Department of Justice language crushes BP oil spill settlement hopes | Reuters

Department of Justice language crushes BP oil spill settlement hopes


The Deep Sea Horizon oil platform was plagued with problems before the huge oil spill of 2010; high seabed oil pressures and a fire that killed many. Drilling for oil at great water depths where deep sea robots do the work is surely a place for the bravest pioneers; who sometimes get arrows in their backs when things do not quite work out the way managers intended.

It may be said that when the oil leak started and coastal businesses complained about an obviously impending disaster the U.S. President Barack Obama pointed the finger of blame on B.P. and it was Obama who put a price tag of $20 Billion to compensate the regions clean-up efforts and business losses. It was subsequently clear that when CEO Tony Hayward appeared before a congressional committee that the panel of questioners; had never worked in the oil business or perhaps any corporate business at the highest level were asking intrusive questions that had preordained answers of blame for the commitee. They seemed to have had opinions that were fixated on making B.P. pay probably to escape a Katerina style election defeat. Therefore it is not surprising that two years on the DoJ has a publicly fixed focus on imposing compensation on a world class viable business of $25 Billion; however it may have escaped the notice of the DoJ that the president himself asked for a lessor penalty.

Perhaps the fate of B.P. has as much to do with politics as it does for being brave pioneers to fuel all our lives with liquid gold. The technical mistakes made that involved many sub-contractors has shed a whopping $90 Billion off the share price value and if a final settlement is not made soon the future of the company may be in doubt with persisting uncertainty in America and also the company's Russian exploits.

Perhaps this collectively suggests a future asset sale to pay off debt/ compensation claims and a disintegration of what has been an excellent enterprise that has served the world.

But the U.S. Government awarded the contract, knew the risks and were responsible for health and safety inspections, perhaps the government of Obama should be sharing the risks by sharing the compensation bill. That would save thousands of jobs around the world and in America.

Facebook stock slide continues - Yahoo! Finance UK


Facebooks share value has fallen from a peak at the IPO a few months ago from $45 to yesterdays $17:55. That sounds shocking but actually the value of the shares was far too high at the outset; it was based on a gearing of X6. So with earnings of $3+ Billion the IPO price should have been $18 a share.

The company has been struggling with rasing advertising revenue which is set to drop as corporations realise that social netwoks don't actually manage to sell much and are being percieved as a place for brand name building called secondary advertising. Their is also a lot of pressure from the mobile market where Facebook have so far failed to make much of an impression; this suggests that the next publication of the company accounts will show a fall in advertising revenue as internet surfing habits change from being centred on P.C.'s.

The price could easily keep falling to a range of $3-$6 in the coming year.

Barclays Bank: More Rumors

Barclays Investigated Over Qatar Payments


Barclays was investigated recently about allegations that the Libor rate was rigged. And now another scandel is being investigated by the Financial Services Authority about avoiding to seek a government bail out to remain a solvent business during the banking crisis by arranging funds of five and a half billion pounds from Middle Eastern investors in Qatar and Saudi Arabia. Expect the stock value to be impacted.

Samsung Now Faces a U.S. Ban

Samsung Faces a U.S. Ban And a $3 Billion Fine

Samsung is set to lose The U.S. mobile device market share if Apple's request to a Californian court succeeds to impose an American Wide ban of 9 Samsungs products that a jury has already ruled infinges seven of Apples' patents. The jury said that the patent infringments were 'Wilful', this judgement opens the door for the judge to fine Samsung a maximun of $3Billion and it looks like further action by Apple will ban Samsungs Android and Tablet devices.

A ban of these products may lead to Samsungs shares crashing an estimated 25% as market share may be wiped-out over night; This could have a contagon effect if the ban crosses to other major markets such as the EU which is the worlds largest and Asia Pacific countries; however the latter is not so likely.

Samsung Shares Plunge After Patents Verdict - Yahoo! News UK


Samsung may face a hike in compensation claimed by Apple to a maximum of $3B and lose market share if a US wide ban of many mobile products is imposed. As a result of this uncertainty Samsung shares have already dropped by almost 7% and market views suggest further losses of the stock value. As future anticipated outcomes are priced into the share market.