OPTIONS REPORT: Traders See Anadarko Stuck In The Muck
30th Jun 2010 20:30
By Brendan Conway Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--On a day when investors retained some optimism over BP PLC's stock, options traders suggested that shares in Anadarko Petroleum Corp., a key partner in the Gulf oil spill, will stay depressed for several months. BP's stock ha
Read moreUPDATE: US Rep Drafts Bill To Block BP From New Drilling Leases
30th Jun 2010 20:15
(Update includes a comment from BP and details on the legislation to which Miller wants to add his bill.) By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--An influential lawmaker is drawing up legislation to block BP PLC (BP, BP.LN) from obtaining new offshore drilling
Read moreEPA: Dispersants Less Toxic Than Oil; Should Be Used Sparingly
30th Jun 2010 20:10
DOW JONES NEWSWIRES U.S. environmental regulators said Wednesday that none of eight oil dispersants it tested, including the one being used to break up the Gulf of Mexico oil spill, significantly disrupts the vital endocrine systems of marine creatures, although more study is required. More
Read moreRep Miller Drafts Bill To Block BP From New Drilling Leases
30th Jun 2010 19:44
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--An influential lawmaker is drawing up legislation to block BP PLC (BP, BP.LN) from obtaining new offshore drilling leases for up to seven years. After voicing concern over BP's safety record in a congressional hearing Wedn
Read moreTAKING STOCK: Selling Exhaustion Triggers BP Bounce
30th Jun 2010 19:32
By Tomi Kilgore Of DOW JONES NEWSWIRES Sometimes there's no better explanation for why a stock starts to rally than because it just stopped going down. The U.S.-listed shares of BP PLC (BP, BP.LN) have lost half their value since the beginning of the year, underperforming the broad stoc
Read moreEnergy Stocks Recoup Some Recent Declines Amid Inventory Data
30th Jun 2010 18:35
By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of energy companies saw some relief Wednesday, recouping some of their losses from Tuesday's sharp declines spurred by worries about weaker demand in China. Energy recently bucked declining crude oil prices to become one
Read moreUS HOT STOCKS: Argon, Abraxis BioScience, General Mills, BP
30th Jun 2010 18:19
U.S. stocks were higher Wednesday, with the Dow Jones Industrial Average up 11 points at 9881, the Standard & Poor's 500 rising 3.4 points to 1045 and the Nasdaq Composite climbing 12 points to 2147. Among the companies whose shares are actively trading in the session are Argon ST Inc. (STST), Abrax
Read moreCoast Guard: Alex Delays 3rd BP Oil Containment Vessel Till July
30th Jun 2010 18:11
HOUSTON (Dow Jones)--The U.S. Coast Guard said Wednesday the arrival of a third vessel, expected to increase this week the amount of oil being contained from a growing spill in the Gulf of Mexico, will be delayed until the first week of July due to bad weather caused by Hurricane Alex. Speaking
Read moreCORRECT: US HOT STOCKS: Argon, Abraxis, General Mills, Ford, BP
30th Jun 2010 18:05
("US HOT STOCKS: Argon, Abraxis, General Mills, Ford, BP," published at 10:17 a.m. ET, misidentified Mela Sciences Inc.'s (MELA) operations in the seventh paragraph. The error also appeared in "BEFORE THE BELL -2: US HOT STOCKS TO WATCH" at 8:34 a.m. ET. The correct version follows:) U.S. stock
Read moreUPDATE:US Senate Panel Votes To Eliminate Spill-Liability Cap
30th Jun 2010 17:56
(Adds information about the possible next step in the third paragraph.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A U.S. Senate panel on Wednesday voted to remove the cap on damage claims that BP PLC (BP, BP.LN) and other companies would have to pay for disasters lik
Read more2nd UPDATE: Hurricanes Have 1-In-8 Chance Of Hitting Gulf Spill
30th Jun 2010 17:26
(Adds location and direction of Hurricane Alex.) By Erik Holm Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Disaster models suggest a 1-in-8 chance of a hurricane hitting the Gulf oil spill this year, with the odds of a direct hit rising with the expectation of a busy storm season, accord
Read more2nd UPDATE:Total UK Lindsey Refinery Fire Under Investigation
30th Jun 2010 16:56
(Adds quotes from union and refinery yield.) By Lananh Nguyen Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Police and the U.K. safety regulator are investigating a fire and explosion at Total SA's (TOT) 200,000-barrel-a-day Lindsey oil refinery in eastern England Tuesday in which one perso
Read moreBP WATCH: BP's Shares Rise As Deal Speculation Increases
30th Jun 2010 16:55
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP) shares rose Wednesday in the U.S. and London as rising speculation of potential deal activity had investors increasingly viewing the oil giant's assets, and possibly the company as a whole, as an acquisitio
Read moreInfluential Lawmaker Suggests Temporary Drilling Ban On BP
30th Jun 2010 16:36
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The former chairman of the U.S. House Natural Resources Committee said the U.S. Interior Department should prohibit BP PLC from operating in the outer continental shelf for the next five to seven years, following what he called
Read moreUPDATE: 1-in-8 Chance Of Hurricane Hitting Gulf Spill--Report
30th Jun 2010 16:10
(Adds outlook for storm season, prediction on spread of spill.) By Erik Holm Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Disaster models suggest a 1-in-8 chance of a hurricane hitting the Gulf oil spill this year, with the odds of a direct hit rising due to concern that the storm season
Read more