b.p. boss tony hayward will step down after the company post the seventeen billion dollars second quarter loss its first in eight years he shoulder much of the blame for the poor handling of the oil spill in the gulf of mexico a british company has already confirmed that dudley one of its american executives will take over. heywood's expected to be offered a new role in the joint venture between b.p. and the russian oil company t n k n is more in that business but it's a. severe flooding and landslides caused by tarantula rain continues to sweep across southern china more than seven hundred people have died as a result of the extreme weather conditions in the country this year with one hundred still missing water levels along the upper parts of the country's largest prevent see the highest since one thousand eight hundred seventy four costa say more heavy rains are expected this week. and the european union has adopted tougher sanctions against iran's energy sector in an effort to block its nuclear program include a ban on the center of a technology new measures will come into force in th

oil and gas exploration company since the end of june believe that a deal could be arranged before b.p. post half yearly earnings on july twenty seventh. that's the latest the last stories on our website altie dot com slash business and join us in fifty minutes time for more. sanctions sailors call it the sea canary due to its high pitched twitter. this morning now on this highly communicative. want to trying to say. i'm coming to come to china which. should be a secret so. r.t. . russia would be so much brighter if you knew about someone from funniest impressions. means for instance on t.v. dot com. for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers on r t. c c c c. to. lead. the way. to. its help. this is the leaders of the world's richest countries have come on the fire at an international aids conference in vienna failing to keep their promises to fight. to this claim there's a funding shortage and more should be done to ensure universal treatment for those with the disease. the widespread use of bound corporal punishment in

exploration company since the end of june and it's believed that a deal could be arranged before b.p. posts help yearly earnings on july twenty seventh. that's the latest you can always get in touch with business that's all t.v. that's all you. hear is which are made to police children. and their health. insurance illnesses. were something. to secure themselves against. this is not a problem but the warning. they forced it and we should see scary already issued a surprise victory speech so they have no idea about the hardships that we face to . face one it is this is it is all of them to this and for any army the life of a using them is the most precious thing in the world. is of self-sacrifice and heroism with those who understand it fully but you have to live a. real life stories from world war two. victories nineteen forty five don't r.t. dot com. example of this is our senior leaders of the world's richest countries have come under fire at an international aids conference in vienna but failing to keep their promises to fight a china the conservation claim there's a funding shortage in w

b.p. you've posted a seventeen billion dollar loss today its first in eighteen years what do you what do youthink is the company's a survival plan now. well you know obviously you have if you like to some extent stabilize the situation for now. you know with the cap the well and it's not surprising that we now see these changes taking place and b.p. because they're well it's been kept until their well was actually kept it was very little b.p. could actually do to defend itself or make changes now they're moving into a different or more survival board where but there are huge question marks still very much hanging over b.p. you know they have set aside a considerable amount of money to deal with these costs but we know the united states is an extremely litigious place and nobody really has any idea of the total extent of liabilities that b.p. may have to face so it's still a very speculative situation but at least for now the company has stabilized itself all right chris we all analyst with which is one of russia's largest investment firms live from london thank you. well russia's foreign min

b.p.'s oil dispersants. he also posted video of an impromptu debate at a new orleans farmers market over off- shore drilling. you can watch a conversation with reporters from pbs stations in idaho, oklahoma and california comparing local housing and employment concerns. and on "patchwork nation," the economic view from detroit. all that and more is on our web site, newshour.pbs.org. jeff? >> brown: and that's the "newshour" for tonight. i'm jeffrey brown. >> lehrer: and i'm jim lehrer. we'll see you on-line and again here tomorrow evening with mark shields and david brooks, among others. thank you and good night. major funding for the pbs newshour has been provided by: and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like yo

