Matthew's Feed
Jul 22, 2011

US judge orders arraignment of Kuwait firm Agility

ATLANTA, July 22 (Reuters) – A U.S. district judge ordered
the arraignment of Agility (AGLT.KW: Quote, Profile, Research, Stock Buzz) in the latest step of the
prosecution of the Kuwaiti logistics company over charges that
it defrauded the U.S. Army in multibillion-dollar contracts.

The order by Judge Thomas Thrash, dated on Wednesday, came
on the heels of a decision by a U.S. appeals court that ended
about 18 months of legal wrangling over whether prosecutors
correctly served the company in its initial indictment in
November 2009.

Jul 22, 2011

Team owners hail compromise as key to approving deal

ATLANTA, July 21 (Reuters) – National Football League (NFL)
owners said on Thursday a desire for fairness and compromise
motivated their decision to approve a new collective bargaining
agreement with players.

The decision opens the way for an end to a lockout that has
left America’s most popular sport in limbo. The next step is a
conference call later on Thursday by player representatives who
must decide their next move.

Jul 20, 2011

US court denies key petition by Kuwait’s Agility

ATLANTA, July 20 (Reuters) – A U.S. appeals court on
Wednesday denied a petition by Agility (AGLT.KW: Quote, Profile, Research, Stock Buzz) in a legal
setback for the Kuwaiti logistics firm that faces prosecution
on charges it defrauded the U.S. Army in multibillion-dollar
contracts.

Agility was the largest supplier to the U.S. Army in the
Middle East during the war in Iraq after the Sept. 11 attacks
with contracts worth around $8.5 billion.

Aug 23, 2010

Compensation czar takes charge of $20 billion BP fund

NEW ORLEANS (Reuters) – A $20 billion compensation fund for economic victims of the BP Gulf oil spill opens for business on Monday amid accusations that the rules established by its administrator are unfair.

Kenneth Feinberg who will run the fund said those who sustained financial loss because of the spill could claim for damages and he promised claimants more generous treatment than they would get if they sued the energy giant for damages.

Aug 17, 2010

Spike Lee film shows New Orleans 5 years after storm

ATLANTA (Reuters) – Five years ago, Hurricane Katrina swept infants out of their mothers’ arms, filled whole neighborhoods with dirty water, flooded schools and hospitals and turned New Orleans into a byword for disaster.

What happened next?

The question is at the heart of Emmy Award-winner Spike Lee’s new film “If God is Willing and Da Creek Don’t Rise”, a two-part, four-hour documentary on New Orleans and the Gulf coast set to haunting music.

Jul 30, 2010

A Mississippi Yankee in BP’s battered court

/CHICAGO (Reuters) – Bob Dudley is not one to wear his disappointment on his sleeve.

Even as a kid, “Bobby” as he was then known “was completely unflappable,” remembers Charles Brent, Dudley’s hometown friend in southern Mississippi in the 1960s.

Jul 29, 2010

Special Report: A Mississippi Yankee in BP’s battered court

/CHICAGO (Reuters) – Bob Dudley is not one to wear his disappointment on his sleeve.

Even as a kid, “Bobby” as he was then known “was completely unflappable,” remembers Charles Brent, Dudley’s hometown friend in southern Mississippi in the 1960s.

Jul 11, 2010

Mental health a growing concern after Gulf spill

By Matthew Bigg

VENICE, La. (Reuters) – Gulf Coast native Kindra Arnesen is so anxious about the effects of the Gulf of Mexico oil spill she is packing up her family and leaving town.

“Stress? Dude my clothes are falling off me (because of weight loss). The level of stress here is tremendous. My husband has aged 10 years in two months,” Arnesen said on Friday as she loaded possessions into a van outside her trailer home in Venice.

Jul 7, 2010

Storms aggravate damage from Gulf oil spill

BAY JIMMY, Louisiana (Reuters) – Summer storms are pushing oil from a BP spill in the Gulf of Mexico deeper into Louisiana’s wetlands and temporarily slowing efforts to contain damage.

The storms are also responsible for washing oil into Lake Pontchartrain, which borders New Orleans, further polluting Mississippi’s beaches and halting tests on a supertanker adapted to skim large quantities of oil from the surface.

Jul 6, 2010

BP eyes stake sale; oil in Lake Pontchartrain

LONDON/NEW ORLEANS, July 5 (Reuters) – Shareholders in BP
BP.L BP.N balked on Monday at reports the energy giant would
seek a strategic investor to ward off takeover bids while the
company’s massive oil spill in the Gulf of Mexico spread.

On the disaster’s 77th day, BP spokesman Mark Proegler
confirmed that government tests showed tar balls that washed up
on the Texas coast near Galveston were from the spill, but only
about five gallons were found.