawsuit is in the cards over b.p.'s rail deal with balls that will have more on that in business in twenty minutes. a very welcome gee this is our sea lion from moscow e.u. leaders have gathered in brussels for an emergency summit on how to come up with the cash promise for a second bailout to greece the heads of state is said to be considering a new bank tax to pay roll out things and stave off a looming defunct but with a family in spain now showing the first symptoms of the debt epidemic are fresh tensions between the attendees. squabbles have already broken out with germany pessimistic about the families and france calling for long wide unity but it's also easy daniel bushell reports the in fighting is continuing while the euros future hand that. the single currency will be did within two years warn analysts within the european debt crisis there is a really very serious threat to. the euro might disintegrate. the eurozone might collapse it's already too late to save the greek economy according to a majority of lead

b.p. didn't get to participate in this partnership and dance might have had losses. by the second leg of the markets will start with crude which has had a very volatile day in light sweet at the moment it's flirting with the one hundred dollars per barrel mark as hope improves about the fate of global economy and therefore global demand and now why is that we'll take a look in just a second u.s. markets opened strongly that's after morgan stanley. the smaller than expected course of the last this is driving financials forward the bank itself was up at one point around six percent jobless claims however came out with a slight increase but a lot of the drive is coming from europe where the markets also ended in positive territory chancellor merkel and french president sarkozy agreed on a joint approach to greece's debt crisis ahead of today's t u summit and as i mentioned that in turn pushed oil prices higher and therefore russian markets had a very positive ending the first day straight up one point nine percent my six one point six percent also low unemployment rates and accelerates of retail sales in june helped let's take a look

b.p.'s and u.s. steel raised concerns that the economy is weakening here in russia markets closed makes with the test pointing upwards and the united states in the red cross has declined for a third day raising an early game of as much as four percent all majors were among the main losers amid weak accrued rosneft and half a percent down a look or lost over a third of a percent bucking the trend to produce gold game point three percent after cuz i told purchased eighty nine percent of the company to reverse takeover all the costs of ready to be capital wraps up today's trade. in terms of training well and the market remains very quiet and there's a largely not trying to be a change change their positioning you know this leave resolution of the situation in europe and the us the focus on ascension and in the morning i was was on the oil prices and a slightly more president within asia but later on i was the optimist disappeared as in reality there are no real buyers and view oil prices unfortunately not really translating into the prices over russian stocks it is a little bit but not to the extent she would hope and that's how it looks and it will end quote cl

b.p. did make it clear there was an opportunity for cool reaching this would have done as a result. to produce a bit of this partnership i'm gone might have lawsuits. the u.s. has come up with an eleven power plant super's solve the deadlock over its that ceiling and it's hoped the plan will help the country avoid a technical default that includes deficit cuts off four trillion dollars and calls for tax increases of one trillion dollars but chief strategist offline she bank first we first says there might be again between promises a real cuts. if the government makes too many cuts and raises taxes perhaps too severely then they could cause a double dip recession they could cause a substantial slowdown in u.s. economic activity which would of course hit the u.s. federal budgets and then exacerbate the problem so they have to be very careful not to introduce the cuts to violently you're too quickly so we're very tricky balancing act and that's why i'm not expecting even the four trillion dollars cuts i really don't expect those to be put in place for a very long time i think that's what we're seeing no more promises of cuts in order to get a deal done but there's