. >> tom: b.p. also announced plans to sell $30 billion of assets before 2012 to help pay bills from the spill. suzanne pratt has more on what's ahead for b.p. and its new boss. >> reporter: three months after b.p. began polluting the gulf of mexico and u.s. coastline, the company has a new leader and new strategy. the company's new chief executive, bob dudley, said change is coming, even though he's a longtime b.p. insider. >> we're going to learn a lot, and the industry's going to learn a lot, and there's no question that we will change as a company and from those learnings. >> reporter: included in those changes is an accelerated plan to raise cash by selling b.p.'s non-core assets, or less than 10% of the company's total business. the company is guessing it will need $32 billion to cover costs and liabilities from the spill, well below some worst-case estimates of $60 billion. still, analyst cathy milostan says, by disposing of assets b.p. hopes to show investors it can pay for the mess. >> we'r

after 11 weeks of b.p.'s disaster, this may come as a surprise: mitch jurisich still dredges perfect oysters because louisiana does have some oil- free waters. >> that's a beautiful oyster. >> reporter: but in new jersey, cheryl stavola is afraid to order it. >> as time passes i'm going to be even more afraid of it. >> reporter: and this seafood restaurant has redone its menu. >> i don't buy gulf products. i don't buy gulf shrimp. i just don't do it. >> reporter: this leak's growing stain has become the gulf's stigma. the reality: b.p.'s massive spill has blacken add fraction of the gulf coastline. the perception, from louisiana to florida hotels up to 20 miles inland report a 40% cancellation rate. this spill has smeared the gulf brand, including coastal communities without a drop of oil. the challenge now, convincing the rest of america that in most places here the coast is clear. ♪ but i know it's all b.p.'s fault... ♪ (cheers and applause). >> reporter: gulf tourism fighting back in ads... >> there a

b.p. played a role. i'm katie couric. on day 92, a new plan for the ruptured well. kill it now by pumping mud and cement through the containment cap. the heated debate over plans to build a mosque in the shadows of the world trade center site. and why was a black official from the department of agriculture ousted by the obama administration? the strange tale of shirley sherrod. captioning sponsored by cbs from cbs news world headquarters in new york, this is the "cbs evening news" with katie couric. >> couric: good evening, everyone, president obama welcomed britain's new prime minister to the white house today, but there wasn't much time for pleasantries. there's a bit of tension between the two allies, in part because of the b.p. oil spill, but also because of the decision last year by a scottish court to release a libyan terrorist. and questions about the role b.p. might have played in that. chip reid is our chief white house correspondent. chip, the president and the prime minister are

mark, a lot going on including a new ceo for b.p. >> a new b.p. ceo, katie, is just part of the big news here because b.p. is a company in flux. downsizing and with a new face at the top. but many people here want to know whether b.p. is a changed company. safer and more responsive. outside its london headquarters, b.p. made it official. >> tony and i will work through a transition. >> reporter: ceo tony heyward looked haggard, he's out, replaced this october by american bob dudley, now b.p.'s managing director. >> we're going to learn a lot about b.p. and the industry. i'm sure there will be changes. >> reporter: for b.p. big and costly changes. to pay for this epic spill, b.p.'s forced to sell $30 billion in assets, roughly 13% of its global production resources. the company has also set aside $32.2 billion to cover spill costs, including $20 billion for its general compensation fund. huge numbers but some analysts are reassured. >> b.p. is in a lot better shape than it was in april, because people know they're not going to go bankrupt. >> repor

chief executive says b.p. has russian interests will be managed directly by robert dudley that runs counter to me just speculation that outgoing c.e.o. tony hayward is being drafted in to look after b.p. . the chief executive of b.p. will oversee russia along with the board of directors of b.p. will make all the key decisions. i think. the fact that michael friedman appear we call you bob dudley today in wonder or offer to help bob get his visa garamond car on another key. or partner. so that they're working for to do so taking over as chief executive as well as tony hayward coming in as a member of the board suggests that. i think really signals that things are going to go reasonably well. now let's have a quick look at how the acting markets are shaping up the footsie has a race modest gains made earlier in the session indexes being level by forcing new tentative and technology stocks higher both following a slew of working with outs barclays is among the top green on the first three up more than one percent

