4th UPDATE: BP Hopeful New Cap Seals Oil Well With No Leaks
17th Jul 2010 02:23
(Updates with comments from federal response commander and BP executive, and additional details throughout.) By Cassandra Sweet and Susan Daker Of DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said Friday that preliminary test results show that a new cap on the broken oil well in the Gulf of Me
Read moreUS Energy Secretary Finds Central Role As BP Stops Oil Flow
16th Jul 2010 23:05
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--As the public cheers news that a new cap has temporarily stopped oil flowing from a damaged BP PLC (BP, BP.LN) well, U.S. Energy Secretary Steven Chu has been focused on pressure readings. The information, which helps scie
Read moreUS Government: BP Continuing Gulf Well Test
16th Jul 2010 22:43
By Cassandra Sweet Of DOW JONES NEWSWIRES The U.S. government has told BP PLC (BP, BP.LN) to continue testing a new cap on the broken oil well in the Gulf of Mexico to see if the system can stop an oil leak that has fouled Gulf waters and beaches, the government's top official overseeing the
Read morePRESS RELEASE: Moody's Assigns Aa2 Rating To -2-
16th Jul 2010 22:06
it threatened to drive the fund's capital below $2 billion. This proposal, if approved, could replace the need for debt issuance to support state projects, while not fully depleting the trust fund's capital. GULF OIL SPILL THREATENS ALABAMA'S COAST Alabama's coastal area, which includes the City o
Read morePRESS RELEASE: Moody's Assigns Aa2 Rating To -3-
16th Jul 2010 22:06
MIS, a wholly-owned credit rating agency subsidiary of Moody's Corporation ("MCO"), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MIS have, prior to assignment of any rating, agreed
Read morePRESS RELEASE: Moody's Assigns Aa2 Rating To State Of Alabama's $29.7 Million Building Renovation Revenue Refunding Bonds Series 2010, Issued Through The Alabama Building Renovation Finance Authority
16th Jul 2010 22:06
The following is a press release from Moody's Investors Service: STATE'S STABLE OUTLOOK APPLIES TO CURRENT ISSUE AND APPROXIMATELY $170 MILLION OF SIMILARLY SECURED OBLIGATIONS Alabama Building Renovation Finance Authority State Alabama Moody's Rating Issue
Read moreADR REPORT: Shares Fall Broadly On Economic Outlook
16th Jul 2010 21:51
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York tumbled across the board on discouraging U.S. earnings reports and growing concerns about the economic outlook. The Bank of New York index of ADRs sank 3.1% to 119.61. The fina
Read more3rd UPDATE: BP Feels Good As Pressure Steadily Builds On Well During Test
16th Jul 2010 21:13
(Updates to add comments from on-scene commander in New Orleans) By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC's (BP, BP.LN) well integrity test survived the night as pressures steadily rose, showing that a newly placed cap might have the ability to completely shut
Read moreBP WATCH: BP's US Shares Slip Despite Progress With Well Test
16th Jul 2010 20:35
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of BP PLC (BP, BP.LN) fell in the U.S. Friday although its recently placed cap continued to show promise for having the ability to completely shut-in an overflowing well in the Gulf of Mexico. BP's American de
Read more2nd UPDATE: BP Feels Good As Pressure Steadily Builds On Well During Test
16th Jul 2010 20:20
(Updates to add more information on pressure readings) By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC's (BP, BP.LN) well integrity test survived the night as pressures steadily rose, showing that a newly placed cap might have the ability to completely shut in an over
Read moreUS EQUITIES WEEK AHEAD: More 2Q Reports, June Home Sales Data
16th Jul 2010 19:41
By Kathy Shwiff Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Next week is the first "peak week" of second-quarter earnings season, with more than one-third of the Dow Jones Industrial Average components and one-fifth of the companies in the Standard & Poor's 500 Index reporting. Sales of
Read moreBP: Payments To Gulf Residents, Businesses Reach $201 Million
16th Jul 2010 18:38
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) on Friday said payments to residents and businesses along the Gulf of Mexico affected by the oil spill have reached $201 million. The company said in all, 114,000 claims have been submitted, but more than 61,000 of those lack enough information for BP
Read moreSector movers: BP lifts oil stocks
16th Jul 2010 17:54
BP lifted the oil sector after saying that it yesterday succeeded in stopping the flow of oil pouring into the Gulf of Mexico for the first time in three months. The shutdown is part of an "integrity test" to see if the leaking wellhead can finally be contained. The test started last night and will
Read more2ND UPDATE: Firms Fined GPB9.5Mln For UK Buncefield Disaster
16th Jul 2010 16:56
(Adds quote from judge, background.) By Lananh Nguyen Of Dow Jones Newswires LONDON (Dow Jones)--Five companies Friday were fined a total of GBP9.5 million for their involvement in a massive fire and explosions at the Buncefield oil storage depot in Dec. 2005--the largest blaze in peacet
Read moreLondon close: US gloom floors Footsie
16th Jul 2010 16:36
Footsie closed in the red going into the weekend despite a good start as early optimism in the US earnings season gave way to doubts. Results from banks Citigroup and Bank of America and the conglomerate GE were poorly received, sending US shares plunging. Here, BP climbed after saying that it ye
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