Obama Urges `Balanced Approach' to Debt
Feb. 25 (Bloomberg) -- Bloomberg's Yang Yang reports on the latest developments in the sequester standoff. She speaks on Bloomberg Television's "Bloomberg Rewind." (Source: Bloomberg)
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The Crude Reality of BP's Sliding Profits
20:37 - BP Plc, the first oil major to report second-quarter results, said earnings fell 45 percent as lower crude prices continued to erode income and refining margins shrank. Profit adjusted for one-time items and inventory changes dropped to $720 million from $1.3 billion a year earlier, the company said Tuesday. That missed the $819 million average estimate of 13 analysts surveyed by Bloomberg. Downstream earnings, which include refining, declined 19 percent. Bloomberg's Ryan Chilcote reports and Source Head of Multi-Asset Research discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."