Content Tagged As billion

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  • BP Agrees to $1 Billion Settlement with MOEX

    May 20, 2011 8:37 AM

    LONDON (AP) - MOEX Offshore 2007 LLC, one of BP's minority partners in the blown-out Deepwater Horizon well, has agreed to pay the British oil company $1.065 billion to settle all claims between the companies over the accident in the Gulf of Mexico. BP said Friday that it would continue... more »
  • Gymboree agrees to $1.8 billion buyout by Bain

    October 11, 2010 10:26 AM

    SAN FRANCISCO (AP) - Children's clothing retailer Gymboree Corp. is being purchased by affiliates of asset management firm Bain Capital for $1.8 billion. Gymboree said Monday that the deal is for $65.40 per share, a 24 percent premium to Gymboree's Friday closing stock price of $52.95. The retailer, based in... more »
  • Nucor Corp. Has Chosen a LA Site for a $2 Billion Pig Iron Plant

    September 15, 2010 12:26 PM

    NEW ORLEANS (AP) - A state lawmaker says Louisiana officials will announce Wednesday that steelmaker Nucor Corp. has chosen a Louisiana site for a $2 billion pig iron plant. Rep. Alton Aubert of Vacherie says he was informed of the decision Wednesday by the administration of Gov. Bobby Jindal. The... more »
  • $1.8 Billion Coming for Orleans Schools

    August 25, 2010 8:22 PM

    NEW ORLEANS (AP) - Sen. Mary Landrieu says she's been informed by President Barack Obama's administration that New Orleans schools are about to get $1.8 billion in federal money to cover damages from Hurricane Katrina. Landrieu said in a news release Wednesday that the announcement will be made by the... more »
  • BP's Gulf Oil Spill Costs Rise to $6.1 Billion

    August 9, 2010 9:06 AM

    NEW ORLEANS (AP) - BP says its costs to respond to the massive oil spill in the Gulf of Mexico has risen to about $6.1 billion. That includes expenses for relief well drilling, the static kill and cementing procedure done on the blown out oil well, grants to Gulf coast... more »
  • Administrator of $20 Billion Only For The Victims Who Were Harmed by the Tragedy

    July 21, 2010 11:59 AM

    WASHINGTON (AP) - The administrator of a $20 billion Gulf oil spill compensation fund says he's working only for the victims who were harmed by the tragedy. Kenneth Feinberg said Wednesday that the fund will be "up and running in August," and will be both generous and fairly administered. However,... more »
  • BP Selling $7 Billion in Several Major Assets to Help Oil Spill Expenses

    July 20, 2010 4:26 PM

    NEW YORK (AP) - BP PLC says it is selling several major assets to Apache Corp. for $7 billion to help pay the costs from the Gulf of Mexico oil spill. The proceeds will go towards a $20 billion fund to help pay cleanup costs and damages from the spill.... more »
  • $1.7 Billion Coal-Fired Power Plant

    July 19, 2010 11:16 AM

    TEXARKANA, Ark. (AP) - Two organizations have asked a federal judge to halt construction of a $1.7 billion coal-fired power plant in southwestern Arkansas. Audubon Arkansas and the Sierra Club said Monday they filed a motion in federal court in Texarkana, claiming the construction is destroying wetlands. Owners of a... more »
  • $20 Billion From BP Being Paid Out Early August

    July 15, 2010 12:25 PM

    METAIRIE, La. (AP) - The $20 billion that BP has set aside to pay for losses caused by the Gulf of Mexico oil spill will start making payments in early August. Ken Feinberg, who is in charge of paying individuals and private businesses for their lost income, told a meeting... more »
  • Lawyer Who Handled Payouts For 9/11 Will Administer $20 Billion To Victims Of The Spill

    June 25, 2010 7:04 PM

    LAROSE, La. (AP) - Kenneth Feinberg, the lawyer who handled payouts for families of Sept. 11 victims and will administer the $20 billion fund set up to compensate victims of the BP oil spill in the Gulf of Mexico, spent about an hour Friday answering questions and explaining how the... more »
  • Oil spill response-$1.6 billion

    June 14, 2010 11:26 AM

    NEW ORLEANS (AP) - BP's costs for responding to the massive oil spill in the Gulf of Mexico have risen to $1.6 billion. According to a company news release, that includes new $25 million grants the British oil giant has given to Florida, Alabama and Mississippi. It also includes the... more »
  • House Members Expect A Full Day Of Haggling Over The $25 Billion Budget

    June 4, 2010 1:07 PM

    BATON ROUGE, La. (AP) - House members expect a full day of haggling over the $25 billion budget bill to pay for state operations next year. House debate on the budget began Friday morning. The House and Senate remain in a near-stalemate over financing plans. To make the numbers work... more »
  • Airlines lose $1.7 Billion From Volcano Ash :Blame Game Begins

    April 21, 2010 9:37 AM

    Airlines lost at least $1.7 billion in revenue during the volcanic ash crisis, an industry group said Wednesday as the debate heated up over European governments' handling of a week of airspace closures. Planes were flying into all of Europe's top airports - London's Heathrow, Paris' Charles de Gaulle and... more »
  • $29 Billion State Budget Must be Rebalanced

    April 15, 2010 4:13 PM

    BATON ROUGE, La. (AP) - House Speaker Jim Tucker said lawmakers want to close the state's $319 million deficit within two weeks, hoping to tap unspent funds in state agency accounts while seeking to avoid furloughs of state employees. The $29 billion budget must be rebalanced before the fiscal year... more »

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