Killing Bp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

After an explosion killed 11 of his employees, just got his wish. tony hayward is out. he got the boot five hours ago though he's not stepping down until the first of october. he'll leave with a year's salary in his pocket. that's $1.6 million. it looks like hayward will stay with bp for now heading up a new oil and gas venture in russia. also overnight, bp's second quarter earnings were announced. a bruising $17 billion loss. we're covering all the new developments for you. jim boulden is live at bp headquarters in london. carter evans is covering the money angle here in new york city. we b...

Right now. it's probably going to cost a lot more when it is all said and done. >> you take the charge up front, then spread out the cost over four years. >> right. what bp will do to pay for this is sell some assets so it doesn't have a very large debt from this charge. basically sell some non-essential assets to pay for this. >> it's still an image problem of bp right now obviously because of the spill. but in terms of all the right moves, nef's gotten rid of their embattled ceo, they brought in a new guy from mississippi, bob dudley. maybe things are looking up for the company. >> people ar...

Future costs in advance right now so it can get back to making a profit. we've also got the stock graph for you. real quick it shows you how far bp's stock has come down. in just the last few months. it started at the top on left around $60 a share. at end of june, bottoms out in the "v" there, around $27 a share. in just the last couple of weeks it's come back up. yesterday in fact the stock rose 5% on record hayward was leaving. that shows you what investors think about the current ceo. >> so he's out, they're bring mg bob dudley and they also have the news at least that oil is not gushing i...

Work crews are back in position now in the gulf of mexico preparing to begin the process of killing bp's ruptured well once and for all some time within the next seven days. >> david mattingly joins us live from new orleans with a never-before-seen interview with outgoing bp chief tony hayward. david, you conducted this interview with hayward in the gulf during the very beginning of the response effort in early may. you asked him about bp taking responsibility for the spill. quite an interesting answer. >> reporter: yeah, kiran. this was part of a longer conversation i had with tony hayward ab...

Lot more money. plus all the lawsuits that can come out of this for years. >> basically today earnings report, they're trying to get a lot of stuff off the table. >> trying to get it all off the table. last year about this time bp made about $4 billion so a $17.2 billion loss, it is a huge loss. but imagine this -- this is a catastrophic spill and the company managed to pay for this in just one quarter. >> if the price of gasoline goes up when the economy starts to roar back, they'll be making money hand over fist. don't cry for me, argentina. thanks, carter. fierce immigration debate raging...