Europe Shrugs Off BofA Ban On Long-term Trade with BP
16th Jun 2010 13:34
By Paddy Gourlay Of DOW JONES NEWSWIRES LONDON (Dow Jones)--European traders reported business-as-usual dealings with BP PLC (BP,BP.LN) Wednesday morning, despite reports that Bank of America Corp. (BAC) has told its traders not to enter into long-dated trades with the troubled oil major.
Read moreCORRECT (6/15): AT A GLANCE: Oil ExecutivesTestify
16th Jun 2010 13:24
("AT A GLANCE: Oil Execs Testify; US Govt Raises Estimate Of Oil Flowing Into Gulf" published at 5:48 p.m. ET Tuesday misstated the Republican who called on BP America Chairman Lamar McKay to resign. A corrected version follows.) THE NEWS: Executives from BP PLC (BP, BP.LN) and other major
Read morePRESS RELEASE: Oil Spill in Gulf of Mexico Spilling Over the Oil & Gas Industry
16th Jun 2010 13:13
Oil Spill in Gulf of Mexico Spilling Over the Oil & Gas Industry JOHANNESBURG, SOUTH AFRICA -- (MARKETWIRE) -- 06/16/10 -- www.rothmanresearch.com -- It happened on 20 April 2010 about 50 miles off the coast of Louisiana, the largest offshore spill in U.S. history. Close to two months after
Read moreObama Vows To Make BP Accountable For Oil Spill Damage
16th Jun 2010 12:49
WASHINGTON (AFP) -- President Barack Obama was to meet with senior BP Plc (BP) officials for the first time on Wednesday, a day after vowing to make the firm pay for the "recklessness" that led to the Gulf of Mexico oil spill. Obama has summoned BP chairman Carl-Henric Svanberg to the White Hous
Read moreWhite House's Gibbs: BP's Disaster Reponse Plan Was 'Very Insufficient'
16th Jun 2010 12:37
(This article was originally published Tuesday.) By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--White House Press Secretary Robert Gibbs on Tuesday said it is clear BP Plc's (BP, BP.LN) disaster plan was insufficient to respond to the oil catastrophe that is spewing m
Read moreMONEY TALKS: Reforming Both Big Banks And Big Oil Companies
16th Jun 2010 12:36
(This article was originally published Tuesday.) By Michael Casey A DOW JONES NEWSWIRES COLUMN NEW YORK (Dow Jones)--There's an unnerving familiarity to the U.S. government's handling of the Gulf oil spill, with its ad hoc demands on BP PLC's (BP) cash flow and its chaotic and poorly pl
Read moreFederal Officials Don't Yet Know Health Impact Of Oil Spill
16th Jun 2010 12:36
(This article was originally published Tuesday.) By Shayndi Raice Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Federal health officials Tuesday said they don't yet know the extent of the health impact the Gulf of Mexico oil spill will have on workers who have come into contact with oi
Read moreWWF: Arctic States Should Suspend Oil Drilling - Report
16th Jun 2010 12:35
LONDON (Dow Jones)--Arctic states should suspend oil drilling in the region until the risk of accidents can be eliminated, RIA Novosti quotes the World Wildlife Fund as saying Wednesday. "It is time for the Arctic states to recognize that offshore oil drilling with the current technology and res
Read moreLondon midday: RBS leads sedate advance
16th Jun 2010 12:18
Leading equities sleepwalked their way through the morning session, with little in the way of corporate news to perk interest. Economic news has been mixed today with the number of people claiming unemployment benefit falling more than expected in May, but the wider unemployment rate continuing to
Read moreUPDATE: Boskalis To Build Sand Berms To Protect Louisiana Coast
16th Jun 2010 10:53
(Adds detail, CEO comment.) By Maarten van Tartwijk Of DOW JONES NEWSWIRES AMSTERDAM (Dow Jones)--Dutch dredging company Royal Boskalis Westminster NV (BOKA.AE) said Wednesday it will help to build sand berms to protect the Louisiana coast from the oil spill in the Gulf of Mexico. Bo
Read moreMARKET TALK: Collins Stewart Cuts BP Price Target
16th Jun 2010 10:04
0904 GMT [Dow Jones] Collins Stewart cuts BP (BP.LN) price target to 450p from 575p. The brokerage notes it has increased the notional net present value of losses related to the Deepwater Horizon disaster to $40Bln in its sum-of-the-parts valuation for BP. Adds that while the shares offer good funda
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
16th Jun 2010 10:04
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0904 GMT [Dow Jones] Collins Stewart cuts BP (BP.LN) price target to 450p from 575p. The brokerage notes it has increased
Read moreCost Of Insuring BP Debt Moves Significantly Wider - CMA
16th Jun 2010 10:02
LONDON (Dow Jones)--The cost of insuring debt issued by BP PLC (BP.LN) climbed significantly higher Wednesday, after U.S. President Barack Obama made a critical speech on BP Tuesday, and ahead of his meeting with the company's chairman later today. In the speech, Obama said the company "must set
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 09:56
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0856 GMT [Dow Jones] BP (BP.LN) shares -0.8% at 339p. President Obama Tuesday accused the company of recklessness in an addre
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
16th Jun 2010 09:56
0653 GMT [Dow Jones] Shore Capital cuts its pretax profit forecast on Home Retail (HOME.LN) by 8% to GBP292 million and assumes a weaker sales environment for its two businesses, Argos and Homebase. "Argos has had a difficult start to the year, impacted by weakness in two significant product categor
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