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KQED Nightly Business Report November 16, 2012

Settlement and criminal pleas will bring justice to the families of the men who died when the deepwater horizon exploded. Perhaps the greatest tragedy is that the deaths of the 11 men on board the deepwater horizon could have been avoided. The explosion of the rig was a disaster that resulted from b. P. s culture of privileging profit over prudence. Reporter b. P. Has agreed to plead guilty to 11 counts of felony manslaughter and one felony count of lying to congress. In addition, two b. P. Supervisors on the deepwater rig have been charged with 23 counts of manslaughter. Another b. P. Executive was charged with lying to congress. B. P. Will also pay a record setting 4 billion in criminal fines and penalties. Thrown in with the criminal charges is a civil settlement with the securities and exchange commission. B. P. Will pay more than half a billion dollars to settle charges it lied to investors, telling them the macondo spill was onetenth its actual size. B. P. Executives made numerou ....

United States , New York , Loyola University , District Of Columbia , Sylvia Hall , John Kanas , Jerika Miller , Tom Hudson , Sergio Marchionne , Susie Gharib , Ben Bernanke , James Schrager , Securities Exchange , Big Story , Even Bigger , Silver Lining , Deep Water , End Oil , Company Type , Companies Business , Way Way , Economic Data , Natural Disaster , First Time , Unemployment Benefits , Lower Energy ,

KQED Nightly Business Report November 17, 2012

That hardly ever happens and it reflects the new postelection mood of cooperation. House Speaker John Boehner called the meeting very constructive. I outlined a framework that deals with reforming our tax code and reforming our spending. And i believe the framework that ive outlined in our meeting today is consistent with the president s call for a fair and balanced approach. Reporter to Republican Leaders balance means some higher tax revenues are paired with reductions in spending and changes in entitlement programs. Thats a challenge for democrats, but the president seemed willing to move in that direction. Our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the peoples business. And what folks are looking for and i think all of us agree on this is ac ....

New York , United States , District Of Columbia , Robert Kelley , Sylvia Hall , Kathleen Sebelius , Suzanne Pratt , Victor Hugo , John Boehner , Richard Schulze , Peter Paul , Susie Gharib , Dayton Hudson , Speaker John Boehner , Republican Leaders , Speaker Pelosi , People Make , Social Security , American People , Big Issue , Wall Street , White House , White House Congress , House Congress , Holding Equities , Doreen Mogavero ,

KQED Nightly Business Report November 17, 2012

That hardly ever happens and it reflects the new postelection mood of cooperation. House Speaker John Boehner called the meeting very constructive. I outlined a framework that deals with reforming our tax code and reforming our spending. And i believe the framework that ive outlined in our meeting today is consistent with the president s call for a fair and balanced approach. Reporter to Republican Leaders balance means some higher tax revenues are paired with reductions in spending and changes in entitlement programs. Thats a challenge for democrats, but the president seemed willing to move in that direction. Our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the peoples business. And what folks are looking for and i think all of us agree on this is ac ....

New York , United States , District Of Columbia , Robert Kelley , Sylvia Hall , Kathleen Sebelius , Suzanne Pratt , Victor Hugo , John Boehner , Richard Schulze , Peter Paul , Susie Gharib , Dayton Hudson , Speaker John Boehner , Republican Leaders , Speaker Pelosi , People Make , Social Security , American People , Big Issue , Wall Street , White House , White House Congress , House Congress , Holding Equities , Doreen Mogavero ,

KQEH Nightly Business Report November 16, 2012

Lying to congress. That was the admission today from b. P. Two and a half years after the deepwater horizon disaster in the gulf of mexico. That disaster killed 11 people and led to the Worst Oil Spill in u. S. History. In its guilty plea, b. P. Said it deeply regrets the loss of life and almost five Million Barrels of oil that into the gulf. Darren gersh reports. Reporter Justice Department officials hope todays settlement and criminal pleas will bring justice to the families of the men who died when the deepwater horizon exploded. Perhaps the greatest tragedy is that the deaths of the 11 men on board the deepwater horizon could have been avoided. The explosion of the rig was a disaster that resulted from b. P. s culture of privileging profit over prudence. Reporter b. P. Has agreed to plead guilty to 11 counts of ....

United States , New York , Loyola University , District Of Columbia , Sylvia Hall , John Kanas , Jerika Miller , Tom Hudson , Sergio Marchionne , Susie Gharib , Ben Bernanke , James Schrager , Worst Oil , Worst Oil Spill , Oil Spill , Million Barrels , Million Barrels Oil , Barrels Oil , Justice Department , Justice Department Officials , Department Officials , Securities Exchange , Big Story , Even Bigger , Silver Lining , Deep Water ,

KQEH Nightly Business Report November 17, 2012

Congressional leaders who emerged later to say they want to move quickly to prevent automatic spending cuts and tax increases from tanking the economy at the first of the year. But as darren gersh reports, what we are not yet clear about is whether either side is willing to give up enough to get the job done. Reporter in washington, they think carefully about the pictures they want to present to the public so this mattered. All four congressional leaders democrats and republicans after meeting with the president chose to face the cameras together. That hardly ever happens and it reflects the new postelection mood of cooperation. House Speaker John Boehner called the meeting very constructive. I outlined a framework that deals with reforming our tax code and reforming our spending. And i believe the framework that ive outlined in our meeting today is consistent with the president s call for a fair and balanced approach. Repor ....

New York , United States , District Of Columbia , Robert Kelley , Sylvia Hall , Kathleen Sebelius , Suzanne Pratt , Victor Hugo , Tom Hudson , John Boehner , Richard Schulze , Peter Paul , Susie Gharib , Dayton Hudson , Darren Gersh , Speaker John Boehner , Republican Leaders , Speaker Pelosi , People Make , Social Security , American People , Big Issue , Wall Street , White House , White House Congress , House Congress ,