UPDATE: Obama Tells Cameron BP Criticism Not Anti-British
12th Jun 2010 18:26
(Updates with details, comments.) LONDON (AFP) -- U.S. President Barack Obama told British Prime Minister David Cameron Saturday that the president's sharp criticism of BP (BP, BP.LN) has "nothing to do with national identity," Downing Street said. Obama also stressed that he had "no intere
Read moreObama Tells Cameron BP Criticism Not Aimed At Britain
12th Jun 2010 18:07
LONDON (AFP) -- U.S. President Barack Obama told British Prime Minister David Cameron Saturday that the president's sharp criticism of BP (BP, BP.LN) has "nothing to do with national identity," Downing Street said. Obama also stressed that he had "no interest" in undermining the British oil gian
Read moreUPDATE: US Gives BP 48 Hours To Devise More Aggressive Oil Containment Plan
12th Jun 2010 17:39
(Adds that BP officials weren't immediately available for comment.) By Andrew Morse Of DOW JONES NEWSWIRES The U.S. has given BP PLC (BP) two days to devise a more aggressive plan for containing oil leaking from its damaged deepwater well into the Gulf of Mexico, according to a letter se
Read moreUS Gives BP 48 Hours To Devise More Aggressive Oil Containment Plan
12th Jun 2010 17:02
By Andrew Morse Of DOW JONES NEWSWIRES The U.S. has given BP PLC (BP) two days to devise a more aggressive plan for containing oil leaking from its damaged deepwater well into the Gulf of Mexico, according to a letter sent to the oil giant and released publicly on Saturday. In the letter
Read moreBP CEO Hayward Welcomes Support As US Pressures Company -TV
12th Jun 2010 08:07
LONDON (AFP)--BP PLC (BP, BP.LN) Chief Executive Tony Hayward said he welcomed political and business community support for the British oil giant, as it comes under fire from the White House, Sky News television said Saturday. He also said he remained confident that the company had the financial
Read moreUPDATE: Transocean Agrees With DOJ On Scope Of Liability Act
12th Jun 2010 02:06
(Updates with additional details and background.) By Mark Long Of DOW JONES NEWSWIRES Transocean Ltd. (RIG) said it agrees with the U.S. government that an effort to limit its liability in the Gulf of Mexico oil spill shields it against practically none of the many lawsuits filed against
Read moreBP Executives To Face Capitol Hill, White House Next Week
11th Jun 2010 23:08
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--BP Plc (BP, BP.LN) executives will be hauled up to the U.S. Congress and the White House next week to face officials angry over the continued gush of oil and natural gas from a broken well a mile below the Gulf of Mexico. B
Read morePRESS RELEASE: Deepwater Horizon Response Team: Cocodrie Vessel Incident
11th Jun 2010 22:44
Cocodrie Vessel Incident Key contact numbers * Report oiled shoreline or request volunteer information: (866) 448-5816 * Submit alternative response technology, services or products: (281) 366-5511 * Submit your vessel for the Vessel of Opportunity Program: (281) 366-5511 * Submi
Read moreAT A GLANCE: BP Weighs Suspending Dividend; Shares Rise For 2nd Day
11th Jun 2010 22:22
THE NEWS: BP PLC (BP, BP.LN) is preparing to defer its expected GBP1.7 billion second-quarter dividend, which would be announced in July, The Times of London reported Friday on its website. The Times says BP would put the money in escrow until its liabilities from the spill are known. The Times
Read moreUS HOT STOCKS: Questcor Pharma Active In Late Trading
11th Jun 2010 21:56
U.S. stocks ended higher Friday as the Dow Jones Industrial Average gained 39 points to 10211, the Standard & Poor's 500 increased 4.8 points to 1092 and the Nasdaq Composite rose 25 points to 2244. Among the companies whose shares are actively trading in the after-hours session is Questcor Pharmace
Read moreADR Report: Shares Close Higher With Spanish Stocks Strong
11th Jun 2010 21:38
By David Benoit Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York rose on Friday as investors' fears were tamed and as a Spanish banking giant proved bullish enough to pace the European index higher. The Bank of New York index of ADRs grew 0.51% to
Read moreBP Ready To Suspend Dividend Payment -FT
11th Jun 2010 21:14
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) is prepared to suspend its second-quarter dividend payment, and a final decision is likely only after top company officials meet with U.S. President Barack Obama Wednesday, the Financial Times reports on its website Friday, without citing sources. The BP o
Read moreSportsTicker: Fans At Wrigley Boo When BP Cup Presented
11th Jun 2010 20:54
CHICAGO (AP)--Fans at Wrigley Field let out loud boos when the BP Crosstown Cup was presented before the Cubs' game against the White Sox. BP, which is under fire for its handling of the oil spill in the Gulf of Mexico, is in its first year as title sponsor of the annual six-game series between
Read moreCORRECT: BP WATCH: Stock Is Up, But Investors Still Worried
11th Jun 2010 20:46
(The BP WATCH story published at 3:32 p.m. EDT misstated the credit default swaps levels. A corrected version follows.) By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--A recent bounce in the shares of BP PLC (BP, BP.LN), as well as a drop in the cost to insure its
Read moreOPTIONS REPORT: Confidence in BP and Halliburton
11th Jun 2010 20:30
By Brendan Conway Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--As investors grew more confident that BP PLC can endure the fallout from the Gulf of Mexico oil spill, one big options trader showed up to suggest a belief that the direst predictions for the company won't prove true. Ending
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