BP's Hayward: Key Decision Partly About Focus On Well Integrity
17th Jun 2010 18:36
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--BP PLC (BP, BP.LN) Chief Executive Tony Hayward on Thursday insisted he was "not involved" in key decisions about a mile-deep oil well that exploded two months ago, frustrating U.S. lawmakers hoping to gain more details about
Read moreMARKET TALK: BP Yields Rise As Testimony Continues
17th Jun 2010 18:35
1:35 (Dow Jones) BP's bond yields remain higher on the day, although CDS spreads have widened after news that the oil giant is seeking to raise between $5B-$10B from Wall Street banks. The most active BP bond is the 1.55% note due August 2011. The note was quoted at 5.90PP over Treasurys as of 1:01
Read moreMARKET TALK: BP Yields Rise As Testimony Continues
17th Jun 2010 18:34
1733 GMT [Dow Jones] BP's bond yields remain higher on the day, with wider CDS spreads after CNBC reported the oil giant is seeking to raise between $5 and $10 billion from Wall Street banks. Q&A of BP CEO on Capitol Hill ongoing. The most active BP note, the 1.55% of August 2011 is quoted 590 BP/Ts
Read moreAT A GLANCE: BP CEO Faces US Lawmakers; 'I Deeply Regret' Spill
17th Jun 2010 18:19
THE NEWS U.S. lawmakers blasted BP PLC (BP, BP.LN) Chief Executive Officer Tony Hayward on safety standards, with the CEO saying "I deeply regret" the oil spill in the Gulf of Mexico that threatens four U.S. states. BP, responding to pressure from U.S. authorities, agreed Wednesday to put $
Read moreBP WATCH: BP Shares Slip As Lawmakers Grill CEO At Hearing
17th Jun 2010 18:08
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) U.S. shares slipped slightly Thursday as BP Chief Executive Tony Hayward faced a grilling by U.S. lawmakers on the oil spill and investors voiced concern over the lack of a monetary cap to BP's ultim
Read moreUPDATE: UK Cameron: EU Agreement Is Strongly In UK Interests
17th Jun 2010 18:01
(Adds details, quotes) By Nicholas Winning Of DOW JONES NEWSWIRES BRUSSELS (Dow Jones)--U.K. Prime Minister David Cameron said Thursday that the U.K. wants a strong euro zone, but he had agreed concessions on budgetary surveillance and fiscal sanctions in discussions with European Union
Read moreMARKET TALK: BP Would Do Well To Boost Liquidity - MF's Galante
17th Jun 2010 17:42
1641 GMT [Dow Jones] Word that BP may issue debt or increase its bank credit facility stands to reason for Don Galante, fixed income SVP at MF Global. "It absolutely makes sense while the door's open to get more capital while you can, so you can outlast the problem," Galante said. "What you don't wa
Read more3rd UPDATE:Rep Waxman Blasts BP CEO At Congressional Hearing
17th Jun 2010 17:41
(Updates with comment from Rep. Stupak.) By Siobhan Hughes, Tennille Tracy and Stephen Power Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. lawmakers on Thursday blasted BP PLC's (BP, BP.LN) chief executive at his first appearance before Congress since a deadly oil-rig explosion, wi
Read morePoliticians attack BP's Hayward on Capitol Hill
17th Jun 2010 17:38
US politicians carried out an eight hour-long assault on BP chief Tony Hayward yesterday, accusing the oil man of ignoring the risks his company was taking drilling a mile down in the Gulf of Mexico. There was "not a single e-mail or document that you paid even the slightest attention to the danger
Read moreMARKET TALK: BP Escrow Account Sets Dangerous Precedent--Analyst
17th Jun 2010 17:37
[Dow Jones] BP PLC's (BP, BP.LN) agreement to set up a $20 billion escrow account to compensate victims of the massive oil spill in the Gulf of Mexico may have set a dangerous precedent that could have a significant impact not only on BP, but also on the energy industry and business in general, says
Read moreBP, 7 Firms Discuss Advisement, Credit Backing -Fox Business' Gasparino
17th Jun 2010 17:32
DOW JONES NEWSWIRES Seven financial firms are in talks to become advisers to BP PLC (BP, BP.LN), Fox Business Network's Charles Gasparino reports Thursday. Gasparino had already reported that Goldman Sachs Group Inc. (GS), Blackstone Group LLP (BX) and Credit Suisse (CS) were in negotiations wi
Read more2nd UPDATE: US Rep Waxman Blasts BP CEO At Congressional Hearing
17th Jun 2010 17:23
(Updates with comment from White House, Justice Department) By Siobhan Hughes, Tennille Tracy and Stephen Power Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. lawmakers on Thursday blasted BP PLC's (BP, BP.LN) chief executive officer at his first appearance before Congress since a d
Read moreBP In Talks To Issue Up To $10 Billion In Debt -CNBC's Kelly
17th Jun 2010 17:16
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) is in talks with five Wall Street banks, including Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), to issue a debt offering intended to raise between $5 billion and $10 billion for the spill-tainted oil giant, CNBC's Kate Kelly reports Thursday.
Read moreUK Cameron: EU Agreement Is Strongly In British Interests
17th Jun 2010 17:09
BRUSSELS (Dow Jones)--U.K. Prime Minister David Cameron said Thursday that the U.K. wants a strong euro zone, but he had agreed concessions on budgetary surveillance and fiscal sanctions in discussions with European Union partners. "It is in our national interests that there is a strong and succ
Read moreUPDATE: US Rep Waxman Blasts BP CEO At Congressional Hearing
17th Jun 2010 17:00
(Updates throughout with more quotes, Hayward testimony) By Siobhan Hughes, Tennille Tracy and Stephen Power Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. lawmakers on Thursday blasted BP PLC's (BP, BP.LN) chief executive officer at his first appearance before Congress since a dead
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