Huntsman Gay Global Capital LLC, the private-equity firm whose ranks include the retired professional football star Steve Young and former Citigroup Inc. executive Gary Crittenden, has sold the operating units of Power Holdings to rival Kelso & Co. for $380 million in cash, Crittenden said.
President Barack Obama said oil spilling from a damaged BP Plc well in the Gulf of Mexico is an “assault on our shores” and the government will keep it a top priority until the leak is plugged and the environmental damage is repaired.
Louisiana Governor Bobby Jindal ’s plan to block BP Plc’s spilled oil with sand berms, approved after President Barack Obama met with officials, was declared a failure by the staff of a commission investigating the disaster.
Michigan’s depressed economy nearly toppled Grand Rapids-based awning maker Prestige Products. In April, the company’s fortunes changed when executive Brian Rickel got a phone call from an old contact at BP Plc .
It’s supposed to be high season in Biloxi, Mississippi, but George Griffith stands on a stretch of beach where seagulls, tacking into a bullying southeast wind, easily outnumber the dozen or so die-hard tourists testing the surf.