BP board of directors considering dividend cut

BP chief executive Tony Hayward said in an interview published today his firm was considering cutting its dividend amid growing US public anger at its handling of a devastating oil spill. The BP board of directors may consider cutting or deferring its second-quarter dividend – due to be announced on July 27 – or even issuing dividend payments as scrip, effectively a means of delaying payment to shareholders, The Wall Street Journal... [more]

Palin to Obama on oil companies: ‘Give me a call’

Former Alaska Gov. Sarah Palin said President Barack Obama’s acknowledgment that he hasn’t directly spoken to BP’s chief executive shows it “bodes well to have some sort of executive experience before occupying the Oval Office.” Then, in a Facebook posting Tuesday, she outlined her experience. And she urged Obama to contact experts, including those in Alaska, who have held oil companies accountable. In parts... [more]

US President Barack Obama postpones Australia visit

US President Barack Obama has postponed his trip to Australia and Indonesia – planned for later this month, an official says. Mr Obama spoke to Australian Prime Minister Kevin Rudd and Indonesia’s President Susilo Bambang Yudhoyono to inform them of the development, a White House official said. “President Obama expressed his deep regret that he has to postpone his trip to Asia that was scheduled for later this month,”... [more]

White House cagey on Obama Aussie visit

THE White House is being cagey on whether US President Barack Obama will press ahead with his Australian visit later this month. There is speculation Mr Obama may cancel to deal with the disastrous oil spill in the Gulf of Mexico. White House press secretary Robert Gibbs says he doesn’t know if a postponement of the trip is being considered. “I don’t want to get too far ahead on the foreign trip,” he said in the White... [more]

Obama backs SKorea response to sinking of warship

The White House said Monday that President Barack Obama ”fully supports” the South Korean president and his response to the torpedo attack by North Korea that killed 46 SouthKorean sailors. The administration said it endorsed President Lee Myung-bak’s demand that “North Korea immediately apologize and punish those responsible for the attack, and, most importantly, stop its belligerent and threatening behavior.” Seoul... [more]

Obama chooses Kagan for Supreme Court

President Barack Obama will nominate Solicitor General Elena Kagan to the Supreme Court, a person familiar with the president’s thinking said Sunday night. The move positions the court to have three female justices for the first time in history. The source spoke on condition of anonymity because the decision had not been made public. Obama will announce his choice at 10 a.m. Monday in the East Room of the White House. Known as... [more]

Obama urges swifter action on Greece

As pressure mounted on Germany to tackle Greece’s spiralling debt crisis, US President Barack Obama called Chancellor Angela Merkel Wednesday night and later issued a pointed statement saying both leaders agreed on the need for “resolute action.” In a clear indication of growing US concern, Obama broke away from events in Ohio, where he has been addressing economic hardships facing Americans, to call Merkel about... [more]

Obama now talking with possible high court picks

Pushing forward with one of his most consequential decisions, President Barack Obama has begun informal talks with potential nominees for the Supreme Court. And now he is reaching out to the senators who will control the confirmation fight ahead. Obama was to meet Wednesday with the top Democrat and Republican in the Senate, along with leaders of the Senate Judiciary Committee, as he launches a period of political protocol that comes... [more]

Obama sets new course to conquer the final frontier

President Barack Obama set a bold new course for the future of US space travel when he announced plans to send US astronauts into the orbit of Mars within the next three decades. The US leader on Thursday also sought to quell a storm of outrage caused by earlier administration plans, vowing before NASA staff that he was “100 percent committed” to their mission and to the future of the US space agency. “I believe that space... [more]

Six powers intensify Iran sanctions talks

The five permanent U.N. Security Council members and Germany are accelerating negotiations on a new round of sanctions against Iran over its nuclear program, U.N. diplomats said on Thursday. U.N. ambassadors from the United States, Britain, France, Germany, Russia and China met earlier and will reconvene later on Thursday, diplomats said on condition of anonymity. They will keep meeting in the coming days and weeks, they said. “The... [more]

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