Mexico Not Expecting Much Damage Yet From BP Oil Spill
25th Jun 2010 23:25
By Laurence Iliff Of DOW JONES NEWSWIRES MEXICO CITY (Dow Jones)--Mexico is preparing for the arrival of oil floating in from the leaking underwater BP (BP, BP.LN) well in the Gulf, but doesn't expect much damage unless a hurricane changes the direction of the oil slick or a seasonal shift i
Read moreVenezuela Says It's Doing More To Clean Lake Maracaibo Of Oil
25th Jun 2010 22:40
By Dan Molinski Of DOW JONES NEWSWIRES CARACAS (Dow Jones)--Venezuela's government is expanding its efforts to clean up large oil slicks in Lake Maracaibo following sharp criticism that it has ignored the month-old problem. In a press conference earlier this week, Rafael Ramirez, the co
Read moreUPDATE: Anadarko, BP Bonds Tumble On Concern Over Spill Cost
25th Jun 2010 22:39
(Updates bond levels) By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Credit markets on Friday hammered the oil companies most closely tied to the two-month-old spill in the Gulf of Mexico, as BP PLC's (BP, BP.LN) bond yields soared to all-time highs and the cost to insur
Read moreSupreme Court's Ruling Could Reduce BP Shareholder Suits
25th Jun 2010 22:26
By David Benoit Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--A decision Thursday by the U.S. Supreme Court involving foreign investors and companies in shareholder lawsuits could reduce the liability BP PLC (BP, BP.LN) faces from angry shareholders that have seen the oil company's shares plu
Read moreADR Report: Shares Close Mostly Higher But Europe Weighs
25th Jun 2010 21:59
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed mostly up, even as a flurry of economic data this week left the global economic outlook mixed. The Bank of New York index of ADRs rose 0.28% to 118.19. The aluminum sect
Read moreUS HOT STOCKS: Loews Corp Active In Late Trading
25th Jun 2010 21:57
U.S. stocks closed mixed Friday as the Dow Jones Industrial Average fell 9 points to 10144, but the S&P 500 rose 3 points to 1077 and the Nasdaq Composite climbed 6 points to 2223. Among the companies whose shares are actively trading in the after-hours session is Loews Corp. (L). Fitch Ratings
Read moreAnadarko, BP Bonds Tumble On Concerns Over Oil Spill's Cost
25th Jun 2010 21:46
By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Credit markets on Friday hammered the oil companies most closely tied to the two-month-old spill in the Gulf of Mexico, as BP PLC's (BP, BP.LN) bond yields soared to all-time highs and the cost to insure Anadarko Petroleum Corp.
Read moreUPDATE:BP Spill Ops To Evacuate 5 Days Before Storm-Force Winds
25th Jun 2010 20:38
(Updates with more details about storm) By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Oil spill responders need to begin taking apart BP PLC's (BP, BP.LN) oil collection system about five days before the arrival of tropical storm-force winds at the Deepwater Horizon site, th
Read moreUPDATE: BP WATCH: Shares At 14-Year Lows Despite Cash Boost
25th Jun 2010 20:20
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) shares again tumbled to 14-year lows in the U.S. and London Friday, despite the company taking steps to boost its liquidity, as concerns grew that the oil giant might have to consider selling shares
Read moreBP Credit Protection Costs Flip As Investors Fret
25th Jun 2010 19:41
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Prices in the credit default swaps market suggest investors believe BP PLC (BP, BP.LN) faces a greater chance of defaulting within one year than in five. The cost of protecting debt issued by the oil giant for one year was quoted
Read moreBP WATCH: BP's Shares Slide To Fresh 14-Year Lows
25th Jun 2010 19:17
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP) shares tumbled to fresh 14-year lows in the U.S. and London on Friday as concerns grew that the company might have to consider selling shares to bolster confidence in its financial stability. A sale of
Read moreUPDATE: Large Tanker To Aid Clean Up Of US Gulf Oil Spill
25th Jun 2010 18:32
(Adds details.) By Reza Amanat Of Dow Jones Newswires LONDON (Dow Jones)--A Very Large Ore Oiler, or VLOO, has been drafted into help clean up the oil spill in the U.S. Gulf, although it wasn't immediately clear who had chartered the vessel, a shipping source in London said Friday. T
Read moreEcuador Sees Higher Oil Prices As Result Of Gulf Disaster
25th Jun 2010 18:29
QUITO (Dow Jones)--Ecuador's nonrenewable natural resources minister, Wilson Pastor, said Friday that there will be a trend toward higher petroleum prices until the end of the year and probably in the next few years as a result of the massive oil spill in the Gulf of Mexico. "Nations that have p
Read moreOil Spill Cleanup In Gulf Of Mexico Faces Rough Weather
25th Jun 2010 18:18
NEW ORLEANS (AFP)--High seas and rough winds were forecast to batter the Gulf of Mexico on Friday, posing a new threat as oil from the massive BP PLC (BP.LN, BP) spill slopped ashore in Florida, closing down popular beaches at the height of the summer tourist season. The vast slick has already s
Read moreOil Companies Stock Up On Cash Ahead Of An Uncertain Future
25th Jun 2010 18:17
By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Oil giants are ramping up their borrowing, braving higher interest rates in order to lock down funding as a hedge against further turmoil in their industry or in credit markets, traders and analysts said. Facing possible fur
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