BP Plans To Flare Tuesday At Los Angeles Area Refinery - Filing
12th Jul 2010 22:57
HOUSTON (Dow Jones)--BP Plc (BP) plans to execute a flare at its Los Angeles area refinery Tuesday through Thursday, according to a filing with environmental regulators. The filing didn't give any details about why Carson, Calif., refinery must flare. The refinery can process up to 265,000 barre
Read moreInterior Department Issues New Deepwater-Drilling Moratorium
12th Jul 2010 22:10
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The Obama administration on Monday issued a new moratorium on most deepwater-drilling activities, trying again with an approach that has already been invalidated by federal courts and dealing a blow to companies that had hoped
Read moreBP: Still Installing Cap, Helix Producer Collecting Oil
12th Jul 2010 22:01
(Updates with more details and comments from BP executive) By Cassandra Sweet and Susan Daker Of DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said Monday that it has started collecting oil from the Helix Producer vessel and aims to complete installation of a new sealing cap later in the day as
Read moreADR Report: Shares Close Lower As Latin America Weighs
12th Jul 2010 21:57
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed lower, with Latin America posting the biggest drop. The Bank of New York index of ADRs closed down 0.4% to 120.54. Miners were hit, as Japan's Fair Trade Commission is e
Read moreUS HOT STOCKS: Alcoa, Novellus Active In Late Trading
12th Jul 2010 21:55
U.S. stocks traded higher Monday as the Dow Jones Industrial Average rose 18 points to 10216, the Standard & Poor's 500 inched up 0.8 points to 1079 and the Nasdaq Composite climbed 1.9 points to 2198. Among the companies whose shares are actively trading in the late session are Alcoa Inc. (AA) and
Read moreCREDIT MARKETS: Corporate, Asset-Backed Markets See New Issues
12th Jul 2010 21:38
By Stan Rosenberg Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Monday's typically start out slowly in credit markets, but Treasurys were busy with a $35 billion three-year auction, while investment-grade and high-yield corporates also saw new issuance. Nearly $3 billion of asset-backed secur
Read moreBP WATCH: Shares Jump On Deal Speculation, Hope For New Cap
12th Jul 2010 20:26
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) shares jumped in the U.S. and London Monday as deal speculation increased while plans for a new sealing cap also raised hopes for the company's efforts to stop the leak in the Gulf of Mexico. BP
Read moreHEARD ON THE STREET: BP A Deal Too Far for Exxon
12th Jul 2010 18:40
By Liam Denning A DOW JONES COLUMN Even for Exxon Mobil, $48 billion is a big number. That is the drop in BP's market capitalization, relative to its peers, since disaster struck in the Gulf of Mexico on April 20. If--and it is a big "if"--the market has overreacted, then Exxon could acquire
Read moreUS HOT STOCKS: Hewitt Associates, Weyerhaeuser, BP, Playboy
12th Jul 2010 18:12
U.S. stocks traded lower Monday as the Dow Jones Industrial Average slipped 4.9 points to 10193, the Standard & Poor's 500 declined 2.1 points to 1076 and the Nasdaq Composite lost 3.5 points to 2193. Among the companies whose shares are expected to actively trade in Monday's session are Hewitt Asso
Read morePresidential Commission Launches Probe Into BP Oil Spill
12th Jul 2010 16:59
NEW ORLEANS (AFP)--A presidential commission officially launched its probe of the BP Plc (BP) oil spill Monday at a public meeting in New Orleans as engineers worked to fit a new cap on the gushing well about 52 miles offshore. "I wish that we had the power to bring immediate solutions to stop t
Read moreLondon close: BP rally lifts Footsie
12th Jul 2010 16:38
BP was in the driving seat, helping Footsie to good gains as the oil giant's shares rallied on the back of bid talk and hopes that the beginning of the end of the Gulf of Mexico oil leak is in sight. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago
Read moreMARKET TALK: Apache Possible Buy Of BP's Alaska Assets Faces Challenges -UBS
12th Jul 2010 16:07
Dow Jones] If Apache Corp. (APA) buys BP PLC's (BP) Alaska assets for about $12 billion the Houston-based company could face several challenges, UBS's analysts say. Apache has no experience in Artic development, the deal would need to be financed with material equity issuance of more than $5 billion
Read moreFTSE 100 movers: Bid speculation propels BP
12th Jul 2010 15:50
Bid speculation continues to push the BP share price higher. Exxon Mobil and Chevron have been told by the White House that it will not block a bid for BP. There is also speculation that BP is in talks with US independent oil company Apache over the sale of some of its assets in a deal that could
Read moreUS HOT STOCKS: Hewitt Associates, Weyerhaeuser, BP, Playboy
12th Jul 2010 15:37
U.S. stocks traded slightly lower Monday as the Dow Jones Industrial Average fell 5 points to 10193, the Standard & Poor's 500 fell 1 point to 1077 and the Nasdaq Composite climbed 3 point to 2199. Among the companies whose shares are expected to actively trade in Monday's session are Hewitt Associa
Read moreUPDATE: BP: Close To Installing Cap Over Well, Could Be Done Monday
12th Jul 2010 15:08
(Updates with more details from BP) By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) plans to install a new sealing cap Monday morning that could contain all of the oil spewing from the well as part of the U.K. oil giant's latest effort to the stop leak in th
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