low john b.p. suffered a record loss of seventeen billion dollars in the second quarter of this year in the wake of a massive oil spill in the gulf of mexico you know when cayless b.p. boss tony hayward took the decision to step down and bob dudley will replace him as chief executive of tolbert while hayward's expected to be offered a new role with a joint venture between b.p. and the russian oil company t m k. south korea and the u.s. are holding joint military drills for a third day in the sea of japan the exercises have already involved locating and destroying potential submarine attacks off the korean peninsula the north was accused of sinking its saab belonging to south korea in march something it denied pressed anger at the war games threatening physical response. not even siberia usually associated with freezing temperatures and icy landscapes has escaped russia's heat wave that's why families there there are taking a chance to head for the rivers to cool down and we stand with de france to

reportedly, b.p.'s board met today to discuss the management change and is expected to make an announcement tomorrow. >> susie: hayward has been criticized for his missteps and mishandling of the massive oil spill. and, as stephanie dhue reports, it may take more than a change at the top to fix b.p.'s problems. >> reporter: tony hayward had more than his share of blunders >> i had no problem with drilling of this well. i think it's too early to reach conclusions. i don't know. i simply was not involved in the decision making process. >> reporter: but the jury is still out on how much switching c.e.o.s will change things. hayward was brought in three years ago to address safety concerns after a major oil spill in alaska and a deadly explosion at b.p.'s texas refinery. but then, as now, experts say b.p. has to change more than its c.e.o. industry observer lou pularesi says that kind of change takes time. >> to develop a culture of safety takes a real commitment, and it's not just money, it's having the t

the oil giant b.p. has suffered a record loss of seventeen billion dollars in the second quarter of this year you know rake of a massive oil spill in the gulf of mexico you know it's one came as b.p. boss tony hayward took the decision to step down bob dudley will replace him as chief executive in a meanwhile hayward's expected to be offered a new role in the joint venture between b.p. and the russian oil company t n k for more on the story what's our business bulletin and about five minutes time . well not even siberia usually associated with freezing temperatures and i see landscapes has escaped russia's heat wave that's why families there are taking the chance to had for the rivers to cool down and we sand lindsay friends to the city of alms to have a look to. siberia may not be what comes to mind when you think of sand surf and sun but in the summertime on the river the that what you get and it's hot very hot which means the boats are coming out so are the boating competition all the beach lovers th

b.p.'s oil disaster management is to quit tony hayward is being replaced by one of the american executives bob dudley however the beleaguered boss is expected to resurface in a new role that b.p.'s joint venture with a russian all firm which is where dudley used to be now to discuss b.p.'s and musical chairs is chris we for there's an oil analyst with one of the largest russian investment firms doubts about he joins us now live from london so let's just first talk about which replacement bob dudley he spent years working in russia and had to leave because of the corporate scandal of the venture why do you think b.p. has chosen him to take the lead. well you use the right person for the job right now for b.p. clearly the situation to b.p. is in demand a change at the top it's quite obvious to b.p. is not going to be able to address the problems in the united states with tony hayward still in charge saw to that extent changing hayward was no choice. of course a lot to be made for fact to the

a close contact of b.p.'s new chief executive says b.p.'s russian interests will be managed directly by robert dudley that runs counter to media speculation the outgoing c.e.o. tony hayward is being drafted in to look after the paper chief executive of b.p. will oversee russia along with the board of directors of b.p. will make all the key decisions. i think that the fact that michael friedman apparently quoted bob dudley today in wonder and offer to help bob get his visa garamond car on another key. or partner here in k b p said that they're working for to. taking over as chief executive as well as tony hayward coming in as a member of the board suggests that. i think really signals that things are going to go reasonably well present dmitri medvedev wants to tap new sources of find out to diversify russia's economy he said investments along with business support services from a lot of accounting of a key to innovation all correspondent to tell you how clover has the details. meeting of the presidential commission on more devastation has sh

now to another growing controversy involving b.p. did the oil company push to have the convicted bomber of pan am flight 103 released from prison as part of a deal with libya? b.p. insists it did not, but members of congress aren't so sure. here's our justice correspondent bob orr. >> reporter: when he arrived home in libya last august, abdelbaset al megrahi was met with a hero's welcome. the only man convicted in the lockerbie bombing of pan am 103 was released by authorities in scotland after doctors said he was dying of prostate cancer. the u.s. and british governments now agree megrahi's release was a mistake and in a phone call today, secretary of state hillary clinton urged british foreign secretary william hague to cooperate with the congressional investigation into charges that b.p. brokered megrahi's release in exchange for drilling rights off the libyan coast. >> they release al-megrahi and presto, automatically the negotiations speed up and the contract is finalized and drilling is now about to start. >> reporter: b.p. adm

