UPDATE: BP Outlines Latest Plans To Capture More Oil From Spill
14th Jun 2010 18:34
(Adds comments from Coast Guard admiral, latest share price, information on congressional investigation) By Susan Daker and James Herron Of DOW JONES NEWSWIRES BP PLC (BP, BP.LN), under pressure from U.S. authorities to devise a more-comprehensive strategy to contain the oil spill in t
Read more4th UPDATE:BP Shares Close -9.3% As Market Awaits Dividend News
14th Jun 2010 18:19
(Adds analyst comment, updates throughout.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC's (BP) London-listed shares closed more than 9% lower Monday as U.S. politicians continued to pressure the company to set aside billions of dollars for clean-up and compensation re
Read moreUS HOT STOCKS: Lincoln National, Marsh & McLennan, Helix
14th Jun 2010 18:19
U.S. stocks traded higher Monday as the Dow Jones Industrial Average gained 70 points to 10281, the Standard & Poor's 500 climbed 9 points to 1100 and the Nasdaq Composite rose 25 points to 2269. Among the companies whose shares are actively trading in the session are Lincoln National Corp. (LNC), M
Read moreHouse Panel Probe Raises 'Serious Questions' About BP Decisions
14th Jun 2010 18:12
By Siobhan Hughes and Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A U.S. House panel said that its probe of BP PLC (BP, BP.LN) is "raising serious questions" about the company's decisions in the days and hours before a catastrophic drilling-rig explosion. The Monday le
Read moreAT A GLANCE: BP Plans To Capture All Oil; US Calls For Independent Fund
14th Jun 2010 18:12
THE NEWS: BP PLC (BP, BP.LN), under pressure from U.S. authorities, outlined a plan to capture all the oil its damaged well is spewing into the Gulf of Mexico by the end of June. BP said the cost of its response to the oil spill so far is $1.6 billion but said it was too early to quantify t
Read moreHEARD ON THE STREET: Don't Be Negligent About Anadarko
14th Jun 2010 17:59
By Liam Denning A DOW JONES COLUMN Feeling brave? Then you might be thinking of buying BP PLC's (BP, BP.LN) battered stock. But don't forget Anadarko Petroleum Corp. (APC). Anadarko owns a 25% stake in the Macondo discovery, site of the Deepwater Horizon explosion and subsequent oil leak
Read moreTALK BACK: President Obama In Water Over His Head
14th Jun 2010 17:33
These are the personal views of Peter Morici, a professor at the University of Maryland's Robert H. Smith School of Business and former chief economist at the U.S. International Trade Commission: With oil still flowing nearly two months after the Deepwater Horizon explosion in the Gulf of Mexic
Read more3rd UPDATE:BP Shares Close -9.3% As Market Awaits Dividend News
14th Jun 2010 17:21
(Updates share price, adds letter from Democratic caucus.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC's (BP) London-listed shares closed more than 9% lower Monday as U.S. politicians continued to pressure the company to set aside billions of dollars for clean-up and
Read moreObama In Mississippi To Visit Oil-hit Gulf
14th Jun 2010 17:19
GULFPORT (AFP) -- President Barack Obama arrived Monday in the Gulf of Mexico region at the start of a two-day visit to the oil-hit southern states. Air Force One landed in Gulfport, Mississippi, just after 1515 GMT, the first stop on the trip which will also take Obama to Alabama and Florida.
Read moreBP Outlines Latest Strategy To Capture More Oil From Spill
14th Jun 2010 17:02
By Susan Daker and James Herron Of DOW JONES NEWSWIRES BP PLC (BP), under pressure from U.S. authorities to devise a more-comprehensive strategy to contain the oil spill in the Gulf of Mexico, has outlined plans the company says will enable it to capture, by the end of June, all of the oil
Read moreLondon close: Mining stocks boost Footsie
14th Jun 2010 16:49
Footsie finished with good gains as mining stocks enjoyed a boost from higher metals prices. Mining companies Kazakhmys, Vedanta and BHP Billiton went well but it was silver and gold miner Fresnillo that led the way on rumours that the company is under the bid microscope. BP's slide continues. Th
Read moreBP slide continues as oil spill costs top £1bn
14th Jun 2010 16:10
Shares in BP fell sharply again as it revealed that the oil disaster in the Gulf of Mexico has now cost it £1.1bn and US government pressure continued to be heaped on the oil giant. Over 51,000 claims have been submitted since the MC252 oil well blew up in the Gulf of Mexico in April, and more than
Read more2nd UPDATE: BP Shares -10% As Market Awaits Dividend Decision
14th Jun 2010 16:08
(Adds share price move.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) shares fell more than 10% Monday afternoon as U.S. politicians continued to pressure the company to set aside funds for clean-up and compensation related to the Gulf of Mexico oil spill. Des
Read more2nd UPDATE: Senate Democrats To BP: Set Aside $20B For Spill
14th Jun 2010 16:06
(Adds BP comment, in the third paragraph.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Senate Majority Leader Harry Reid (D, Nev.) and members of the Democratic caucus on Monday asked BP PLC (BP, BP.LN) to set aside $20 billion in a special account to be used to pay
Read moreUPDATE: Sen. Reid, Democrats Ask BP To Set Aside $20 Billion For Spill
14th Jun 2010 15:57
(Updates with further comment from Sen. Menendez) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones) -- Senate Majority Leader Harry Reid (D, Nev.) and members of the Democratic caucus on Monday asked BP Plc (BP) to set aside $20 billion in a special account to be used to pa
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