US HOT STOCKS: IBM, Texas Instruments Active In Late Trading
19th Jul 2010 22:08
U.S. stocks closed higher Monday as the Dow Jones Industrial Average rose 57 points to 10154, the S&P 500 gained 6 points to 1071 and the Nasdaq Composite moved up 19 points to 2198. Among the companies whose shares are actively trading in the after-hours session are International Business Machines
Read moreADR Report: Shares Close Slightly Higher, With Broader Market
19th Jul 2010 22:02
By Adam Cancryn Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed higher Monday, shaking off a cut to Ireland's credit rating, as investors in the broader market also looked ahead to what's hoped to be strong earnings reports on tap later this we
Read moreBP Spokesman: Gulf Seafloor Hydrocarbon Seep Believed Natural
19th Jul 2010 21:29
HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) believes an unspecified amount of hydrocarbons seeping from the seafloor near the leaking Macondo well is natural and unrelated to the test of its new containment system, a company spokesman said Monday. "We understand it's natural seepage," the spokesman
Read moreRep. Waxman Seeks Details On Hydraulic Fracturing Process
19th Jul 2010 19:47
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The chairman of the U.S. House Committee on Energy & Commerce has asked 10 oil and gas companies to provide detailed information on their use of a controversial drilling practice known as hydraulic fracturing. In a letter s
Read moreHEARD ON THE STREET: BP Could Defer To Royalty
19th Jul 2010 19:42
By Liam Denning A DOW JONES COLUMN A quick sale of its Alaskan assets to Apache Corp. would be a neat way for BP to raise cash. But there is no guarantee of that deal happening, so it's worth examining other options. A possible route is one BP has taken before: the creation of a royalty
Read moreUK Government: Libya Now UK's Partner Not Opponent
19th Jul 2010 18:56
By Laurence Norman Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. Prime Minister David Cameron's government sees Libya as a partner not an opponent, but wants Col. Moammar Gadhafi's regime to continue to demonstrate it has turned its back on its "dark" past, a spokeswoman said Monday. T
Read moreUPDATE: BP To Drill 80-100 New Oil Wells In Iraq's Rumaila -Exec
19th Jul 2010 18:52
(Adds comments and details starting in the fifth paragraph.) By Hassan Hafidh Of DOW JONES NEWSWIRES BAGHDAD (Dow Jones)--British oil major BP PLC (BP, BP.LN) and partners China National Petroleum Corp. (CNPC.YY) and Iraq's state-run South Oil Co. expect to issue tenders to drill betwe
Read moreBP To Drill 80-100 New Oil Wells In Iraq's Rumaila -Exec
19th Jul 2010 18:33
By Hassan Hafidh Of DOW JONES NEWSWIRES BAGHDAD (Dow Jones)--British oil major BP PLC (BP, BP.LN) and partners China National Petroleum Corp. and Iraq's state-run South Oil Co. expect to issue tenders to drill between 80 and 100 wells in the immense Rumaila oil field this year and next year
Read moreUS HOT STOCKS: Halliburton, PetMed, ATC Tech, Tomkins, BP
19th Jul 2010 18:31
U.S. stocks traded higher Monday as the Dow Jones Industrial Average rose 38 points to 10136, the S&P 500 was up 3.7 points to 1068 and the Nasdaq Composite rose 7.2 points to 2186. Among the companies whose shares are actively trading in the session are Halliburton Co. (HAL), PetMed Express Inc. (P
Read more2nd UPDATE:Halliburton Profit Soars As North American Ops Recover
19th Jul 2010 17:40
(Updates with comments from conference call, share price information) By Jason Womack Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Halliburton Co.'s (HAL) second-quarter earnings rose 83% as the oilfield-services company reported stronger revenue and sequential growth in North American
Read moreFears Of Seepage At BP's Well Drive Up Risk Premiums, CDSs
19th Jul 2010 17:25
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The cost to insure debt issued by BP (BP.LN, BP) rose 7.2% Monday morning after U.S. authorities expressed concerns about possible seepage on the seabed near the site of the Macondo oil well, where BP is testing its containment cap.
Read moreEARNINGS PREVIEW: US Oil Majors' 2Q Net Seen Aided By Refining
19th Jul 2010 17:11
By Isabel Ordonez Of DOW JONES NEWSWIRES TAKING THE PULSE: Second-quarter earnings of major U.S. oil companies are expected to be higher than in the previous quarter, driven mainly by improved refining margins, which benefited from a stronger demand for fuel in the three months ended June 3
Read moreBP WATCH: Containment Cap Testing Continues Amid Concerns About Seeps
19th Jul 2010 17:10
By Stephen Wisnefski and Angel Gonzalez Of DOW JONES NEWSWIRES The U.S. government authorized BP Plc (BP) to keep a tightly sealed cap on the damaged well on the floor of the Gulf of Mexico for an additional 24 hours, as concerns linger about the possibility that oil or methane could be see
Read moreBP Oil Fund Czar To Weigh Popularity Of $20B Claims Program
19th Jul 2010 17:00
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The top administrator of BP PLC's (BP, BP.LN) $20 billion oil-spill fund said it will take three to six months to determine roughly how many people opt out of the claims program set up by the company and elect instead to file
Read moreLondon close: Sluggish Footsie closes lower
19th Jul 2010 16:52
Footsie finished in the red Monday as M&A excitement failed to give the leading share index any real sense of direction. International Power was the best FTSE 100 performer after French energy giant GDF Suez revived talks about a partnership to create a new London-listed electricity group. The deal
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