CORRECT: US Senator Landrieu Develops New Oil-Spill Liability Plan
28th Jul 2010 00:32
("=US Senator Landrieu Develops New Oil-Spill Liability Plan," at 6:05 p.m. EDT, misstated a word in comment from Landrieu's spokesman. The correct version follows.) By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Sen. Mary Landrieu (D., La.) is attempting to overcome pa
Read moreSenate Panel Postpones Lockerbie Hearing
27th Jul 2010 23:31
WASHINGTON (AFP)--A U.S. Senate panel has put off a hearing on the Lockerbie bomber's release because key British and Scottish witnesses "stonewalled" and refused to appear, a lawmaker announced Tuesday. Sen. Robert Menendez (D, N.J.), who had been set to chair Thursday's Senate Foreign Relation
Read moreBP Bonds Rally For 2nd Straight Day On Earnings, Asset Sales News
27th Jul 2010 22:52
By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Bonds issued by BP PLC (BP.LN, BP) rallied Tuesday for a second day in a row and the cost of protecting against default fell after the British oil giant reported earnings and announced a plan to sell billions in assets. Shor
Read more2nd UPDATE: Senate Democrats Unveil Summary Of Spill Bill
27th Jul 2010 22:11
(Updates with details on the Senate's draft energy bill.) By Siobhan Hughes and Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Senate Democrats proposed eliminating the cap on damage claims that companies must pay for oil spills like the one in the Gulf of Mexico, v
Read moreMARKET TALK: BP's New CEO Wants Co. To Be Leaner
27th Jul 2010 21:54
4:54 (Dow Jones) Robert Dudley, BP's (BP BP.LN) new chief executive, tells CNBC he envisions the U.K. oil major becoming leaner and having higher margin assets because it is selling off pieces of itself to cover mounting costs stemming from its oil leak in the Gulf of Mexico. Dudley takes the reins
Read moreBP Could Try Static Kill Late Sunday, Early Monday
27th Jul 2010 21:43
By Susan Daker and Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) said Tuesday it could proceed to flood the Deepwater Horizon well with mud and cement starting late Sunday or early Monday. BP senior vice president Kent Wells said in a teleconference that
Read moreUS Senator Blasts BP As Chief Ducks Lockerbie Hearing
27th Jul 2010 21:42
WASHINGTON (AFP)--A U.S. senator blasted BP PLC (BP, BP.LN) Tuesday after the oil giant said its outgoing chief, Tony Hayward, would not testify at a hearing this week on whether the firm had a hand in the Lockerbie bomber's release. "I would have thought that a company on thin ice with the Amer
Read moreUPDATE: Senate Democrats Unveil Summary Of Spill Bill
27th Jul 2010 21:02
(Updates with issue involving natural-gas vehicles.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Senate Democrats proposed eliminating the cap on damage claims that companies must pay for oil spills like the one in the Gulf of Mexico, vowing to ensure that com
Read moreCORRECT: Senate Democrats Unveil Summary Of Spill Bill
27th Jul 2010 21:00
("Senate Democrats Unveil Summary Of Spill Bill," at 3:43 p.m. EDT, incorrectly said Democrats proposed raising the cap, in the first paragraph. The correct version follows:) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Senate Democrats proposed eliminating the
Read moreUS Government: BP Testing Blowout Preventer On Relief Well
27th Jul 2010 20:10
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) was testing the blowout preventer on its relief well Tuesday, as the British oil company moves closer to finally killing its once-gushing well in the U.S. Gulf of Mexico, the federal spill response commander said.
Read moreNorth Sea Forties Hits 2-Year High On Tight Supply -Trade
27th Jul 2010 19:26
By Sherry Su Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The differential of North Sea Forties crude soared to a two-year high Tuesday, a level last seen in the oil bull run of early 2008. Tight North Sea supply amid field maintenance has strengthened the market, but it remains to be seen
Read moreUPDATE:Obama: Massive Leak Of War Documents Reveals Nothing New
27th Jul 2010 18:22
(Updates with additional comments from Obama.) By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--President Barack Obama on Tuesday said a massive leak of secret military information reveals nothing new about the struggles the U.S. faces in fighting terrorism in Afghanista
Read moreUS HOT STOCKS: US Steel, Lexmark, UBS, DuPont, Deutsche Bank
27th Jul 2010 18:12
U.S. stocks were mixed Tuesday, as the Dow Jones Industrial Average gained 10 points to 10536, but the S&P 500 slipped 2 points to 1113 and the Nasdaq Composite dropped 9.9 points to 2286. Among the companies whose shares are actively trading in the session are U.S. Steel Corp. (X), Lexmark Internat
Read moreBP WATCH: Shares Fall But CDS Improve After 2Q, CEO Shuffle
27th Jul 2010 18:09
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) shares fell Tuesday in trading that investors said was driven more by "selling on the news" following Monday's gains in anticipation of the oil giant's second-quarter report and chief executive shuffl
Read moreUPDATE: TNK-BP Shareholder Welcomes Dudley As Chief Despite Spat
27th Jul 2010 17:45
(Adds analyst comments, detail, background.) By Jacob Gronholt-Pedersen Of DOW JONES NEWSWIRES MOSCOW (Dow Jones)--TNK-BP International (TNBP.RS) billionaire shareholder German Khan said Monday he will "welcome" Robert Dudley as the new chief executive of BP PLC (BP), despite past disput
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