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News at Noon

From Reuters

Investors worry about seepage at capped BP well

By Tom Bergin and Chris Baltimore

July 19, 2010

(Reuters) – Investors fretted about possible seepage from BP’s capped Gulf of Mexico well on Monday and speculation grew about assets the company may sell to pay multibillion dollar costs for its oil spill.

BP shares, which have been rallying over the past three weeks, slipped 2.6 percent after the top U.S. government spill official said that engineers had detected seepage, raising fears of problems with the cap that stopped oil spewing into the water nearly three months after a rig explosion.

A BP spokesman said the seep was detected by its engineers but it was unclear whether the source was the blown-out well, adding that seeps were a natural phenomenon in the Gulf.

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News at Noon

From Reuters

WRAPUP 3-BP stops oil spewing into Gulf, well tests continue

By Kristin Hayes and Eric Onstad

July 16, 2010

LONDON/HOUSTON, July 16 (Reuters) – BP’s (BP.L) shares rose on Friday on hopes that it has at last capped the ruptured subsea well that has been spewing oil into the Gulf of Mexico for the past three months and can now begin the clean-up.

BP (BP.N) finally choked off the leak on Thursday, the first time it has managed to cap the flow since the blowout on April 20 which has caused the worst offshore oil spill in U.S. history and an environmental disaster for the U.S. Gulf coast region.

Investors welcomed the news that the leak has been capped but remained cautious since BP needs to complete 48 hours of tests on whether the well will remain intact after a new tight-sealing containment cap was installed on the mile-deep subsea wellhead three days earlier.

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News at Noon

From Reuters

BP faces more delays in bid to staunch oil flow

By Matt Scuffham and Kristen Hays

July 15, 2010

A leak in a line connected to one of the valves in a capping device is the latest setback for the British company, which could face being barred from getting new U.S. offshore oil and gas exploration leases for up to seven years.

The group, which is in lawmakers’ crosshairs over the largest offshore oil spill in U.S. history, also confirmed on Thursday that it had lobbied the UK government over a prisoner transfer agreement with Libya in late 2007. In August 2009, the UK released a Libyan convicted of blowing up a U.S. jet, provoking an angry American reaction.

The spill started after an explosion at a rig on April 20 ruptured an undersea well and killed 11 workers, and has soiled hundreds of miles of shoreline and shut down about a third of Gulf fisheries.

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400 geese euthanized to reduce number near New York airports

New York (CNN) — Four hundred Canada geese from Brooklyn’s Prospect Park were herded into crates and euthanized last week in an effort to reduce their number near New York’s airports, according to U.S. Department of Agriculture.

Measures to lower the number of Canada geese close to John F. Kennedy and LaGuardia international airports have been in place since last summer, said Carol Bannerman, spokeswoman for the USDA’s Wildlife Services.

New York City officials asked for federal assistance with solving the goose problem after US Airways flight 1549 was cripped by a bird strike and narrowly avoided crashing by successfully landing in the Hudson River in January 2009.

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Canada geese shot to death in New Jersey

MOUNT LAUREL, N.J. – Authorities say 18 Canada geese were found beaten and shot in the head near a retention pond in western New Jersey.

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(Moorestown resident Chris) Cramer took three injured birds to a wildlife refuge over the weekend.

Mount Laurel Mayor Jim Keenan says the attack was “disgusting” and “a horrendous act against the animals.”

Police Chief Dennis Cribben says anyone charged with killing the geese faces a third-degree cruelty to animals charge.

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News at Noon

From Reuters

Fears grow as millions lose jobless benefits

By Nick Carey

July 14, 2010

(Reuters) – Deborah Coleman lost her unemployment benefits in April, and now fears for millions of others if the Senate does not extend aid for the jobless.

“It’s too late for me now,” she said, fighting back tears at the Freestore Foodbank in the low-income Over-the-Rhine district near downtown Cincinnati. “But it will be terrible for the people who’ll lose their benefits if Congress does nothing.”

For nearly two years, Coleman says she has filed an average of 30 job applications a day, but remains jobless.

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News at Noon

From Reuters

Majority of Americans lack faith in Obama: poll

By Reuters

July 13, 2010

(Reuters) – Nearly 60 percent of American voters say they lack faith in President Barack Obama, according to a public opinion poll published on Tuesday.

The results of the Washington Post/ABC News poll are a reversal of what voters said at the start of Obama’s presidency 18 months ago when about 60 percent expressed confidence in his decision making.

Confidence in Obama is at a new low but the poll found that his numbers are still higher than lawmakers of either major party four months ahead of the November congressional elections.

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