a close contact b.p.'s new chief executive says b.p.'s russian interests will be managed directly by robert dudley that runs counter to media speculation the outgoing c.e.o. tony hayward is being drafted in to look after a b.p. chief executive of b.p. will oversee russia along with the board of directors of b.p. will make all the key decisions. i think that the fact that michael friedman appear we call you bob dudley today one of them offered to help obviate with these argument car on another key. or partner t. and he. said that they're working for two weeks so taking over as chief executive as well as tony hayward coming in as a member of the board suggests that. i think really signals that things are going to go reasonably well. as i could look out the markets are performing in both the russian both of the sliding more than half a percent on wednesday afternoon leading the decline of the my sector the energy stocks or the gas problem rather than after the move or overtreating or carly's the biggest gain out more than two percent is in

b.p.'s bob dudley at the company's headquarters in houston. he's the president of the gulf coast restoration organization for the company. here's part of that exchange. >> suarez: well, when we put out the call for questions, you might have guessed, we got us thats of responses . there's a lot of curiosity about the state of play in the gulf. we got video, we got text. and a lot of people just came to the site to bolster certain questions that they wanted to be sure would be asked. and i'm selecting one that's sort of representative from the gulf. let's go first to kirk from houma, louisiana. >> mr. dudley, my name is kirk, i'm a member of the united houma nation which is the state's largest indian tribe in the state of louisiana. we have heard that you are going to make everyone whole. we have 6,000 families in the united houma nation that are now out of work because of this spill. today i was on grand isle on the beach and normally on the fourth of july week like this we would have a thou

well b.p. boss tony hayward will step down after the company posted a seventeen billion dollars second quarter loss its first in eighteen years he's shouldered much of the blame for the poor handling of the oil spill in the gulf of mexico that british companies already confirmed that bob dudley one of its american executives will take over in october meanwhile hayward's expected to be offered a new role in the joint venture between b.p. and the russian oil company t n k there's more on that when our business bulletin coming your way in just a few. activists in south korea have sent propaganda leaflets to the north to mark the anniversary of the korean war armistice flyers and d.v.d.'s criticizing human rights record were released into the sky attached to balloons cross border tension remains high fifty seven years after the end of the war the u.s. and south korea are currently conducting military exercises off the korean peninsula aimed at discouraging the north from any attack on the south a r

of b.p. tony hayward he's going to be nominated for board seat at t.n.t. b.p. and always say the reshuffle will not recant will dispute hayward supposed does not executive director won't require his presence in russia and any greater role for him in the russo british consortium has already been rolled out of business r.t. . russia's prime minister has chaired a meeting to cut the budget deficit many by selling assets the budget deficit in russia will be lower than five percent this year according to vladimir putin that's compared with an earlier for cost of about seven percent of g.d.p. the government has cut the list of candidates for privatization and dropping the brown monopoly on mortgage. companies have been paid for so with the aim of raising at least thirty billion dollars to help the budget deficit which we can do i become and it's like going through the roof. the first one that can be easily sellable like for instance the banks they want to take. the money should be the text for a listing on the launch of the post there is this program progress of cour

and b.p.'s boss tony hayward has been replaced by robert dudley later max kaiser and stays in her were discussed whether the new chief executives local accent is intended to lure people into a false sense of security. what they're going to do is replace them with robert dudley and their openly saying it's because he has an american accent and the american people will take an american accent in a better way that's right well george bush proved that you can fool the american people into accepting anything if you sound a dumb and you stand a deep south and in texas and so he said look. we're going to completely destroy your economy and you're now left with nothing and everyone bought into it now you've got tony hayward's got that kind of british accent and of course i was like oh no it's for him we don't accept it so they put in an american what's his name dudley robert dudley robert dudley so he'll get on there for b.p. and say well the bill goes completely destroy what we've totally eviscerated

we've directed b.p. to monitor it and provide information to us on a regular basis so we can make the appropriate analysis and then we will go forward in 24 hour increments . >> woodruff: is it fair to say that the administration leans toward taking this temporary cap off if necessary to get the oil to the surface, and that b.p. leans toward keeping that cap on until the relief wells are finished? >> we lean towards getting this over, getting over in the safest possible manner. our scientists have warned us that there could be some unintended consequences from the cap. you could have oil leaking out in other parts of the gulf where you couldn't control it, so long as that is not an issue, we will move forward with the cap and 24 hour installments. if it becomes an issue, obviously we're going to direct b.p. to bring those vessels in to start collect the oil at the surface. >> woodruff: help us understand how you are monitoring this, is b.p. doing-- how much of the monitoring is being done by b.p. and how

