TECH VIEW: BP Boycotts Gather Steam On Facebook
15th Jun 2010 13:07
By Therese Poletti A DOW JONES COLUMN Technology has not yet helped stop the gushing oil well in the Gulf of Mexico. But it has become a venue for vocalizing outrage and for organizing real protests and boycotts against the now-demonized BP PLC (BP, BP.LN). On Facebook, over 600,000 have
Read moreGibbs: Administration May Seize BP Claims Processing -AP
15th Jun 2010 12:55
DOW JONES NEWSWIRES The Obama administration is ready to take over BP PLC's (BP) handling of oil-spill-damage claims if the company doesn't set up an "independent entity" to do it, spokesman Robert Gibbs said Tuesday, The Associated Press reported. Gibbs said BP's claims processing has been uns
Read more2nd UPDATE: BP Shares Rise Despite Fitch Six-Notch Downgrade
15th Jun 2010 12:45
(Adds analyst comment.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC's (BP) shares traded flat Tuesday despite Fitch Ratings downgrading its long-term issuer default rating to BBB from AA, citing significantly higher estimates for the size of the oil spill in the G
Read moreMARKET TALK: BP Well-Placed To Deal With Oil Spill -Citi
15th Jun 2010 12:41
1141 GMT [Dow Jones] BP (BP.LN) remains well-placed, both operationally and financially, to deal with the Macondo spill, says Citigroup. It says the stock price will likely continue to whip-saw on speculation until the company can kill the leak, clean-up the damage and give more certainty around the
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
15th Jun 2010 12:41
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] 1141 GMT [Dow Jones] BP (BP.LN) remains well-placed, both operationally and financially, to deal with the Macondo spill, says
Read moreBP WATCH: BP Shares, Options Reflect Concerns Over Liabilities
15th Jun 2010 12:35
(This article was originally published Monday.) By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of BP Plc (BP) fell Monday in London and the U.S., erasing some gains from late last week, as investors fretted over how additional funding demands from the U.S
Read moreBIG PICTURE: Oil Spill Has Taken Focus Off Financial Overhaul
15th Jun 2010 12:35
(This article was originally published Monday.) By Kathleen Madigan A DOW JONES NEWSWIRES COLUMN NEW YORK (Dow Jones)--BP executives have replaced Wall Street traders as the most vilified businessmen. As a result, the federal legislation to overhaul the financial system, currently w
Read moreBEFORE THE BELL: US Stock Futures Up; Deals Eyed, BP Downgraded
15th Jun 2010 12:17
By Barbara Kollmeyer U.S. stock futures rose Tuesday with attention expected to focus on deals and data as well as a six-notch credit rating downgrade of under-fire oil giant BP. Futures for the Dow Jones Industrial Average rose 46 points to 10187, while those for the S&P 500 rose 5.5 point
Read moreUPDATE: BP Shares Rise Despite Severe Fitch Downgrade
15th Jun 2010 11:59
(Adds detail.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) shares rose slightly Tuesday despite Fitch Ratings downgrading its long-term issuer default rating to BBB from AA Tuesday, citing significantly higher estimates for the size of the oil spill in the Gu
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
15th Jun 2010 11:58
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1058 GMT [Dow Jones] BP (BP.LN) shares dip and then swiftly recover, following a downgrade of its long-term issuer default
Read moreMARKET TALK: BP Shares Recover After Fitch Downgrade
15th Jun 2010 11:58
1058 GMT [Dow Jones] BP (BP.LN) shares dip and then swiftly recover, following a downgrade of its long-term issuer default rating by Fitch Ratings. The news is largely shrugged off by the market and at 1058 GMT, the stock is +1% at 359p. A trader says the Fitch move is no surprise. Notes that the sh
Read moreGulf Moratorium Won't Affect Repsol's 2010 Drilling Plans
15th Jun 2010 11:44
MADRID (Dow Jones)--A six-months drilling moratorium in the Gulf of Mexico won't affect the 2010 drilling plans of Spanish oil firm Repsol YPF SA (REP), a company spokesman said Tuesday. Towards the end of this year, the company plans to drill an appraisal well at its Buckskin light oil discover
Read moreBP Shares Hold Steady Despite Fitch Downgrade
15th Jun 2010 11:34
By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) shares held steady Tuesday despite Fitch Ratings downgrading its long-term issuer default rating to BBB from AA Tuesday, citing significantly higher estimates for the size of the oil spill in the Gulf of Mexico and deman
Read moreMARKET TALK: Sterling Drops After Fitch BP Downgrade
15th Jun 2010 11:25
1025 GMT [Dow Jones] Sterling drops after Fitch downgrades BP (BP) to BBB from AA. GBP/USD drops some 25 ticks to 1.4740, while EUR/GBP hits the day's high of 0.8317. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires Ju
Read morePRESS RELEASE: Fitch Downgrades BP to 'BBB'; Watch Evolving on Higher Near-term Payment Risks
15th Jun 2010 11:23
Fitch Ratings-London/Barcelona-15 June 2010: Fitch Ratings has downgraded BP plc's (BP) Long-term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB' from 'AA', respectively, and downgraded the Short-term IDR to 'F3' from 'F1+'. The Rating Watch on all ratings has been changed to Evolvi
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