MARKET TALK: BP Bond Yields Soar
25th Jun 2010 14:31
1329 GMT [Dow Jones] Bond yields for BP PLC's outstanding debt securites are up significantly in light trading. The most active of BP's six issues is the 3.875% of March 2015, which is now yielding 8.547%, 44 BP wider than Thurs. The spread on the 2015 note is up 513BP in the last 30 days, according
Read moreGazprom CEO: Interested In Buying BP's Stake In Shah Deniz
25th Jun 2010 14:22
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 offered for sale, Gazprom's Chief Executive Alexei Miller said Friday. BP has a 25.5% stake in Shah Deniz,
Read moreMARKET TALK: BP CDS Takes Hit After Analyst Remarks
25th Jun 2010 14:15
1314 GMT [Dow Jones] The cost to insure BP and Anadarko debt against default creeped higher this morning after an analyst said the company should sell more stock. BP CDS widened to 570BP from 555BP at Thursday's close, according to CMA Datavision. The upfront payment to insure Anadarko's CDS rose 0
Read moreLondon afternoon: Stuck in reverse
25th Jun 2010 14:14
BP trimmed its losses over the lunch time session but the Footsie ended the period more or less where it started it, as weak mining stocks continue to weigh on the index. ENRC, Lonmin and Kazkhmys remain the big losers in the mining sector as base metal prices retreat. BP is still under the cosh
Read moreRefinery Status: Exxon Baytown Deasphalting Compressor Shut
25th Jun 2010 13:46
DOW JONES NEWSWIRES The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. ExxonMobil (XOM) Thurs
Read moreRefinery Status -2: Exxon Baytown Deasphalting Unit Compressor Shut
25th Jun 2010 13:46
MIDWEST BP Toledo, OH 155.0 $400 million upgrade 2012 to start 2010. Valero Memphis, TN 195.0 Fire erupted at a selective hydrogenation unit April 29; it was quickly extinguished.
Read moreBEFORE THE BELL -2: US HOT STOCKS TO WATCH
25th Jun 2010 13:40
Among the companies whose shares are expected to actively trade in Friday's session are Oracle Corp. (ORCL), Research In Motion Ltd. (RIMM) and BP Plc (BP, BP.LN). Oracle's fiscal fourth-quarter profit climbed 25% as the business-software giant benefited from new revenue from its Sun Microsyste
Read moreBroker tips: BP, Autonomy, ICAP
25th Jun 2010 13:13
Nomura Securities said the market could be bracing itself for what it calls 'a near term credit event around BP', and that the speculation is 'highly damaging' for the embattled oil company. The perception of near-term credit risk is of concern, and is likely to lead to constraints around counterpa
Read moreBEFORE THE BELL: US Stock Futures Turn Higher On Bank Gains
25th Jun 2010 13:00
By Steve Goldstein U.S. stock futures turned higher Friday, with bank stocks rising as a package of banking reform rules agreed by Congressional negotiators wasn't as onerous as some had feared. Futures on the Dow Jones Industrial Average rose 33 points. Reversing early losses, S&P 500 futu
Read moreSpill Responders Brace For Hurricane Season's First Storm
25th Jun 2010 12:37
(This article was originally published Thursday.) By Susan Daker and Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Responders to the worst offshore oil spill in U.S. history have struggled for two months to kill the flow from the mile-deep Gulf of Mexico well. The challenge w
Read moreSector movers: BP drags oil sector lower again
25th Jun 2010 12:23
With BP on the slide again, the oil and gas sector is today's worst performer. Shares in BP are down more than 5%, resuming their drop following a couple of days' respite. In its latest update, the oil giant said it has spent another $350,000 (£234,000) on the Gulf of Mexico oil disaster since Mon
Read moreBP Shares Get Fresh Hammering On Credit Concerns
25th Jun 2010 12:20
By Steve Goldstein Of MarketWatch LONDON (MarketWatch)--BP shares dropped as much as 9% in London on Friday, as an analyst suggested the company needs to sell stock to assure counter-parties that it has the financial health to withstand the growing cost of cleaning up the Gulf of Mexico oil
Read moreLondon midday: Stormy weather for BP
25th Jun 2010 12:01
Mining stocks and BP have combined to spoil what was a firm start by London's blue-chip stocks, with even the weather now appearing to have it in for the beleaguered UK oil giant. Mining stocks such as ENRC, Lonmin and Kazkhmys suffer chunky falls but these are dwarfed by BP shares, which are havin
Read moreMounting problems send BP to 14-year low
25th Jun 2010 11:45
BP sunk close to 300p a share for the first time in 14 years Friday as clean-up costs continue to spiral and on fears about legal action, storms in the Gulf of Mexico, a possible fundraising and trouble in Alaska. The company said this morning it has spent $350,000 (£234,000) on the Deepwater Horiz
Read moreN AMERICAN MORNING BRIEFING:Stks Seen Down;Finance Deal Nears
25th Jun 2010 11:32
DJIA Futures 10059.50 -53.50 -0.50% S&P 500 Futures 1065.85 -4.65 -0.40% Nasdaq Futures 1838.13 -11.38 -0.60% Above are as of 0600 ET FTSE 100 5054.07 -46.16 -0.90% Xetra DAX 6076.88 -38.60 -0.60% CAC40 3535.75 -19.61 -0.60% Above are a
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