CDS On BP, Oil-Spill Companies Rally On Divestiture Talks
12th Jul 2010 15:00
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The cost of protecting BP PLC's (BP, BP.LN) debt fell sharply Monday amid reports that the U.K. oil giant is in talks to sell more than $10 billion of assets to exploration and production company Apache Corp. (APA), and separately th
Read moreBP: Close To Installing Cap Over Well, Could Be Done This Morning
12th Jul 2010 14:33
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 the U.S. Gulf of Mexico, the company's chi
Read moreLondon afternoon: Resource stocks hog the action
12th Jul 2010 14:24
Footsie kicked on over the lunch time session despite mining stocks continuing to be a drag on the index. Expectations of a firm start on Wall Street boosted sentiment while speculative buying has seen BP add to the morning's gains. BP said the cost of the clean-up in the Gulf of Mexico has risen t
Read moreUPDATE: Enel Opens World's 1st 16MW Hydrogen-Run Plant
12th Jul 2010 14:19
(Adds detail, further CEO comment.) By Liam Moloney Of DOW JONES NEWSWIRES FUSINA, Italy (Dow Jones)--Enel SpA (ENEL.MI) Monday said it opened the world's first hydrogen-run power plant as the Italian utility beefs up its green credentials ahead of the planned multibillion-euro sale of i
Read moreUPDATE: 'Significant Progress' Made In Capping Gulf Oil Well-Coast Guard
12th Jul 2010 13:45
(Updates with additional quotes) NEW ORLEANS (AFP)--BP PLC (BP) has made "significant progress" in installing a new cap over the gushing oil well in the Gulf of Mexico and may be hours away from fitting it in place, officials said Monday. "We've made significant progress. This could lead to
Read moreSector movers: BP rally lifts oil stocks
12th Jul 2010 13:35
Shares in BP are rallying, helping lift the oil and gas sector higher. The oil giant said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, although some say that figure could eventually hit $70bn. The first half of August rem
Read moreMARKETWATCH VIEW: 2010 Investment Ideas That -2-
12th Jul 2010 13:30
What to do: Ed Yardeni, chief investment strategist at Yardeni Research Inc., told clients recently that industrials companies should see improving profit margins as the year unfolds, yet the sector's valuation is attractive. Ridgeworth's Wordell favors industrial companies that he said stand t
Read moreMARKETWATCH VIEW: 2010 Investment Ideas That Hit--And Missed
12th Jul 2010 13:30
By Jonathan Burton The old market adage to "sell in May and go away" sure has a nice ring to it nowadays, with U.S. stocks posting double-digit losses since their late April peak. Six months ago it seemed that stock and bond markets would continue their powerful rally, and the 10 investmen
Read moreBEFORE THE BELL -2: US HOT STOCKS TO WATCH
12th Jul 2010 13:27
Among the companies whose shares are expected to actively trade in Monday's session are BP PLC (BP), Aon Corp. (AON) and Hewitt Associates Inc. (HEW). Shares of BP PLC gained amid media speculation that the whole firm or some of its assets may be sold off. The Wall Street Journal reported that
Read moreBEFORE THE BELL: US Stock Futures Down Before Earnings Season Start
12th Jul 2010 13:04
By Polya Lesova Stocks on Wall Street look set to open lower Monday following their best week in nearly a year, as investors exercised caution ahead of the kick-off of earnings season by aluminium giant Alcoa Inc. Futures on the Dow Jones Industrial Average declined 30 points to 10,102. S&P
Read moreCORRECT: BEFORE THE BELL: US Stock Futures Lower Ahead Of Alcoa Results
12th Jul 2010 12:56
("BEFORE THE BELL: US Stock Futures Lower Ahead Of Alcoa Results," at 5:58 a.m., EDT, misstated the expected second quarter earnings of Alcoa in the fourth paragraph. The correct version follows) By Polya Lesova Stocks on Wall Street looked set to open lower Monday following their best wee
Read more'Significant Progress' Made In Capping Gulf Oil Well-Coast Guard
12th Jul 2010 12:49
NEW ORLEANS (AFP)--Engineers have made "significant progress" in efforts to replace a cap over a gushing oil well in the Gulf of Mexico, Coast Guard Commander Thad Allen said Monday. "We've made significant progress. This could lead to the shutting of the well," Allen told NBC television's "Toda
Read moreRobots Work To Replace Cap Over Gushing BP Oil Well
12th Jul 2010 12:14
NEW ORLEANS (AFP)--Engineers battled Monday to replace a cap over a gushing oil well in the Gulf of Mexico after reporting good progress in attempts to contain the worst environmental disaster in U.S. history. Operations reached a critical phase as engineers raced to take advantage of a stretch
Read moreLondon midday: BP a bright spot in lacklustre Footsie
12th Jul 2010 12:01
Shares in BP have jumped on takeover talk and hopes that it is making progress as it caps the oil leak in the Gulf of Mexico, but Footsie is little changed overall. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, alt
Read moreBP's Russian Venture Sells More Fuel Via Exchanges
12th Jul 2010 11:59
MOSCOW (Dow Jones)--BP PLC's (BP) joint venture in Russia said Monday it is selling more fuel via exchanges as antitrust regulators target oil companies accused of abusing their dominant positions. TNK-BP International (TNBP.RS) in June sold 159,000 tons of petroleum products, or 19% of its tota
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