CREDIT MARKETS: Hesitant But Still Open Despite Gloomy Data
14th Jul 2010 21:56
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Two large U.S. high-grade corporate issues got off the ground Wednesday, despite lackluster retail-sales data at the open and the downbeat tone of the newly released Federal Open Market Committee minutes from June. Syndicate bank
Read moreUS HOT STOCKS: Expeditors Intl, Lincoln Natl, Motorola -2-
14th Jul 2010 21:54
Benihana Inc. (BNHN, $6.63, +$0.60, +9.97%) (BNHNA, $6.16, +$0.74, +13.55%) said its board will consider several options, including a possible sale of the largest U.S. chain of Japanese theme and sushi restaurants, to maximize shareholder value and quell investor discontent. Cabot Microelectron
Read moreBP Executive: No Plans To Sell Alternative-Energy Businesses
14th Jul 2010 21:54
By Naureen S. Malik OF DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC (BP) has no plans to sell its renewable-energy businesses as the British oil giant seeks to sell billions of dollars of assets in the wake of the Gulf of Mexico oil spill, the head of the company's wind-power unit said W
Read moreUPDATE: BP Faces Pressure In US Congress On New Drilling
14th Jul 2010 20:55
(Adds new comment from Speaker Pelosi's office; Rep. Markey; details on energy legislation in the U.S. Senate.) By Siobhan Hughes and Stephen Power WASHINGTON (Dow Jones)--BP PLC (BP, BP.LN) came under new pressure in the U.S. Congress on Wednesday, as the company delayed its latest effort
Read moreBP's FCCU At Texas City Refinery Hits Snag - Filing
14th Jul 2010 20:50
HOUSTON (Dow Jones)--A key gasoline-making unit at BP PLC's (BP, BP.LN) at its Texas City, Texas, refinery hit a snag Wednesday, the company reported in a filing to environmental regulators. "They are in the process of resuming normal operations" at the fluid catalytic cracking unit No. 1, the f
Read moreBP WATCH: BP's Shares Slip On Delay Of Key Test For Well
14th Jul 2010 20:16
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) shares fell Wednesday after the company delayed a test that would indicate whether a sealing cap can completely shut the flow from its leaking oil well in the Gulf of Mexico. BP's American deposi
Read moreBP Faces Pressure In US Congress On New Drilling
14th Jul 2010 20:10
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--BP PLC (BP, BP.LN) came under new pressure in the U.S. Congress on Wednesday, as the company's efforts to clamp down on a leaking undersea well did little to diminish a Democratic-led push to make the company pay for a prolonged
Read moreUS HOT STOCKS: Expeditors, Kulicke & Soffa, RadioShack -2-
14th Jul 2010 18:35
Benihana Inc. (BNHN, $6.86, +$0.83, +13.76%) (BNHNA, $6.06, +$0.64, +11.71%) said its board will consider several options, including a possible sale of the largest U.S. chain of Japanese theme and sushi restaurants, to maximize shareholder value and quell investor discontent. Cabot Microelectro
Read moreExxon Mobil Algae-Fuels Venture Moves From Lab To Greenhouse
14th Jul 2010 18:00
By Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Exxon Mobil Corp. (XOM) and Synthetic Genomics Inc. are taking their algae biofuels program into the light, at a southern California greenhouse that will allow the companies to experiment with pond scum outside of a laboratory set
Read moreHouse Panel Votes to Keep BP From Obtaining Offshore Leases
14th Jul 2010 17:22
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones) -- A House panel on Wednesday voted to ban BP PLC (BP, BP.LN) from obtaining new offshore leases or drilling permits for as many as seven years if the company winds up paying substantial civil penalties and criminal fines in co
Read moreLondon close: Winning streak ends
14th Jul 2010 17:05
A spirited late rally was not enough to return Footsie into positive territory. The blue-chip index recovered from its nadir of 5,206 to rise almost 50 points in the last 90 minutes of trading. Just a third of the blue-chip index's constituents advanced on the day and chief among them was chip desi
Read moreCANADA VENTURE: Genoil In Talks With BP To Clean Up Oil Spill
14th Jul 2010 17:00
By Caroline Van Hasselt Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--Canada's Genoil Inc. (GNO.V) is in talks with BP Plc (BP) to help clean up the oil-polluted Gulf of Mexico waters and beaches. "We were approached by BP, and we've been exchanging a lot of information with them," says Ge
Read moreCORRECT: DEALWATCH: Less Urgency In BP Asset Sale Than Headlines Imply
14th Jul 2010 16:43
("=DEALWATCH: Less Urgency In BP Asset Sale Than Headlines Imply," at 1428 GMT, misstated the type of cash flow in the eighth paragraph. The correct version follows:) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) is in no great rush to complete the sale of $10 b
Read moreCORRECT: Less Urgency In BP Asset Sale Than Headlines Imply
14th Jul 2010 16:42
("=DEALWATCH: Less Urgency In BP Asset Sale Than Headlines Imply," at 1428 GMT, misstated the type of cash flow in the eighth paragraph. The correct version follows:) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) is in no great rush to complete the sale of $10 bi
Read moreOil Industry To Form Accident Group Following BP Spill
14th Jul 2010 16:22
BRUSSELS (Dow Jones)--Oil and gas companies Wednesday said they will form a group to respond to major accidents in the aftermath of the catastrophic explosion and oil leak from a BP PLC's (BP) drilling rig in the Gulf of Mexico. After meeting with the European Commission, the EU's executive arm,
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