US HOT STOCKS: Oracle, Research In Motion, BP, JP Morgan
25th Jun 2010 18:14
U.S. stocks were up slightly Friday as the Dow Jones Industrial Average rose 6 points to 10159, the S&P 500 rose 4 points to 1078 and the Nasdaq Composite climbed 12 points to 2230. Among the companies whose shares are actively trading in Friday's session are Oracle Corp. (ORCL), Research In Motion
Read moreBP Spill Opps Evacuation To Occur 5 Days Ahead Of Storm Force Winds
25th Jun 2010 17:57
HOUSTON (Dow Jones)--Spill responders plan to begin taking apart BP PLC's (BP, BP.LN) oil collection system about five days ahead of tropical storm force winds reaching the area of the Macondo well, the U.S. Coast Guard said Friday. Any storm would "realistically," disrupt the effort to contain
Read moreBiden To Visit Gulf Coast On Tuesday -White House
25th Jun 2010 17:52
DOW JONES NEWSWIRES Vice President Joe Biden will travel to the Gulf Coast region on Tuesday to assess efforts to counter the BP oil spill, the White House Press Office said Friday. Biden will visit the National Incident Command Center in New Orleans, and will also visit the Florida panhand
Read moreUPDATE: BP May Sell Stake In Argentina's Pan American Energy -Source
25th Jun 2010 17:43
(Updates to add more details, background.) By Taos Turner Of DOW JONES NEWSWIRES BUENOS AIRES (Dow Jones)--BP PLC (BP, BP.LN) is actively considering the sale of its stake in Pan American Energy LLC, Argentina's fastest growing oil and gas company, a person familiar the situation said Fr
Read moreColombia's President-Elect Santos To Encourage Oil Investment
25th Jun 2010 17:28
DOW JONES NEWSWIRES CARTAGENA, Colombia (Dow Jones)--Colombian President-elect Juan Manuel Santos Friday said his government will encourage investment in the oil industry and will be stricter in environment rules to oil companies. "We will update the regulatory framework to encourage invest
Read moreMARKET TALK: Market Prices In BP's Short-Term Default Risk
25th Jun 2010 17:08
1557 GMT [Dow Jones] The credit default swaps market is pricing in a greater risk of BP defaulting in one year than over five years. BP CDS now 725 BP, according to Markit, up from 630 BP at the start of the week. Meanwhile, the cost to insure debt over five years is around 575 BP up from 536 BP. No
Read moreForecaster: Storm Likely To Cause Threat To BP Oil Collection Efforts
25th Jun 2010 16:44
HOUSTON (Dow Jones)--A cluster of thunderstorms in the south Caribbean will likely become the first named tropical storm of the Atlantic basin hurricane season and could pose a danger to BP PLC's (BP, BP.LN) efforts to collect oil spewing from the Macondo well in the U.S. Gulf of Mexico, a forecaste
Read moreLondon close: Resource stocks drag Footsie lower
25th Jun 2010 16:42
Weakness in the resources sector ensured that Footsie finished firmly in the red. ENRC, Lonmin and Kazkhmys were big losers in the mining sector as base metal prices retreat. BP resumed its slide following a couple days' respite. Nomura Securities has suggested that the oil giant may have to ra
Read moreHit To BP's Market Cap Gushes Past $100 Billion
25th Jun 2010 16:25
(Adds more analyst comments.) By Steve Goldstein Of MarketWatch LONDON (MarketWatch)--BP PLC (BP.LN) shares dropped as much as 9% in London on Friday, putting the drop the oil major's market capitalization at more than $100 billion since the Gulf of Mexico oil spill began, as an analyst
Read moreBP May Sell Stake In Argentina's Pan American Energy -Source
25th Jun 2010 16:23
BUENOS AIRES (Dow Jones)--BP PLC (BP, BP.LN) is actively considering the sale of its stake in Pan American Energy LLC, Argentina's fastest growing oil and gas company, a person familiar the situation said Friday. BP said in March that it would sell assets totaling between $2 billion and $3 billi
Read moreUPDATE: Gazprom CEO: Interested In BP's Stake In Shah Deniz
25th Jun 2010 16:14
(Adds more comment from CEO) By Jacob Gronholt-Pedersen and Alexander Kolyandr Of DOW JONES NEWSWIRES MOSCOW (Dow Jones)--Russian natural-gas monopoly OAO Gazprom (GAZP.RS) is interested in buying U.K. energy giant BP PLC's (BP) stake in Shah Deniz field in the Caspian Sea, if the stake is
Read moreLarge Tanker Drafted Into Help Clean Up US Gulf Oil Spill
25th Jun 2010 15:44
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, a shipping source in London said Friday. The ship, 'A Whale,' which has a deadweight of 319,000 metric tons and is 330 meters lon
Read moreBP: Approximately 23,725 Barrels Of Oil Captured On June 24
25th Jun 2010 15:44
HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) captured a total of 23,725 barrels of crude oil from the broken Macondo well in the Gulf of Mexico on Thursday, about a 30% increase over the previous day, the company said in a statement Friday. The increase in the collection rate can be attributed to the
Read moreBP: N Sea Forties Crude To Become Heavier, Less Sweet In Aug
25th Jun 2010 15:27
LONDON (Dow Jones)--The North Sea Forties crude will become heavier and less sweet in early August, according to the latest data posted on the Web site of BP PLC, the operator of Forties Pipeline System. The sulfur content of Forties crude is expected to rise to 0.9%-1% in early August, and will
Read moreFTSE 100 movers: Miners continue decline
25th Jun 2010 14:40
Mining companies are continuing their decline today. They are dominating the fallers for a second day as base metals prices fall and there are concerns about the international recovery. ENRC and Kazakhmys remain the worst performers. BP is another regular in the poor performers. Nomura Securitie
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