BP releases 1 billion $ leak clean up

April 21, 2011 last updated at 17: 13 GMT oil from the deepwater horizon explosion last year is still in the water a year on BP has agreed to 1 billion $ (￡ 600 m), damage to the U.S. Gulf Coast as a result of the previous year to repair the oil spill.

The US Justice Department that this helped to make the agreement, said, would be the means to Alabama, Florida, Louisiana, Mississippi and Texas.

It is clear to the affected areas, including beaches.

Other recipients of $1 billion include the Department of Interior and the National Oceanic and atmosphere administration.

Hundreds of miles of coastal wetlands and beaches were radioactively contaminated, a third waters concluded the Gulf by us, which have reached fisheries and the economic costs in the tens of billions.

The Ministry of Justice, said the release of the money which was largest recovery ever reached agreement of its kind and was "a first step towards the fulfillment of BP obligations to finance the full recovery of injured public funds".

The Department said the agreement touches not the ultimate liability of BP or any other company for environmental damages or other liabilities, but it can be to get earlier started restoration projects.

The Minister of the Interior, Ken Salazar, said in a statement: "this milestone agreement allows us to restore to promote projects that will bring Gulf Coast marshes, wetlands, and Habitat of wild animals back to health after the damage, the it as one of the deepwater horizon spill."

Damaged sea birds and other wildlife including dolphins continue to wash up on beaches in the affected region. The agreement was on the day after the first anniversary of the worst offshore oil spill in US history announced.

BP said Wednesday it was Transocean, the owner of the oil rig that exploded in the Gulf of Mexico in the last year for $40 (24 37bn) sued for damages.

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The Tablet market may surge to $ 49 billion

By Danielle Kucera

Apple (AAPL) and other consumer electronics manufacturers will generate by 2015, in growing demand to fill the gap between smartphones and laptops, devices 49 billion in computer tablet sales predicted analytical strategy.

Tablets are easily accessible to as many markets as companies such as Samsung Electronics (005930: KS), Motorola mobility Holdings (MMI), Hewlett-Packard (HPQ), and Dell (DELL) rush to "copycat" Apple iPad, according to research firm based in Boston. "The strategic trend here is for computing personal and mobile move from keyboards to touch screens, says Neil Mawston, analyst of analytical strategy." Competition is increasing, supply is increasing, this price should fall over time. ?

Rivals to Apple release their own devices Tablet-style to replicate the success of the iPad, which generated $ 9.6 billion in sales year since its inception in April 2010. In North America, Asia-Pacific and Western Europe represent great opportunities for suppliers of the Tablet, said analytical strategy. The Tablet may exceed all the other consumer electronic devices by the sale, except for the personal computers and televisions, she says.

The iOS of Apple software, which powers its iPhone and iPad, will be 69 per cent of the market this year, research firm Gartner said this month predicted that its share will decrease to 47% in 2015.

When compressed developers begin gears for devices more towards the creation of content of consumption, the market may extend "easily" beyond $ 49 billion, said Abhey Lamba, analyst of the International Strategy & Investment Group in New York. "At least for the next two years, you can assume that apple will be the leader," he said. "This will be a fast growing market and it will be many announcements in the next few years one or two, but very few of them will actually survive in the long term.".

While the Tablet price will be begin to decline in about two years, Lamba says, Apple "aggressive" pricing leaves little room for rivals significantly reduce prices.

Kucera is a journalist for Bloomberg News.

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TEPCO may face $23 billion in claims

12 April 2011 last updated at 07: 43 GMT Fukushima Daiichi nuclear power station in the heart of Japan's nuclear crisis Tokyo electric power company (Tepco is) as much as 2 trillion yen either $23 billion (￡ 14 billion) in claims for damages, according to JP Morgan may face.

The company has the dispute was the radiation leak crisis at the Fukushima Daiichi plant contain nuclear.

On Tuesday Japan's nuclear and industrial agency raised the seriousness of the nuclear crisis in the work to level 7.

Japan has live people evacuated within a radius of 20 km of the plant.

The power station was engulfed worst affected one of the earthquake and tidal wave, much of Japan on 11 March.

If the company now the nuclear crisis abstain, their shares have one of the Tokyo Stock Exchange hit taken.

More than 75% of its value lost since 11 March that hits all-time lows, TEPCO have shares.

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a central theme of damages is whether the Fukushima nuclear power plant accident is an inevitable natural disaster "

Tomohiro Jikihara quote end investors were JP Morgan through the effects of the crisis on the Unternehmensgewinn.Naturkatastrophe"

While it concerns about the huge compensation Bill may, that Tepco say face, analysts much will depend how to interpret a law for these cases.

In the Japanese law can operator of a nuclear facility of any responsibility be avoided, if the accident is a natural disaster of an exceptional character thrown have.

If the current crisis fits this classification will determine the course for Tepco, analysts say.

"A central theme of damages is whether the Fukushima nuclear power plant accident is an inevitable natural disaster," said Tomohiro Jikihara by JP Morgan.

The Japanese Government is still to decide whether it is classified the earthquake and tsunami as an extraordinary disaster.

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