BEFORE THE BELL:US Stock Futures Edge Lower, Focus On Earnings
26th Jul 2010 13:12
By Polya Lesova U.S. stock futures edged lower on Monday after the strong gains posted last week, as traders focused on second-quarter earnings season now that European bank stress-test results are out of the way. S&P 500 futures dropped 3.10 points to 1,097.50 and Nasdaq 100 futures declin
Read moreEuropean midday: Markets turn negative
26th Jul 2010 13:04
Europe's main markets are now lower as drugmakers weigh, but banks are still largely higher following the results of the European stress tests. GlaxoSmithKline dropped on rumours that the UK firm may be interested in buying US rival Genzyme. Novartis and Roche are also stuck in the red. After the
Read moreN AMERICAN MORNING BRIEFING: Stocks To Follow Europe A Touch Down
26th Jul 2010 11:28
DJIA Futures 10369.0 -17.0 -0.2% S&P 500 Futures 1098.5 -2.1 -0.2% Nasdaq Futures 1873.0 -0.8 -0.0% Above are as of 0600 ET FTSE 100 5308.2 -3.8 -0.1% Xetra DAX 6149.2 -17.2 -0.3% CAC40 3608.4 +1.3 +0.0% Above are as of 0600 ET
Read moreBEFORE THE BELL:US Stock Futures Waver, Focus On Earnings
26th Jul 2010 11:09
By Polya Lesova U.S. stock futures wavered between small gains and losses on Monday, as traders focused on second-quarter earnings season now that European bank stress-test results are out of the way. S&P 500 futures edged down 1.60 points to 1,099 while Nasdaq 100 futures traded virtually
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
26th Jul 2010 09:52
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] 0852 GMT [Dow Jones] The scale of the disaster in the Gulf of Mexico has always indicated that significant management changes
Read moreMARKET TALK: Management Changes At BP Were "Unavoidable"
26th Jul 2010 09:52
0852 GMT [Dow Jones] The scale of the disaster in the Gulf of Mexico has always indicated that significant management changes at BP (BP) were unavoidable, says Westhouse Securities. "We now expect Tony Hayward's tenure at the group to continue for very limited time," it adds. For now, BP is only say
Read moreLondon open: Solid start to week
26th Jul 2010 08:49
Relief at the relatively benign results of the European banking system stress test has encouraged buyers into the market. Lloyds, Royal Bank of Scotland and Barclays are all strongly ahead after they sailed through the tests last week. Tony Hayward, the embattled BP chief executive, will collect
Read moreHayward's Likely Departure From BP A Blow, But Political Necessity
26th Jul 2010 08:43
(This story was originally published Sunday.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The likely departure of BP PLC (BP) Chief Executive Tony Hayward is a loss for the company given his strong record prior to the Gulf of Mexico oil spill, but it may be what the compan
Read moreEuropean open: Positive reaction to stress test
26th Jul 2010 08:29
European banks are largely higher in the first trading session following the results of the European stress tests. After the close on Friday, EU lenders were given a largely clean bill of health when European banking regulators released the results of their so-called stress test. According to the
Read morePRESS RELEASE: BP: No Decision Made On Potential Changes To Management >BP
26th Jul 2010 08:10
BP UPDATE Release Date: 26 July 2010 BP notes the press speculation over the weekend regarding potential changes to management and the charge for the costs of the Gulf of Mexico oil spill. BP confirms that no final decision has been made on these matters. A Board meeting is being held on Mon
Read moreBP CEO Sees Strong 2Q Operational Performance - Memo
26th Jul 2010 07:37
By Benoit Faucon Jeffrey Sparshott Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC's (BP) second-quarter results Tuesday will show continued strong operational performance at the U.K. oil major, Chief Executive Tony Hayward said last week in an internal memo to the company's staff. "Sa
Read moreBP Says No Decision Yet On CEO Hayward, Final Spill Costs
26th Jul 2010 07:31
By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) said Monday that no decisions have yet been made on the future of Chief Executive Tony Hayward or the final charge the company will book for the Gulf of Mexico oil spill in its second quarter results Tuesday. "A boar
Read moreBP yet to decide Hayward's fate
26th Jul 2010 07:10
BP has confirmed it will hold a board meeting today to decide the fate of chief executive Tony Hayward, but said no final decision has been made. Widespread reports over the weekend suggested Hayward is set to step down, but BP said its board will decide this evening on his future and also on the
Read moreMonday newspaper round-up: BP, Bank lending,House prices
26th Jul 2010 06:36
Tony Hayward, the embattled BP chief executive, will collect a pay and pension package worth £11.8 million when he falls on his sword this week. The oil company hopes that his departure will draw a line under its role in the Gulf of Mexico disaster. Five days after The Times revealed that Mr Haywar
Read morePRESS RELEASE: Texas Wyoming Drilling To Ship Calcium Carbonate to Gulf for BP Oil Spill Clean Up Testing
26th Jul 2010 06:08
The following is a press release from Texas Wyoming Drilling: LAS VEGAS, NV -- (MARKETWIRE) -- 07/26/10 --Texas Wyoming Drilling, Inc. (PINKSHEETS: TWDL) a diversified gold, mineral and rock mining company, announces that they are shipping calcium carbonate to the Gulf States to test its effect
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