the chief executive of b.p. will oversee russia along with the board of directors of b.p. will make all the key decisions. i think. the fact that michael friedman apparently according to bob dudley do want an offer to help bob get his visa garamond car on another key. or partner. so that they're walking forward to. taking over as chief executive as well as tony hayward coming in as a member of the board suggests that. i think really signals that things are going to go reasonably well. on a kind of look at how the actor markets are shaping up the footsie have raised modest gains made earlier in fashion the index by pulled him from the title of technology stocks back to some higher though falling asleep of course himself spartans is among the top names on the front seat of more than one percent and u.s. stocks are also dipping lower in how you trade on wall street thoughts after more disappointing economic data. showing a slowdown in manufacturing growth uncertain corporate results are also weighing on investor confidence and here in moscow both the russian forces are edging

one of the largest cash sources for b.p. so obviously catching aeration now for b.p. is one of the problem of target countries are lining up to pull the barrels from b.p.'s flour the company has already confirmed it is looking to sell the assets with few details an ounce to exxon mobil and chevron now both in talks to take over the company but first things first to stop the leaking first pass to begin with to plug the well that's still not done yet we're still two to three weeks away from that even though the spill has now been contained it has not been plugged for the first order of things to get the plug done second is to figure out how the reinvestment side going to be done and then it's a question of reconstructing and winning back the trust of the american people who are doubly has shown his skills at getting a good price when he sold up to masses of team keep b.p. tell him to. come in handy you know b.p. needs to raise cash to people consequences of it or spill in u.s. waters the question is how much she has to dilute the brand. in any bit of a business. and now

b.p. has been here, been in the parishes and local governments for a while, that they are getting better, the relationships are getting better. on the other hand, some of our commissioners from some of the areas more recently impacted said they are still learning. give us some advice that may be built on what mayor holloway said, what we learn in this from the parishes and the cities with working in a preparation mode so we are better prepared to deal with these events into the future. any of the three of you. . . make it that tactical. but also include the people that know the territory. >> and she's right. it took so long to get that done. all we -- you know, we met with president obama. we said, send me one guy, one woman and just make some decisions on the ground with us. we had to go to sheave port, louisiana. i had to drive an hour and a half away and listen to 30 people make decisions of where we were going to do this. we had to get a 48-inch bomb, 18-inch bomb. -- boom. we had so m

chief executive of b.p. will oversee russia along with the board of directors of b.p. will make all the key decisions. i think that the fact that michael friedman apparently quoted bob dudley today and one didn't offer to help bob get his visa garamond com another key. partner t. and k b p said that they're working for to dudley's taking over as chief executive as well as tony hayward coming in as a member of the board suggests that. i think really signals that things are going to go reasonably well. now let's have a quick look at how the equity markets are shaping up the footsie has raised as modest gains the index is being led lower by fools in utilities and technology stocks higher then following a slew of quarterly results a just b. c. is the top grade on the put sea of more than one percent this hour. on both the russian forces the negative of the earlier games and leading the declines on the mindsets of the energy stocks with gazprom a rotten after all retreating coral county is the biggest gainer we're going to present it's in the news after the chemical company

b.p.'s board meets monday amid a flood of reports that hayward is out. >> there is no doubt that he is going. it will be announced at the very latest on tuesday. >> reporter: terry mcalister, energy editor of the "guardian" in london, says the decision to oust hayward is an attempt to salvage the b.p. brand in america, where the company earns fully 40% of its profits. >> the company cannot continue in its present state in america, and the only way of giving itself a fighting chance is to get rid of the boss. >> reporter: hayward provided all the rope necessary to hang himself. statements as a geyser of oil poured daily in the gulf. hayward to britain's sky news: "i think the environmental impact of this disaster is likely to be very modest." and this: >> there's no one who wants this thing over more than i do. you know, i would like my life back. >> reporter: congress accused him of stonewalling their investigation into the spill. two days later, hayward went sailing off the isle of wight.

we got b.p. to come in and give an additional $5 million in case the rocks don't work, to pull them out. this is crazy. we could save five parishes so the oil doesn't get in the drinking water. are we going to step back and wait? i predicted that five weeks ago it was going to come this way. you know, it's hard. and our budget -- we are underneath right now. i got a lady from north carolina who sent us $81 off of her social security. $81. i got a gentleman and his wife from ohio sent us $42 off their social security check to help us to help utilities and pay people. if we can start on the front line to prevent anybody else rkts let us try something and help us and we can better our communities. we don't want food stamps. none of our people want to be food stamps. we are hard-working people. but we make our living off the waters. we depend on tourism to pay our bank notes. you have to four months to make it. four months to make it and turn to the oil field. you get off the shrimp boat and go to th