posts. all the impact of the b.p. oil spill in the gulf of mexico has been as damaging to the finances as it has to the environment the crisis has forced. to step down seventeen billion dollars in losses already and force the sale of assets to pay for the cleanup and compensation claims there is now some debate over just how bad the environmental impact will be some scientists believe the effects will be felt for decades there is some evidence the leak has been clearing from the surface of the water much faster than expected time magazine's michael grunwald things exaggerating the damage is a way for some to promote their own individual agendas. just about everybody has called this the worst environmental disaster the u.s. has ever faced and i went down to louisiana last week. assuming that they were right there just doesn't seem to be a lot of evidence for that one of the scientists say to you this is like a sunburn on a cancer patient so we don't know what we don't know and the long term you know that there are cert

b.p. tony hayward will step down after the company posted a seventeen billion dollars second quarter loss its first in eighteen years is shouldered much of the blame for the poor handling of the oil spill in the gulf of mexico and the british companies already confirmed that bob dudley one of its american executives will take over in october meanwhile heywood's expected to be offered a new role in the joint venture between b.p. and the russian oil company t. and k. there's more on that in our business bulletin with stephanie in just a few minutes. defectors from north korea have sent propaganda new thoughts to the former home to mark the sixtieth anniversary of the korean war the released flyers and d.v.d.'s criticized she one writes recall accused of sinking a south korean warship in march something the north denies ceremonies have been held across the south to remember the outbreak of the korean conflict which claimed four million lives between one hundred fifty and one hundred fifty three. severe flooding and landslides caused by the rains continue to sweep across southern china more t

b.p. boss tony hayward will step down after the company posted a seventeen billion dollars second quarter last say its first in eighteen years he shouldered much of the blame for the firm's poor handling of the oil spill in the gulf of mexico the british companies already confirm bob dudley one of its american executives will take over in october meanwhile hayward is expected to be offered a new role in the joint venture between b.p. and the russian oil company in k. got more on that story in our business bulletin coming up shortly. activists in south korea have sent propaganda leaflets to the north to mark the anniversary of the korean war armistice flyers and d.v.d.'s criticizing pyongyang human rights record were released into the sky attached to balloons cross border tensions remain high fifty seven years after the end of the war the u.s. and south korea are currently conducting military exercises off the korean peninsula and discouraging the north from any attack on the south a recent international inquiry into the sinking of a south korean warship in march concluded that pyongyang w

b.p. boss tony hayward the stepped down after the company posted a seventeen billion dollars second quarter loss see its first meeting is he has shouldered much of the blame for the firm's poor handling of the oil spill in the gulf of mexico british companies already confirmed that bob dudley one of its american executives will take over in october meanwhile hayward is expected to be offered a new role in the joint venture between b.p. and the russian oil company t n k. cargo planes caught fire as it was trying to land at saudi arabia's riyadh airport the pilot and copilot were taken to hospital with minor injuries officials say the plane burst into flames and split into one landing that i haven't been to the incident. people live in what china's young see river of bracing themselves for more flooding as water levels reach the highest mark in thirty years with more rain predicted roads across the region submerged in shops will be relocating to higher ground a landslide caused by downpours in the south of the country is left more than twenty one people twenty one people missing almost a thou

b.p. until two years ago hayward is expected to leave his post as chief executive in october has been widely criticized as the gulf of mexico spill which is cost the company forty percent of its market capitalization but his replacement is no stranger to conflict deadly left russia two years ago all through dispute with local shareholders. i think mr dudley. one of the best persons to the head of b.p. at the moment. he had a history of successful manager. of a huge company i mean to be in extremely tough conditions in russia that b.p. needs right now also. i'm a. pretty old style soviet all kompany and he made one of the best. street just look at the marketing success. at a retail market in the largest a retail regional frosch in more school. probably one of the most popular get more school so the share over the retail market. is actually more than a quarter. something the finance ministry is planning russia's biggest asset sale since the early ninety's the government trying to rise up to thirty billion dollars over three years to cut the budget deficit minority stakes in ten companies are u

