N AMERICAN MORNING BRIEFING:Stocks Seen Flat; JP Morgan Eyed
15th Jul 2010 11:28
DJIA Futures 10313.5 +5.5 +0.1% S&P 500 Futures 1091.1 +0.0 +0.0% Nasdaq Futures 1854.0 +2.8 +0.1% Above are as of 0615 ET FTSE 100 5239.4 -14.1 -0.3% Xetra DAX 6214.5 +4.7 +0.1% CAC40 3630.1 -2.9 -0.1% Above are as of 0
Read moreMARKET TALK: Oil Spill To Cost BP $39 Billion - Citi
15th Jul 2010 10:04
0904 GMT [Dow Jones] The Gulf of Mexico oil spill will eventually costs BP (BP) $39Bln, spread out over the next three years, says Citigroup. The gross costs of the spill will be around $50Bln, but after accounting for tax deductions and the share of costs borne by BP's partners in the well, the net
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
15th Jul 2010 10:04
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0904 GMT [Dow Jones] The Gulf of Mexico oil spill will eventually costs BP (BP) $39Bln, spread out over the next three yea
Read moreBP stops oil leak in Gulf
15th Jul 2010 09:06
BP has "temporarily" stopped the flow of oil pouring into the Gulf of Mexico, it announced tonight, 88 days after an explosion on the Deepwater Horizon drilling rig started oil spewing out from the Macondo well. The firm said the shutdown was part of an "integrity test" to see if the leaking wellhe
Read moreMARKET TALK: BP's Latest Cap Could Cap Shr Losses, If It Works
15th Jul 2010 07:46
0646 GMT [Dow Jones] The installation of BP's (BP.LN) capping stack device is an important step in rehabilitating the stock and the focus will now shift to paying damages says Citigroup. "The quantum of penalties and punitive damages that BP is forced to pay is key since they are not tax deductible
Read moreThursday newspaper round-up: BP, Fairfield Energy, Glaxo
15th Jul 2010 06:24
BP is facing a ban on getting any new offshore licences to produce oil and gas in the US for a number of years. A house committee has passed a bill stopping any company from getting permission to drill for seven years if it has caused more than 10 deaths during operations, while contravening health
Read more2nd UPDATE: BP Gets Approval, Begins Procedure To Test Gulf Well
15th Jul 2010 02:29
(Updates with details about pipeline leak) By Cassandra Sweet and Susan Daker Of DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said Wednesday it was fixing a leaky pipeline as part of steps to begin testing a new system that could stop oil gushing out of a broken well in the Gulf of Mexico.
Read moreBP: To Repair Pipeline Leak Before Testing Starts
15th Jul 2010 01:24
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said late Wednesday that it was fixing a leak in a pipeline connected to a new cap that the company placed over a leaking oil well in the Gulf of Mexico. BP detected the leak in a "choke line" connected to the cap as part of procedures it was undertaki
Read moreUPDATE:US: BP Must Pay Royalties On Oil, Gas From Gulf Well
15th Jul 2010 00:46
(Updates with comments from BP spokesman.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The Obama administration said Thursday that BP PLC (BP, BP.LN) must pay royalties on oil and gas collected from the broken well in the Gulf of Mexico--including royalties on lost o
Read more3rd UPDATE: Sen Mikulski: May Subpoena Dispersant-Maker Nalco
15th Jul 2010 00:16
(Updates with comment from Nalco spokesman; adds background on status of BP leak.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Sen. Barbara Mikulski (D., Md.), said Thursday she might subpoena Nalco Holding Co. (NLC) executives to testify at a hearing because the mak
Read moreCORRECT: US HOT STOCKS: Goldman Sachs, Google, BP Active In Late Trading
15th Jul 2010 00:07
("US HOT STOCKS: Goldman Sachs, Google, BP Active In Late Trading" at 4:57 p.m. ET misstated the news related to Vivus' obesity drug. A corrected version follows:) U.S. stocks ended mixed Thursday. The Dow Jones Industrial Average fell 7.41 points to 10359.31 and the Nasdaq Composite declined 0
Read moreBP: Collected 5,875 Barrels Of Oil, Flared 3,420 Barrels Thu
15th Jul 2010 00:06
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said that it collected 5,875 barrels of oil and flared, or burned, 3,430 barrels of oil from the Gulf of Mexico early Thursday, before shutting down oil containment operations prior to testing a new cap the company has placed on top of a broken oil well.
Read moreNatural-Gas Plan Backed By Pickens Seen Added To Senate Bill
14th Jul 2010 23:51
By Siobhan Hughes and Martin Vaughan Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A plan promoted by investor T. Boone Pickens to encourage more natural-gas vehicles will likely hitch a ride on a Senate energy bill that is to come up for a vote at the end of July. "We plan to do somet
Read moreUS Government Gives Go-Ahead For BP Well Testing
14th Jul 2010 23:10
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--The U.S. government late Wednesday cleared BP PLC (BP, BP.LN) to begin testing a new system for collecting oil gushing out of its blown out Gulf of Mexico well, after Obama administration officials ordered a delay to resolve concerns
Read moreUPDATE: BP: No Plans To Sell Alternative-Energy Businesses
14th Jul 2010 22:58
(Adds additional background and analyst comments in the fifth, ninth, 13th and 14th paragraphs.) By Naureen S. Malik Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC (BP, BP.LN) has no plans to sell its renewable-energy businesses as the British oil giant seeks to sell billions of dol
Read more