US Probes Links Between BP And Regulators - Report
28th Jul 2010 10:35
WASHINGTON (AFP)--U.S. investigators have descended on New Orleans in a criminal probe into whether too-cozy ties between BP PLC (BP) and federal regulators contributed to the Gulf oil spill, the Washington Post reported Wednesday. The team of investigators dubbed the "BP Squad" includes officia
Read moreMARKET TALK: BP Must Be More Radical To Restore Value-JPMorgan
28th Jul 2010 10:27
0927 GMT [Dow Jones] BP'S (BP) management should be thinking of more radical changes to the company's structure than those announced Tuesday in order to return value to shareholders, says JPMorgan analyst Fred Lucas. BP's share price weakness following its 2Q results Tuesday may have been due to "di
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 10:27
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0927 GMT [Dow Jones] BP'S (BP) management should be thinking of more radical changes to the company's structure than those an
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
28th Jul 2010 10:20
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0920 GMT [Dow Jones] BP (BP) may have to pay higher prices to secure growth assets in the future following the damage to i
Read moreMARKET TALK: BP May Pay Higher Price For Growth Opportunities
28th Jul 2010 10:20
0920 GMT [Dow Jones] BP (BP) may have to pay higher prices to secure growth assets in the future following the damage to its reputation from the Gulf of Mexico oil spill, says Barclays Capital. "We remain concerned that longer term BP will be paying premium prices to secure new growth hubs if it is
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING -2-
28th Jul 2010 10:20
0626 GMT [Dow Jones] ASIAN SUMMARY: Regional markets mostly higher; Nikkei +2.7%, Shanghai Composite +2.1%, S&P/ASX +0.7%, NZX-50 +0.5%, HSI +0.5%, STI +0.5%, Kospi +0.3%; but Sensex flat, SET flat. In FX markets, EUR/USD at 1.3021 vs 1.2997 late NY trade, EUR/JPY at 114.49 vs 114.37, USD/JPY at 87.
Read moreBG CEO: 2010 LNG Operating Profit At Top End Of $1.8B-$2B Target
28th Jul 2010 09:09
LONDON (Dow Jones)--BG Group PLC's (BG.LN) liquefied natural gas division is performing well and its 2010 operating profit will be at the top end of the company's $1.8 billion to $2.0 billion target range, Chief Executive Frank Chapman said Wednesday. BG is having productive discussions with the
Read moreMARKET TALK: Goldman Sachs Raises BP Target Price
28th Jul 2010 07:29
0629 GMT [Dow Jones] Goldman Sachs raises BP (BP.LN) target price to 570p from 540p following 2Q earnings. The company has widened its planned disposals to $25B-$30B worth of assets over the next 18 months from previous plans to dispose of $10B worth over the next 12 months. Goldman says this is enc
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 07:29
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0629 GMT [Dow Jones] Goldman Sachs raises BP (BP.LN) target price to 570p from 540p following 2Q earnings. The company has wi
Read moreWednesday newspaper round-up: BP, Vedanta, Energy bills
28th Jul 2010 06:32
BP's new chief executive began his reign over Britain's largest industrial company by delivering a snub to the US Senate. Bob Dudley said that neither he nor his predecessor Tony Hayward would accept an invitation from the Senate Foreign Relations Committee for Mr Hayward to testify at a hearing to
Read moreBP's Problems Far From Over After Sacrificing Hayward: Press
28th Jul 2010 05:32
LONDON (AFP)--BP PLC's (BP) sacrifice of chief executive Tony Hayward isn't sufficient to restore the stricken oil giant's reputation and financial health after the Gulf of Mexico spill, U.K. commentators warned Wednesday. "One top kill won't solve problems," said the Guardian newspaper, adding
Read moreUPDATE: BP's Hayward Ignites Fresh US Anger As He Heads For The Exit
28th Jul 2010 05:18
(Adds quotes) LONDON (AFP)--BP PLC's (BP) outgoing chief executive Tony Hayward was the target of fresh U.S. anger Wednesday after claiming he had been "demonized and vilified," threatening efforts to draw a line under the Gulf oil spill. The comments by Hayward, who resigned Tuesday follow
Read moreBP's Hayward Ignites Fresh US Anger As He Heads For The Exit
28th Jul 2010 03:59
LONDON (AFP)--BP PLC's (BP) outgoing chief executive Tony Hayward was the target of fresh U.S. anger Wednesday after claiming he had been "demonized and vilified," threatening efforts to draw a line under the Gulf oil spill. The comments by Hayward, who resigned Tuesday following his heavily cri
Read moreObama Vows To Fight On For Climate Change Bill
28th Jul 2010 01:11
WASHINGTON (AFP)--President Barack Obama on Tuesday pledged to fight on for a climate change bill, despite the collapse of Senate legislation designed to cut greenhouse gas emissions. Obama, after talks with Democratic and Republican leaders in Congress, said a watered down energy bill soon to c
Read moreUPDATE: US Senator Landrieu Develops New Oil-Spill Liability Plan
28th Jul 2010 00:38
(Updates to include details on timing of Senate's energy bill and the likelihood of amendments) By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Sen. Mary Landrieu (D., La.) is pushing a potential compromise to break an impasse on legislation involving caps for oil-spill
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