Friday newspaper round-up: US banks, Rolls-Royce, BP
25th Jun 2010 06:44
US banks and hedge funds will be hit with a $19bn fee to pay costs associated with financial reform, Barney Frank, chairman of the US House financial services committee, said late on Thursday, the FT reports. The proposed levy emerged as an unwelcome surprise for the industry deep into a late-eveni
Read moreBP Oil-Retrieval Rate Holds Steady After Rebound From Cap Crash
25th Jun 2010 00:58
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) reported its oil-recovery rate in the first 12 hours of Friday was basically flat with the previous half day. The company said it retrieved 12,100 barrels of crude flowing from a broken deep-water well in the Gulf of Mexico Friday morning, 7,870 of whi
Read more2nd UPDATE:BP Spill Ops To Evacuate 5 Days Before Storm-Force Winds
25th Jun 2010 00:07
(Updates with details about tropical depression) 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
Read moreSpill Responders Brace For Hurricane Season's First Storm
24th Jun 2010 22:55
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 will soon be compounded by the arrival of powerful stor
Read moreAT A GLANCE: Drilling Ban During Appeal Rejected; BP Shares Drop
24th Jun 2010 22:32
THE NEWS: The U.S. judge who overturned a six-month offshore drilling ban Thursday denied an Obama administration motion to let the moratorium remain in place during the appeals process. Meanwhile, BP PLC's (BP, BP.LN) shares hit a 14-year low in U.S. trading. THE DETAILS: U.S. Di
Read moreLouisiana Treasurer:BP Partners Should Contribute To Spill Escrow
24th Jun 2010 22:02
Louisiana state treasurer John Neely Kennedy on Thursday called for Anadarko Petroleum Corp. (APC) and Mitsui Oil Exploration to contribute the Gulf spill escrow fund, a $20 billion account BP Plc (BP, BP.LN) agreed to set up last week. The fund will cover costs and damages stemming from the wo
Read moreADR REPORT: Shares Fall As Miners, European Banks Weigh
24th Jun 2010 21:52
By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York dropped Thursday as worries about European debt problems and uncertainty about a regime change in Australia weighed on shares. The Bank of New York index of ADRs declined 1.8% to 117.
Read moreBP WATCH: BP's US Shares Sink To 14-Year Low
24th Jun 2010 20:43
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) shares fell in the U.S. and London Thursday, with its U.S. shares hitting a fresh 14-year low as investors continued to fret over the uncertainty surrounding the oil giant's liability and containment
Read moreFlorida Closes Pensacola Beaches Due To Oil
24th Jun 2010 20:06
MIAMI (AFP)--Oil from the massive Gulf of Mexico spill reached the white sands of Pensacola in northwestern Florida, forcing local authorities Thursday to close down area beaches to swimming at the height of summer. "There's oil both in the water and in the sand," said Warren Bielenberg, an offi
Read moreUPDATE: Judge Denies US's Motion To Keep Drilling Ban During Appeal
24th Jun 2010 18:53
(Updates to add more details, analyst and legal expert comments) By Naureen Malik and Brent Kendall Of DOW JONES NEWSWIRES The U.S. federal judge who earlier this week overturned a six-month ban on deepwater drilling activity denied a motion Thursday filed by the Obama administration to
Read moreAT A GLANCE: Judge Rejects Drilling Ban During Appeal; BP Cap Back In Place
24th Jun 2010 18:41
THE NEWS: The U.S. federal judge who overturned a six-month offshore drilling bank denied Thursday an Obama administration motion to let the moratorium remain in place during the appeals process. Meanwhile, BP PLC (BP, BP.LN) resumed collection efforts after Wednesday's technological setba
Read moreJudge Denies U.S.'s Motion To Keep Drilling Ban During Appeal
24th Jun 2010 18:03
By Naureen Malik and Brent Kendall Of DOW JONES NEWSWIRES The U.S. federal judge who earlier this week overturned a six-month ban on deepwater drilling activity denied on Thursday a motion filed by the Obama administration to allow the ban to stay in place during the appeal process. U.S.
Read moreBP WATCH: BP's Shares Fall As Worries Over Uncertainty Weigh
24th Jun 2010 17:53
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) shares fell in the U.S. and London Thursday as investors continued to fret over the uncertainty surrounding the oil giant's liability for the Gulf of Mexico oil spill and its containment efforts.
Read moreBP Mulls Selling String Of Assets In Latin America - Sky News
24th Jun 2010 17:25
LONDON (Dow Jones)--BP PLC (BP) is actively considering offloading a string of assets in Latin America, including stakes in joint ventures in Venezuela and Colombia, Sky TV reports Thursday. The largest asset under consideration is a $9 billion stake in Argentina-based Pan American Energy, which
Read moreCORRECT: UPDATE:BP:Total Oil Recovered On Wednesday About 16,830 Barrels
24th Jun 2010 17:15
("UPDATE:BP:Total Oil Recovered On Wednesday About 16,830 Barrels," published at 11:54 a.m. EDT and an earlier version published at 11:18 a.m. EDT included an incorrect name for one of the rigs taking on the leaking oil in the second paragraph. The correct version follows.) By Brian Baskin Of D
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