BP WATCH: Shares Rise To 2-Week High, Dilution Worries Ease
6th Jul 2010 17:37
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of BP PLC (BP) rose sharply Tuesday after the oil giant put to rest speculation that it was planning to issue new shares to better deal with escalating costs from the Gulf of Mexico oil spill. American deposit
Read moreMARKET TALK: Gulf Spill Yet To Ripple For Local Governments
6th Jul 2010 17:26
12:26 (Dow Jones) State and local governments by the Gulf of Mexico haven't suffered major damage to creditworthiness because of the oil spill, S&P says. Direct payments by BP and spending by clean-up workers have helped, and the $20B escrow fund will help limit the economic impact. "But depending o
Read moreLondon close: Footsie ends on a high
6th Jul 2010 17:01
The FTSE 100 finished just three points shy of its high point for the day as miners, particularly copper miners, drove the market higher. Copper producers Antofagasta and Kazakhmys were the two best performers as the price of copper rose the most in a week on the back of declining stockpiles. Mini
Read moreAnadarko Shares Trigger NYSE Circuit Breakers Following Error
6th Jul 2010 17:00
By David Benoit Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of Anadarko Petroleum Corp. (APC) were the latest to trigger the New York Stock Exchange's new single-stock circuit breaker rules on Tuesday with one erroneous trade that has already been canceled. NYSE Euronext (NYX) sp
Read moreGulf Coast States' Credit Status Unhurt So Far By Spill--S&P
6th Jul 2010 16:59
DOW JONES NEWSWIRES The credit-worthiness of state and local governments along the Gulf Coast thus far hasn't seen "major damage" as a result of effects from the ongoing oil spill, in part because of payments already made and expected in the future from BP PLC (BP, BP.LN), said Standard & Poor'
Read more4thUPDATE:BP Won't Issue New Equity To Cover Gulf Spill Costs
6th Jul 2010 16:43
(Adds comment on shares held in treasury.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) killed speculation Tuesday that it was looking for a white knight investor to take a large equity stake in the company by saying it won't issue new equity to raise money to
Read moreBP: About 24,980 Barrels Of Total Oil Recovered July 5
6th Jul 2010 15:44
By Angel Gonzalez Of DOW JONES NEWSWIRES BP Plc (BP) said Tuesday that it captured about 24,980 barrels of crude from the Deepwater Horizon spill in the U.S. Gulf of Mexico on Monday, indicating that oil recovery efforts at the site of the spill have stabilized, even as a new storm could soon h
Read moreUS HOT STOCKS: Broadwind Energy, BP, Taseko, Cliffs Natural
6th Jul 2010 15:27
U.S. stocks were rising Tuesday with the Dow Jones Industrial Average gaining 1.7% to 9851, the S&P 500 climbing 1.9% to 1042, and the Nasdaq Composite rising 2.1% to 2136. Among the companies whose shares are actively trading in the session are Broadwind Energy Inc. (BWEN, $3.59, +$0.80, +28.67%),
Read moreOil From BP's Leaking Well Reaches Texas, Lake Pontchartrain
6th Jul 2010 15:11
By Brian Baskin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Oil from BP PLC's (BP, BP.LN) gushing underwater well in the Gulf of Mexico has reached Texas's coastline and Louisiana's Lake Pontchartrain, as high seas have hindered efforts to contain the leak. The U.S. Coast Guard confirme
Read moreKuwait Official Says Raising BP Stake A Bad Idea
6th Jul 2010 14:30
By Tahani Karrar-Lewsley Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--A member of Kuwait's top oil policy committee moved Tuesday to distance the Gulf country from increasing its stake in BP PLC (BP, BP.LN) as speculation continues that Middle East investors are preparing to rescue the strug
Read moreMARKET TALK: BP's CDS Levels Start To Improve
6th Jul 2010 14:22
1321 GMT [Dow Jones] CDS levels for troubled oil giant BP PLC start 25BP improved at 440BP, according to CMA Datvision. Shares for BP climbed 6.4% in premarket trade after the company said it won't issue new shares to fund Gulf clean-up costs. CDS for BP has fallen four consecutive trading sessions
Read moreMARKET TALK: BP's CDS Levels Start Off Improved
6th Jul 2010 14:17
9:17 (Dow Jones) CDS levels for troubled oil giant BP start 25BP improved at 440BP, according to CMA Datvision. Shares for BP climbed 6.4% in premarket trading after the company said it won't issue new shares to fund Gulf clean-up costs. CDS for BP has fallen four consecutive trading sessions after
Read more3rd UPDATE: Kuwait Official Says Raising BP Stake A Bad Idea
6th Jul 2010 14:12
(Adds latest BP share price.) By Tahani Karrar-Lewsley Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--A member of Kuwait's top oil policy committee moved Tuesday to distance the Gulf country from increasing its stake in BP PLC (BP.LN) as speculation continues that Middle East investors a
Read moreLondon afternoon: Rally continues
6th Jul 2010 14:03
London stocks made further headway over the lunchtime session, with banks and miners still leading the way. Antofagasta, Kazakhmys, Xstrata, Vedanta and Rio Tinto are the stand out performers in the mining sector, as commodity stocks come back into fashion after their recent buffeting, though gold
Read more2nd UPDATE: Kuwait Official Says Raising BP Stake A Bad Idea
6th Jul 2010 13:55
(Adds data.) By Tahani Karrar-Lewsley Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--A member of Kuwait's top oil policy committee moved Tuesday to distance the Gulf country from increasing its stake in BP PLC (BP.LN) as speculation continues that Middle East investors a preparing to resc
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