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BP Spill Pact Excluded Billions in Possible Loss Claims

2013-02-22 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Bill Floyd, owner of an upscale seafood restaurant near downtown Houston, is a poster-child for the type of damage claim BP Plc (BP/) left out of its $8.5 billion settlement for the biggest offshore oil spill in U.S. history. When the energy companys blown-out Macondo well dumped more than 4 million barrels of crude oil into the Gulf of Mexico in 2010, Floyd saw his costs for fresh shrimp, crab and oysters almost double overnight while his sales flat-lined. Ninety percent of our menu comes...

Tags: loss claims excluded spill

 

Russia 'losing billions illegally'

2013-02-21 12:59:16| BBC News | Business | UK Edition

Russia's central bank governor Sergei Ignatiev says that $49bn (33bn), or 2.5% of GDP, left the country illegally last year.

Tags: russia losing billions illegally

 
 

Duty on Chinese imports 'could cost UK billions'

2013-02-19 17:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Press Association: The UK could lose billions of pounds and thousands of jobs in the solar industry if the EU imposes tariffs on cheap imported panels from China, a report has claimed. The European commission is investigating if solar panels coming into Europe from China are being sold below market value known as "dumping" and benefiting from unfair Chinese government subsidies. The move by the commission, instigated last year, is the largest of its kind, with solar panels and key components worth more than...

Tags: uk cost chinese duty

 

Microsoft Losing Billions Without Office for iPad

2013-02-15 18:38:02| PC Magazine Software Product Guide

Microsoft is losing out on billions in revenue by not offering its Office suite of products for the iPad, according to a new analyst report.

Tags: office microsoft microsoft office losing

 

Analysis: Rate pressures on pensions wipe out billions in profits

2013-02-01 09:40:37| IT Services - Topix.net

Pension charges wiped out more than $20 billion in fourth-quarter earnings at major American companies, as persistently low interest rates leave some of those with the largest retiree burdens no choice but to assume they need more money now to cover liabilities later.

Tags: rate analysis profits pressures

 

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