Friday, July 31, 2009

SPB News for Friday


Oil giant says 2Q results reflect fall in energy prices from 08's record highs.

Study: Bank bonuses far exceeded profits
Several bailed-out banks' bonuses topped their net income in 2008: report.
KBR 2Q profit surges 40 percent on revenue boost Engineering and construction company KBR Inc. posted second-quarter earnings that topped Wall Street expectations as revenue rose on work in its energy and power projects and contracts in Iraq. Net income of $67 million, or 42 cents per share, was up 40 percent from $48 million, or 28 cents per share, in the same quarter last year.

U.S. Adviser's Blunt Memo on Iraq: Time 'to Go Home' A senior American military adviser in Baghdad has concluded in an unusually blunt memo that the Iraqi forces suffer from deeply entrenched deficiencies but are now capable of protecting the Iraqi government, and that it is time "for the U.S. to declare victory and go home." Col. Timothy R. Reese, an adviser to the Iraqi military’s Baghdad command, argues that extending the American military presence in Iraq beyond 2010 will do little to improve the Iraqis’ military performance, while fueling a growing resentment.

Blair will be called up to testify before Iraq inquiry Tony Blair will be called to give evidence before the Iraq inquiry, the head of the investigation has confirmed, as a row continued to rage over whether vital evidence will be heard in secret. The former prime minister will be expected to appear before the five-strong panel, Sir John Chilcot, the former senior civil servant who chairs the inquiry, said yesterday. The Chilcot inquiry could take until 2011 to complete and will investigate the run up to the war, from the summer of 2001, the war itself and the aftermath up to July this year.

World will warm faster than predicted in next five years, study warns --New estimate based on the forthcoming upturn in solar activity and El Niño southern oscillation cycles is expected to silence global warming sceptics The world faces record-breaking temperatures as the sun's activity increases, leading the planet to heat up significantly faster than scientists had predicted for the next five years, according to a study... The research, to be published in Geophysical Research Letters, was carried out by Judith Lean, of the US Naval Research Laboratory, and David Rind, of Nasa's Goddard Institute for Space Studies.
Unidentified men show images, tell tale of hate slayings; Questions linger.
AP sources: Govt to suspend ‘cash for clunkers’ … WASHINGTON (AP) - Congressional officials say the government plans to suspend the popular “cash for clunkers” program amid concerns it could quickly use up the $1 billion in rebates for new car purchases. — The Transportation Department …

Ortiz and Ramirez Said to Be on 2003 Doping List — Manny Ramirez and David Ortiz, the sluggers who propelled the Boston Red Sox to end an 86-year World Series championship drought and to capture another title three years later, were among the roughly 100 Major League Baseball players …
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