BEFORE THE BELL: US Stock Futures
15th Jun 2010 11:16
By Barbara Kollmeyer U.S. stock futures rose Tuesday, with attention expected to focus on deal news and data as Wall Street recovers from Moody's downgrade for Greece. Futures for the Dow Jones Industrial Average rose 54 points to 10195, while those for the S&P 500 rose 6.8 points to 1093.
Read moreBEFORE THE BELL: US Stock Futures Rise With Deals, Data In View
15th Jun 2010 11:16
By Barbara Kollmeyer U.S. stock futures rose Tuesday, with attention expected to focus on deal news and data as Wall Street recovers from Moody's downgrade for Greece. Futures for the Dow Jones Industrial Average rose 54 points to 10195, while those for the S&P 500 rose 6.8 points to 1093.
Read moreObama, Oil Chiefs On Hot Seat On Key Day Of Spill Drama
15th Jun 2010 08:45
PENSACOLA, Fla. (AFP)--U.S. President Barack Obama will make his debut Oval Office address to the American people on Tuesday, as he seeks to wrest political control over the Gulf of Mexico oil catastrophe. Corporate oil chiefs, including the head of the U.S. division of BP PLC (BP), which has be
Read moreTuesday newspaper round-up: BSkyB, Resolution, BP
15th Jun 2010 06:32
Rupert Murdoch's News Corporation has made a bold approach to take full control of BSkyB, the satellite broadcaster in which it owns a 39% stake. The takeover approach, made last week, valued Sky at around £12bn. It was rebuffed by the Sky board for "deeply undervaluing" the company. One insider sa
Read moreLouisiana Governor Says Losing 'War' Vs BP Oil Spill
15th Jun 2010 02:18
NEW ORLEANS (AFP)--Louisiana Gov. Bobby Jindal said Monday the U.S. is losing the "war" against a gushing oil spill in the Gulf of Mexico. Jindal said he told President Barack Obama after meeting him during the president's latest Gulf visit that a lack of oil skimming vessels and an abundance of
Read moreUS Taps Into Foreign Assistance For Gulf Oil Spill
15th Jun 2010 01:58
WASHINGTON (AFP)--With workers locked in a race against time to stem the massive Gulf of Mexico oil spill, the U.S. government said Monday it has received aid offers from 17 countries and four international bodies so far. The U.S. State Department said it is now playing an active role in the oil
Read more2nd UPDATE: PIMCO's Gross: Making A Move Into Equities
15th Jun 2010 00:23
By Enda Curran Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Pacific Investment Management Co., one of the world's biggest bond managers, is beginning to invest in equities, Bill Gross, founder and co-chief investment officer told CNBC television Wednesday. Famous for its prowess in fixed
Read moreBP Oil Collection Rate Drops Tue Morning After Lightning Fire
15th Jun 2010 00:22
DOW JONES NEWSWIRES BP PLC's (BP, BP.LN) rate of oil collection sharply decreased Tuesday morning, as a lightning strike and a faulty sensor hampered the company's oil-containment efforts. The company said it collected 5,610 barrels of oil in the first 12 hours of Tuesday in the U.S. Gulf o
Read moreWhite House Appoints Five Members To Oil Spill Commission
14th Jun 2010 23:47
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--President Barack Obama on Monday appointed five members to a commission that will investigate the Deepwater Horizon oil spill and recommend ways to prevent future spills. The new members are a mix of academics and one envi
Read moreDemand Pushes Up Prices For Anadarko And TransOcean Bonds
14th Jun 2010 23:35
By Christopher Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Bond buyers on Monday saw bargains in debt issued by Anadarko Petroleum Corp. (APC) and TransOcean Ltd. (RIG), two companies bound to the fate of the creeping spill in the Gulf of Mexico and to BP PLC (BP, BP.LN). Trad
Read moreOil Spill May End Up Lifting US GDP Slightly - J.P. Morgan
14th Jun 2010 22:51
By Luca Di Leo Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The continuing oil spill in the Gulf of Mexico could end up adding a bit of growth to the U.S. economy as the huge cleanup efforts in some ways outweigh negative factors, analysts at J.P. Morgan Chase said Monday. Underlining
Read moreUS Government Steps Up Gulf Seafood Safety Measures
14th Jun 2010 22:35
DOW JONES NEWSWIRES The U.S. government is adding measures to protect consumers from eating any seafood tainted by the Gulf of Mexico's oil spill, such as moving inspections onto docks, targeting additional sampling of vulnerable products and creating a protocol to reopen fishing areas. The
Read more3rd UPDATE: Senate Democrats To BP: Set Aside $20B For Spill
14th Jun 2010 22:31
(Adds Obama comments; analysis from accounting professor, more background in the second and third through seventh paragraphs.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Senate Majority Leader Harry Reid (D., Nev.) and members of the Democratic caucus on Monday
Read moreUS HOT STOCKS: Korn/Ferry, AtriCure Active In Late Trading
14th Jun 2010 22:08
U.S. stocks ended mixed Monday as the Dow Jones Industrial Average slid 20 points to 10191 and the Standard & Poor's 500 fell 2 points to 1090, but the Nasdaq Composite rose a fraction to 2244. Among the companies whose shares are actively trading in the session are Korn/Ferry International (KFY), A
Read moreADR Report: ADRs Close Mixed With BP Down While Siemens Gains
14th Jun 2010 21:49
By David Benoit Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York ended the day mixed, with slight gains in the European and Asian indexes offset partially by losses in Latin America and emerging markets. The Bank of New York index of ADRs gained 0.
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