Week Ahead: BP, Reckitt Benckiser, ARM
23rd Jul 2010 11:20
More than one-fifth of the constituents of the FTSE 100 index are set to make trading statements in the last week of July so there is heavy competition for attention, but there is little doubt that the second quarter update from oil giant BP is the one the market and the press are most eagerly antic
Read moreBEFORE THE BELL: US Stock Futures Up Before Honeywell, Ford Data
23rd Jul 2010 11:10
By Polya Lesova U.S. stock futures posted modest gains on Friday, buoyed by strong economic data from Germany and the U.K., as investors awaited earnings results from Honeywell and Ford as well as the results from the European bank-stress tests. Futures on the Dow Jones Industrial Average a
Read morePakistan Official: Government May Mull Buying BP Assets In Country
23rd Jul 2010 09:32
SINGAPORE (Dow Jones)--BP PLC (BP) has informally informed the government of Pakistan of a possible sale of its assets in the country as part of its global campaign to raise money to clean up the Gulf of Mexico oil spill and pay for damages, the head of the country's upstream regulator said Friday.
Read moreUPDATE: BP Suspends Relief-Well Activity Due To Weather
23rd Jul 2010 08:56
(Adds U.S. National Hurricane Center weather advisory information, context and background.) By Leia Parker Of DOW JONES NEWSWIRES LONDON (Dow Jones)--British oil major BP PLC (BP) said Friday it will temporarily suspend relief-well activities aimed at permanently shutting its damaged d
Read moreLondon open: Footsie moves higher
23rd Jul 2010 08:55
London has shrugged off an early dip and is now making progress again following on Wall Street's rise last night on the back of good US company earnings. Banks are likely to be a focus for most of the day as the results of the European stress tests are unveiled. There is some confusion over exactly
Read moreGulf Of Mexico Spill Workers Evacuate As Bonnie Bears Down
23rd Jul 2010 08:51
NEW ORLEANS (AFP)--Crews working on a huge oil spill evacuated Friday as a tropical storm barreled toward the Gulf of Mexico, prolonging the region's environmental and economic nightmare. The cap in place for a week on the ruptured well will remain in place, but efforts to complete the relief we
Read moreLondon pre-open: Footsie set to crawl higher
23rd Jul 2010 07:33
A modestly firmer start is expected in London with traders predicting the FTSE 100 index will open around 7 points higher. Mobile phone network operator Vodafone returned to organic revenue growth in the April to June quarter of 2010 for the first time since the near global recession. Group revenue
Read moreBP MC252 Well Suspended Due To Tropical Storm Bonnie >BP
23rd Jul 2010 07:08
LONDON (Dow Jones)--Oil major BP PLC (BP) said Friday that with the guidance and approval of the National Incident Commander and the leadership and direction of federal government, relief well activities at the MC252 well site will be temporarily suspended because of potentially adverse weather asso
Read moreStorm halts work on BP relief well
23rd Jul 2010 07:03
BP has temporarily suspended relief well activities at the MC252 well site in the Gulf of Mexico due to "potentially adverse weather" linked to Tropical Storm Bonnie. The move at the well, which has been shut-in for integrity testing for the past seven days, is backed by Admiral Thad Allen, the ret
Read moreFriday newspaper round-up: British Airways, BP, Tomkins
23rd Jul 2010 06:37
British Airways has issued legal proceedings against 24 rival airlines that it claims should share potential damages arising from a price-fixing lawsuit, The Times has learnt. BA has been sued by about 250 companies after it pleaded guilty in the United States to being part of a cartel that fixed t
Read moreBP Accused Of Trying To Silence Scientists On Spill - Report
23rd Jul 2010 04:44
LONDON (AFP)--The head of the American Association of Professors accused BP PLC (BP) Friday of trying to buy the silence of scientists and academics to protect itself after the Gulf oil spill, in a BBC interview. "This is really one huge corporation trying to buy faculty silence in a comprehensi
Read more2nd UPDATE: US Government Orders Spill Site Evacuation As Storm Brews
23rd Jul 2010 03:22
By Susan Daker, Angel Gonzalez and David Winning Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--The U.S. government Thursday evening ordered the evacuation of a drilling rig working to intercept the damaged Macondo well in the Gulf of Mexico, a move the federal response commander said may dela
Read moreLouisiana Says Oil Moratorium Halting Nearly All Drilling
23rd Jul 2010 02:45
NEW ORLEANS (AFP)--The U.S. government's freeze on new deepwater oil drilling is halting nearly all exploration in the Gulf of Mexico, including shallow-water projects, local officials said. The Louisiana Department of Natural Resources said this week that approved shallow-water drilling permits
Read moreUS Unified Command Suspends BP Relief Well In Gulf Due To Storm
23rd Jul 2010 02:30
DOW JONES NEWSWIRES The U.S. government ordered the evacuation of vessels working on oil-spill recovery Thursday evening as Tropical Storm Bonnie approached the Gulf of Mexico, the federal response commander said. In a statement, Ret. Coast Guard Adm. Thad Allen said the rig drilling a well
Read moreUS Senate Panel Denies Asking Blair To Testify
23rd Jul 2010 02:00
WASHINGTON (AFP)--A U.S. Senate panel Thursday categorically denied having asked former U.K. Prime Minister Tony Blair to testify about whether BP PLC (BP) lobbied for the release of the Lockerbie bomber. "Tony Blair has not been invited to testify. Any such indication was made in error," Senate
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