of b.p. tony hayward he's going to be nominated for board seat at t.n.t. b.p. and always say the reshuffle will not recur until the dispute heywood's post does not executive director won't require his presence in russia and any greater role for him in the russo british consortium has already been ruled out. business r.t. . time nels take a look at how the markets are doing in most asian stocks are lower that's after the first evidence the slower u.s. growth hit shares of new street and then elsewhere in the world can't make a sliding into the red investors move lock in profits following a two point seven percent jump in the great recession and it was a similar end to wednesday's session here in moscow we talked of russian forces closing in the red energy names led the declines m m i six with gas probably was high during most of that all retreating close enough to raise the previous sessions games releasing around three. u.s. oil for conoco phillips is selling its stake in russia's independent oil producer luke will it selling is twenty percent stake in or will

clearly the situation to b.p. is in demand change at the top it's quite obvious to b.p. is not going to be able to address the problems in the united states with tony hayward still in charge so to that extent changing hayward was no choice but of course a lot to be made the fact that he is american and knows that region well but also you know the fact that he was the chief executive of b.p. during a very contentious period of their company's history in two thousand and eight things that he has the right credentials perhaps to take on this challenge for b.p. particularly in the united states and the task is tough doubly will have to reestablish trust and drive the company back from the edge by raising up to thirty billion and funds but that's not going to happen by selling the russian assets russia is. important to b.p. from every perspective. financial results for the first you're going to be out of here and kate over to bill you can profit just sort of underscores. the chief executive mr dog will have no choice but to spend considerable energy and effort there is no way

a close contact with b.p. is new chief executive says b.p. is russia interested we managed directly by robert dudley that runs counter to me just speculation going c.e.o. tony hayward was being drafted in to look after. chief executive of b.p. will oversee rush along with the board of directors of b.p. will make all the key decisions. i think. the fact that michael friedman appear we call you bob dudley today and want to offer to help bob get his visa garamond car on another key. or partner. said that they're working for two weeks so taking over as chief executive as well as tony hayward coming in as a member of the board suggests that. i think really signals that things are going to go reasonably well. let's take a look at how the market performing in both the russian forces returned negative after earlier games believing that because the lies sex and the energy started from was that the lukoil retreating or carly is the biggest gainer up more than two point five percent of the chemical company and now the filina game and carry more is seeki

now with b.p.'s cap holding, their strategy is shifting from defense to offense. >> this particular map we use to show us the change from yesterday, which was in gray, the size and shape of the oil, to today. >> reporter: so now you're seeing it shrink? >> we are seeing it shrink, and that's a wonderful feeling at this stage. >> reporter: skimming boats and controlled burns are eating away on the oil atop the water, yet in the bays and marshes across the gulf coast, the damage is already done, and biologists don't yet know how long it will take to recover. scientists say that oil from other spills has stayed in the environment and affected marine life for decades. but, they say, in some cases, trying to remove every last drop of oil from sensitive areas like marshes has done more harm than good. russ? >> mitchell: kelly, let's go back to that leak issue. late this afternoon federal officials say scientists are now concerned about possible seepage and methane at the cap site. what can you tell us abo

b.p. and say well it will mix goes completely destroy what we've totally eviscerated a big part of your economy and we're occupying your done tree then you're all bunch of peasants now but does the american accent so it's ok. what's the tides report in just fifteen minutes time here on our city ok now let's take a look at russia close up as we take you to another part of the world's biggest country . today which is two hundred kilometers from moscow when the clue bridge in the center of russian science one hundred destry the country's long scientific research complex develops high tech and volunteers engineering and electronics but the region could also face a flourishing car industry with giants like volvo and both funk and make sure that it's an income that the number of calls assembled like wins every year providing jobs and housing company could actually hit some ex-pats. if you find a. good case of this. for a long time carlo guy has been primarily associated with. maverick scientists

generates about a quarter of b.p.'s revenues and she should be well prepared to take over the whole company where she is likely true means central to b.p. strategy with analysts dismissing media reports that the company could sell a stake in its cash generator team t v p possibly to gas room or ross nifty tiki b.p. is a cash generator on an original investment of seven billion dollars in two thousand and three b.p. has already seen twelve billion dollars from dividends officially for the last year you reported for more than thirty five billion dollars of revenues and if they can stand alone. indeed is the largest piece of cedars in terms of revenues and probably in terms of. and profit and of course thank you p.'s one of the largest cash sources for people so obviously catching aeration now for being one of the promised target countries are lining up to pull the barrels from b.p.'s flour the company has already confirmed that is looking to sell the assets with few details an ounce to exxon mobil and chevron now both in