UPDATE: Kuwait Official Says Increasing Stake In BP A Bad Idea
6th Jul 2010 13:35
(Adds background.) 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 t
Read moreBEFORE THE BELL -2: US HOT STOCKS TO WATCH
6th Jul 2010 13:33
Among the companies whose shares are expected to actively trading in Tuesday's session are Oshkosh Corp. (OSK), BP PLC (BP) and Taseko Mines Ltd. (TGB). Oshkosh won contracts worth $690.5 million to supply the Army with tactical trucks and trailers, the Defense Department said Friday. The large
Read more3rd UPDATE:BP Won't Issue New Equity To Cover Gulf Spill Costs
6th Jul 2010 13:33
(Adds Kuwait official comment.) 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 cover the
Read moreMARKETWATCH VIEW: Five Burning Questions For Wall Street
6th Jul 2010 13:28
By David Weidner A DOW JONES COLUMN The rumbling you heard in the skies over the weekend wasn't the bottom falling out of the stock market--markets were, after all, closed--but more likely, it was fireworks, which means we've crossed the halfway point of 2010. Given the rollercoaster of
Read more2nd UPDATE:BP Won't Issue New Equity To Cover Gulf Spill Costs
6th Jul 2010 13:20
(Adds analyst comment.) 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 cover the costs of
Read moreBP's Hayward Reiterates Commitment To Azerbaijan Projects
6th Jul 2010 12:53
MOSCOW (Dow Jones)--BP PLC's (BP) Chief Executive Tony Hayward Tuesday reiterated his company's commitment to Azerbaijan, where the company operates the huge Shah Deniz field. "Hayward reiterated BP's commitment to Azerbaijan and to the continuing successful cooperation with the government and (
Read moreBEFORE THE BELL: US Stock Futures Higher; Inspired By Overseas Rally
6th Jul 2010 12:50
By Barbara Kollmeyer U.S. stock futures were higher Tuesday as traders return from a long holiday weekend, with hawkish comments from the Australian central bank supporting markets as well as a rally in Chinese and European stocks. Building on earlier gains, futures for the Dow Jones Indust
Read moreKuwait Oil Official Says Increasing Stake In BP A Bad Idea
6th Jul 2010 12:45
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 rescue the struggling U.K. company. "The investment authority in Kuwait
Read moreLondon midday: Equities advance on broad front
6th Jul 2010 12:14
Footsie ended the morning sporting a triple digit gain with just a couple of index constituents failing to participate in the advance. Banks and miners are vying to drive the market higher with miners winning through weight of numbers. Antofagasta, Kazakhmys, Xstrata, ENRC and Rio Tinto are the s
Read moreUK Govt Declines To Comment On Reported BP Contingency Plans
6th Jul 2010 11:29
LONDON (Dow Jones)--U.K. Prime Minister David Cameron's spokesman declined to comment Tuesday on a report that government departments were preparing a contingency plan in case of the collapse of U.K. oil giant, BP PLC. Asked about a report in the Times, suggesting the Treasury and the Business d
Read moreBEFORE THE BELL: US Stock Futures Higher; Australia In Focus
6th Jul 2010 11:03
By Barbara Kollmeyer U.S. stock futures were pointing higher Tuesday as traders return from a long holiday weekend, with hawkish comments from the Australian central bank supporting markets. Futures for the Dow Jones Industrial Average rose 73 points to 9669, while futures for the S&P 500 r
Read moreMARKET TALK: BP Pushes Higher; Positive Newsflow
6th Jul 2010 10:59
0959 GMT [Dow Jones] BP (BP) shares +3.4% at 344.5p, still gaining after the weekend news concerning the possibility of a strategic investor coming on board, notes David Jones, Chief Market Strategist, IG Index. Today's news that BP won't be issuing any more shares has calmed any nerves brought on b
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
6th Jul 2010 10:59
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0959 GMT [Dow Jones] BP (BP) shares +3.4% at 344.5p, still gaining after the weekend news concerning the possibility of a str
Read moreUPDATE: BP: Won't Issue New Equity To Cover Gulf Spill Costs
6th Jul 2010 09:37
(Adds details.) 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 cover the costs of the oil
Read moreBrazil Minister: Unclear For Now If Tighter Oil Drilling Rules Needed
6th Jul 2010 09:13
SHANGHAI (Dow Jones)--BP PLC's (BP.LN) oil spill in the Gulf of Mexico should be considered an accident and the Brazilian government will wait for results from investigations to see if more stringent regulations are needed in Brazil's offshore drilling sector, Marcio Zimmermann, Brazil's Mines and E
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