b.p. until two years ago hayward is expected to leave his post as chief executive in october he's been widely criticised over the gulf of mexico spill which has cost the company forty percent of its market capitalization but his replacement is no stranger to conflict robert dudley left russia two years ago after a dispute with local shareholders of b.p. there have been reports b.p. could so lucrative russian venture teeing k.b.p.s. the state owned gazprom all rosneft but oil and gas unless alexander nazar for metropol says the deal would make sense. no i don't think so and the primary reason is there probably is not there is no bias there at the market but the reason is the e.p. doesn't need to sell take a v.p. right now because he now an excellent assets for b.p. because b.p. needs now a lot of cash in order to sell down all consequences of the spiel in the mexican gulf he's an excellent cash cow and it generates several billions of dollars every year as a difference for b.p. that actually that what b.p. needs now exactly. in last several months was rumored not as an acquisition target but s

b.p. and always say the reshuffle will not recur and will dispute heywood's post does not executive director won't require his presence in russia and any greater role for him in the russo british consortium has already been ruled out. business r.t. . tunnels have a look at how the markets are doing in moscow both poles are climbing in to try to the benchmark my sex putting on zero point five percent and energy stocks which retreat is in the previous session leading with bonds is up more than one percent today off here. is a different story that i've been a zero s. talks and lowered herself express evidence that slowing u.s. growth it says on move straight and then her knock on effect elsewhere in the world to take a side against the rest as investors move to lock him profits following a two point seven percent in the previous us. u.s. oil phillips is selling its entire stake in russia's independent overdue saluki oil it's selling is the twenty percent stake for three and a half billion dollars. and this report of the lukoil will acquire almost all of this the remainder of can be sold in the

b.p. and always say the reshuffle will not recur until the dispute heywood's post does not executive director won't require his presence in russia and any greater role for him in the russo british consortium has already been ruled out. business r.t. . time nels take a look at how the markets are doing in most asian stocks are lower that's after the first evidence the slower u.s. growth hit shares of new street and then elsewhere in the world can't make a sliding into the red investors move lock in profits following a two point seven percent jump in the great recession and it was a similar end to wednesday's session here in moscow we talked of russian forces closing in the red energy names led the declines m m i six with gas probably was high during most of that all retreating close enough to raise the previous sessions games releasing around three. u.s. oil for conoco phillips is selling its stake in russia's independent oil producer luke will it selling is twenty percent stake in or will acquire almost half of its the three and a half billion dollars remainder of conoco stake will be sold in

bill with the support of the utility industry and three oil companies, including b.p., according to the "washington post." kerry never got to have his photo op with b.p. chief and other other corpt friendly chief tains. senator gralm repudiated the bill and democrats went back to the drawing board. the alliance included a cap and trade scheme for greenhouse gases pokes a hole in a favorite claim of president obama and his allies in the media that b.p.'s lobbyists have fought fiercely to be left alone. lobby records show that b.p. is no market crusader, but instead, a close friend of big government whenever it serves the company's bottom line. it goes on to point out that british petroleum has lobbied for tax hikes, greenhouse gas restraints, for the stimulus bill, the wall street bailout and for subsidies for things like oil pipelines, solar panels, natural gas and biofuels. now that b.p.'s oil rig -- in the article written," has caused the biggest environmental disaster in american history, the left is pulling the same bogus trick it did with enron and a.i.g. whenever a company earns universal ire, dec

post-show chat. you can keep tabs on b.p.'s broken wellhead on our live video feed, plus find images, blogs and other reporting from the gulf. we've followed the buzz about antenna problems with apple's iphone 4. we talk with c-net editor kent german about how the tech world reacted to steve jobs' press conference today. plus, "art beat" marks the 50th anniversary this month of harper lee's landmark novel "to kill a mockingbird." jeff talks to author and filmmaker mary murphy about the book's lasting power and popularity. all that and more is on our web site, newshour.pbs.org. jeff. >> brown: and that's the newshour for tonight. i'm jeffrey brown. >> lehrer: and i'm jim lehrer. "washington week" can be seen later this evening on most pbs stations. we'll see you on-line, and again here monday evening. have a nice weekend. thank you and good night. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation f

