AT A GLANCE: BP Shares Rise; Dividend Suspension Weighed
11th Jun 2010 20:06
THE NEWS: BP PLC (BP, BP.LN) shares are up in the U.S. Friday as investors regained some confidence that the oil company could deal with the political and financial costs stemming from the oil spill that began April 20 in the Gulf of Mexico. Meanwhile, BP is preparing to defer its expected
Read moreStandard Life Investments:Fully Support BP CEO,Management Team
11th Jun 2010 19:42
LONDON (Dow Jones)--BP PLC (BP, BP.LN) investor Standard Life Investments said Friday that it fully supports BP Chief Executive Tony Hayward and his management team and believes the U.K. oil major is "doing its utmost" to deal with the impact of the oil spill in the U.S. Gulf of Mexico. "It is o
Read moreBP Directors To Make Formal Dividend Decision Monday -BBC's Peston
11th Jun 2010 19:42
DOW JONES NEWSWIRES BP PLC's (BP, BP.LN) board of directors will meet Monday to make a formal decision on whether to pay a second quarter dividend, BBC business editor Robert Peston reports Friday. The board plans to defer the dividend, according to both Peston and a report from The Times of Lo
Read moreHEARD ON THE STREET: BP Dividend Debate Reminder Of Payout Uncertainty
11th Jun 2010 19:39
By David Reilly A DOW JONES COLUMN Dividends aren't sacrosanct. Just don't tell that to many investors, especially holders of BP's stock. As shown by the heated debate over BP's dividend -- sparked by U.S. political pressure for the oil giant to hold off on payments due to the Deepwater
Read moreBP Plans To Defer 2Q Dividend, Put Cash In Escrow -UK Times
11th Jun 2010 18:51
DOW JONES NEWSWIRES 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 the company's liabilities from the Gulf o
Read moreBaker Hughes: US Oil, Gas Rig Count Up 21 To 1,527 This Week
11th Jun 2010 18:47
HOUSTON (Dow Jones)--The number of rigs drilling for oil and natural gas climbed this week as producers increased activity to take advantage of higher commodity prices. The number of oil and gas rigs climbed to 1,527 rigs, up 21 rigs from the previous week, according to data from oil-field servi
Read moreUS HOT STOCKS: Wendy's/Arby's, ArcSight, BP, Buckeye GP
11th Jun 2010 18:15
U.S. stocks were mixed Friday as the Dow Jones Industrial Average slipped 26 points to 10147 and the Standard & Poor's 500 declined 2.6 points to 1084 but the Nasdaq Composite edged up 7.9 points to 2227. Among the companies whose shares are actively trading are Wendy's/Arby's Group Inc. (WEN), ArcS
Read more2nd UPDATE: Rep Rahall Asks Anadarko To Donate Over Gulf Spill
11th Jun 2010 17:55
(Adds response from Anadarko in fifth paragraph.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A U.S. House of Representatives member is asking Anadarko Petroleum Corp. (APC), the minority owner of the lease at the center of an eight-week-old Gulf of Mexico oil spill,
Read moreAT A GLANCE: BP Shares Rise; Dividend Suspension Considered
11th Jun 2010 17:54
THE NEWS: BP PLC (BP BP.LN) shares are up in the U.S. Friday as investors regained some confidence that the oil company could deal with the political and financial costs stemming from the oil spill that began April 20. Meanwhile, BP Chief Executive Tony Hayward said Thursday the company mi
Read moreUPDATE:US Rep Rahall Asks Anadarko To Donate Over Gulf Spill
11th Jun 2010 17:43
(Updates to add background on Anadarko and royalties.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A U.S. House of Representatives member is asking Anadarko Petroleum Corp. (APC), the minority owner of the lease at the center of an eight-week-old Gulf of Mexico oil s
Read moreUPDATE: Pelosi: BP Must Compensate Gulf Residents Before Paying Dividends
11th Jun 2010 17:39
(Updates with comment from BP spokesman, further comment from Pelosi, background.) By Corey Boles Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--House Speaker Nancy Pelosi (D., Calif.) lashed out at BP PLC (BP) Friday, saying the oil giant must compensate business owners and workers in t
Read moreUS EQUITIES WEEK AHEAD: BP To Testify; Brokers' Data Due
11th Jun 2010 17:35
By John Kell Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC (BP, BP.LN) Chief Executive Tony Hayward has been asked to testify on Capitol Hill next week as the beleaguered oil giant faces increased scrutiny about its response to the oil spill in the Gulf of Mexico. Economic reports
Read moreUS Rep Rahall Asks Anadarko To Contribute Over Gulf Oil Spill
11th Jun 2010 17:20
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A U.S. House of Representatives member is stepping up pressure on Anadarko Petroleum Corp. (APC) and asking the minority owner of the lease at the center of an eight-week-old Gulf of Mexico oil spill to donate money to help reh
Read moreUK's Cameron: In Everyone's Interest BP Remains Strong, Stable
11th Jun 2010 17:18
LONDON (Dow Jones)--U.K. Prime Minister David Cameron spoke with BP PLC (BP.LN) Chairman Carl-Henric Svanberg Friday afternoon over the Gulf of Mexico oil spill and told him it was in everyone's interests that BP remains a strong, stable company, his spokesman said. The spokesman said Cameron "e
Read morePelosi: BP Must Compensate Gulf Residents Before Paying Dividends
11th Jun 2010 17:02
By Corey Boles Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--House Speaker Nancy Pelosi (D., Calif.) lashed out at BP PLC (BP) Friday, saying the oil giant must compensate business owners and workers in the Gulf Coast region for their lost earnings before it pays a dividend to its sharehold
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