MUNI WATCH: How To Pick Up 130 BPs Off Gulf Oil Spill
21st Jun 2010 21:52
By Stan Rosenberg Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico has been a disaster for the region's environment and the rig's operator, BP PLC (BP, BP.LN). But J.P. Morgan municipal bond analysts note that it is
Read moreUS HOT STOCKS: Steelcase, Sonic Active In Late Trading
21st Jun 2010 21:49
U.S. stocks closed lower Monday. The Dow Jones Industrial Average fell 8.23 points to 10442.41, the Standard & Poor's 500 dropped 4.31 points to 1113.20 and the Nasdaq Composite fell 20.71 points to 2289.09. Among the companies whose shares are actively trading in the after-hours session are Steelca
Read moreUPDATE:Bromwich Sworn In As Head Of Renamed Drilling Agency
21st Jun 2010 21:27
(Updates with more details) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Interior Secretary Ken Salazar on Monday renamed the agency that oversees offshore drilling and swore in a new official to manage the unit as it undergoes a reorganization. The Interior chief
Read moreUS Judge To Rule On Temporary Drilling Moratorium By Wednesday
21st Jun 2010 20:55
By Angel Gonzalez Of DOW JONES NEWSWIRES A New Orleans federal judge plans to decide by Wednesday whether the Obama administration's temporary ban on deepwater offshore drilling can continue, a court official said Monday. At a hearing Monday in the U.S. District Court for the Eastern Di
Read moreBromwich Sworn In As Head Of Renamed US Offshore Drilling Agency
21st Jun 2010 20:22
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Interior Secretary Ken Salazar on Monday renamed the agency that oversees offshore drilling and swore in a new official to manage the unit as it undergoes a reorganization. The Interior chief renamed the Minerals Management
Read moreHEARD ON THE STREET: BP's Double Exposure
21st Jun 2010 20:13
By Liam Denning A DOW JONES COLUMN After his roasting in the U.S., Tony Hayward might almost regard a mooted trip to Russia as a welcome break. But the BP chief executive's itinerary should remind investors focused on the Gulf of Mexico that it's a big bad world out there. Oil majors rep
Read moreBP WATCH: BP's Shares Fall As Anadarko's Warning Weighs
21st Jun 2010 19:54
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP) shares fell in the U.S. and London Monday after Anadarko Petroleum Corp. (APC) said it plans to refuse to pay its share of the clean-up costs for the Gulf of Mexico oil spill, while the costs for the spill
Read moreUS Senator Begich Introduces Oil-Spill Escrow Bill
21st Jun 2010 19:45
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Sen. Mark Begich (D., Alaska) on Monday introduced legislation that would require oil companies to set aside funding in an escrow account to meet claims stemming from catastrophic oil spills like the one polluting the Gulf of
Read moreUS Grain Shippers Begin To Stand Down From Oil Spill Threat
21st Jun 2010 19:32
By Gary Wulf Of DOW JONES NEWSWIRES A crisis mentality that has gripped the Gulf shipping industry since BP PLC's (BP, BP.LN) leased Deepwater Horizon drilling platform exploded and sank into the Gulf of Mexico in April has finally begun to wane, as the flow of crude from the ruined rig begi
Read moreBP Looking To Collateralize Assets -Fox Business's Gasparino
21st Jun 2010 19:27
DOW JONES NEWSWIRES Charlie Gasparino of Fox Business Network reports that BP PLC's (BP) main thrust of raising money is going to banks and securing lines of credit to pay off some of its liabilities from the Gulf of Mexico oil spill. Gasparino said BP wanted to do a corporate bonding, but
Read moreFeinberg: Gulf Claims Process Is Taking Too Long -Fox Business
21st Jun 2010 19:03
DOW JONES NEWSWIRES Kenneth Feinberg, who is in charge of the $20 billion account set up by BP PLC (BP, BP.LN) to pay claims related to the Gulf of Mexico oil leak, told Fox Business Network on Monday that it's taking too long to process claims. An emergency claim should be paid one or two days
Read moreUS Coast Guard: Lower Capture Rates Over Past 2 Days Due To Bad Weather
21st Jun 2010 18:43
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (DOW JONES)--BP PLC (BP, BP.LN) oil capture rates have slowed in the past two days due to a technical snag and inclement weather near the broken Macondo well, a foreboding sign as the U.S. Gulf of Mexico moves into peak hurricane season. The
Read moreUPDATE:Anadarko Debt-Insurance Cost Rises On Downgrade,BP Fight
21st Jun 2010 18:37
(Updates CDS figures, adds comment from analyst who says Anadarko is positioning itself for a fight over liability.) By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The cost of protecting Anadarko Petroleum Corp. (APC) debt from nonpayment rose Monday after the company accus
Read moreUS HOT STOCKS: Alcoa, Ralcorp, California Pizza
21st Jun 2010 18:27
U.S. stocks traded higher Monday, as the Dow Jones Industrial Average climbed 66 points to 10517, the Standard & Poor's 500 rose 5 points to 1123 and the Nasdaq Composite moved up 5 points to 2315. Among the companies whose shares are actively trading in the session are Alcoa Inc. (AA) Ralcorp Holdi
Read moreDrilling Panel Co-Chairman Says 'Unlikely' To Lift Ban Early-NYT
21st Jun 2010 18:12
DOW JONES NEWSWIRES William K. Reilly, the co-chairman of the bipartisan commission that is studying the Deepwater Horizon oil spill and future offshore drilling, said it was unlikely the panel would recommend lifting the six-month moratorium on deepwater drilling before the commission's report
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