b.p. trading places with us lee who is head of the company until two years ago the reshuffle comes as repays postsrecord losses for the second quarter setting aside thirty two billion dollars to clean up the worst oil spill in u.s. history robert dudley will accelerate a program of us at sales to pay the bill now for more on this story we can now across live to christine to score a know all of the analysts from standard and poor's in london welcome to you christi now robert dudley the new man in charge him with a second quarter losses and b.p.'s image damaged he's got a hard task ahead of him what makes dudley the right man for the job well he's an american to begin with so you know people might think that he will be more adept at walking through the corridors of the u.s. political system and he might be better able to communicate with the american people and was the first task do you think that dudley has to do. well the first task to begin with this to plug the well that's still not done yet we're still two to three weeks away from that even though the spiel has now been contained it has not bee

b.p. tony hayward he's going to be nominated for board seat at t.n. k b p analysts say the reshuffle will not recur the dispute heywood's post does not executive director won't require his presence in russia and any greater role for him in the russo british consortium has already been ruled out. business r.t. . russia's prime minister has chaired a meeting to cut the budget deficit many by selling assets the budget deficit in russia will be lower than five percent this year according to vladimir putin that's compared with an earlier for cost of about seven percent of g.d.p. the government has cut the list of candidates for privatization dropping around the league and mortgage. companies are being paid for sale with the aim of raising at least thirty billion dollars to help the budget we can do at the companies like control groups. the first one that can be easily sellable like for instance starbucks take. the money should be and to do that thanks for listening and. there is this program progress of course for to be always going to be a bit easier. but if we're talking about a large states like ross now it's probably of course going to be on a more. pre

. >> if an employer wants to post a job, it comes through me and i contact my representative at b.p. and see if they are a legitimate b.p. contractor. >> we have employed 4,000 jobs and got a hiring list and working through our hiring list now which was over 3,200 people. so we are working the list to see which ones came through the one-stop career centers. within the next couple of weeks, we will have a number of how many people we placed in jobs. >> salary ranges from $10 to $18 an hour. the majority is oil spill cleanup. just going out to the beaches and looking for oil and cleaning the oil. >> have you come to any conclusions about what the next step is going to be to get locals in jobs? >> we very much are waiting for the state to make some of those decisions. washington is not here to tell what mississippi and louisiana what is the next step. it is a painful thing that is going on here. peoples' lives, history and culture are being affected. we have to keep our eye on it. we have to move forward. [captions copyright national cable satellite corp. 2010] [captioning performed by

tonight: b.p., the obama administration, and residents throughout the gulf are waiting to see if the gusher has finally been capped. we get the latest from joel aakenbach of the "washington post." >> lehrer: then, tom bearden examines the impact of the spill on louisiana's wildlife. >> federal scientists are keeping a close watch on critical pelican habitats, and so far, the news is pretty good. >> brown: we look at the sweeping financial reform bill passed by the senate today: what it means for wall street and main street. >> i regret i can't give you your job back, restore that foreclosed home, put retirement money back in your account. what i can do is to see to it that we never, ever again have to go through what this nation has been through. >> lehrer: ray suarez has the last of his stories from haiti six months after the earthquake. tonight: mental health problems of survivors. >> brown: and we attempt to unravel the mystery of the iranian nuclear scientist who returned to tehran today. >> lehrer: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: and by the alfred p. sloan foundation. supporting science, technology, and i

now we have a process where an employer wants to post a job with us stayswide, he contacts me, i contact my representative with b.p. and verify they are a legitimate b.p. subcontractor. >> to date we've referred over 4,000 people to jobs and we just got the hiring of this and working through our hiring list right now which is over 3,200 people on that hiring list. so we're working that list right now to see which ones came through the one-stop career centers here on the coast. so within the nerks couple of weeks we'll have a more definitive number of how many people we actually placed in jobs. >> it ranges anywhere from $10 to $18 an hour. the majority of it is for oil spill cleanup, going out to the beaches and looking for oil and cleaning oil. >> have you come to any conclusion about what the next -- >> you know, we very much are waiting for the state to kind of make those decisions. washington is not here in the state of louisiana and mississippi, what's the next step? i think it's sometimes painful. painful things going on here. the cultural, the history are really being affected by all this. the much bigger q