BP Investors Target Management Over Losses Following Oil Spill
11th Jun 2010 12:37
(This article was originally published Thursday.) By Isabel Ordonez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--The legal onslaught versus BP PLC (BP) over the Gulf of Mexico oil spill is entering a new stage, with lawyers representing U.S. pension funds and other institutional investor
Read moreBP's Trading Counterparties Don't Share Investors' Fears
11th Jun 2010 12:36
(This article was originally published Thursday.) By Anna Raff and Ken Clark Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The oil spill in the Gulf of Mexico hasn't stopped the money flowing into BP PLC's (BP, BP.LN) coffers. While investors are spooked by the prospect of the enormo
Read moreSenate Rejects Motion To Block EPA Emissions Rules
11th Jun 2010 12:36
(This article was originally published Thursday.) By Siobhan Hughes and Corey Boles Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Senate Democrats, responding to the environmental wing of the party's base, held together and narrowly fended off a Republican-led effort to overturn th
Read moreUPDATE: BP Shares Lead FTSE 100; Goldman Sees Upside Potential
11th Jun 2010 12:29
(Adds comment, updates share price) By Jeffrey Sparshott and Peter Nurse Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) shares were leading London's blue-chip FTSE100 index early Friday afternoon as investors regained some confidence in the oil major's ability to cope with the poli
Read moreLondon midday: BP bounces back
11th Jun 2010 12:27
Though miners and banks are in the doldrums the market is making headway and, unusually, the advance is being led by BP. The oil giant yesterday reported the amount of oil it is capturing from the Gulf of Mexico leak has risen to 15,800 barrels per day, but as fast as it is improving the rate at w
Read moreRussia:Rosneftegaz Has No Plans To Buy TNK-BP Kovykta-Interfax
11th Jun 2010 12:26
MOSCOW (Dow Jones)--Russian state-owned entity Rosneftegaz, which owns 75% of oil producer OAO Rosneft (ROSN.RS), has no plans to buy TNK-BP Ltd.'s huge Kovykta gas condensate field in Siberia, the Interfax news agency reports Friday citing the country's Deputy Prime Minister Igor Sechin. TNK-BP
Read moreEU Offers Additional Equipment to US to Contain Oil Spill
11th Jun 2010 12:16
BRUSSELS (Dow Jones)--Several European Union member states have offered additional equipment to the U.S. to help combat the Gulf of Mexico oil spill, the European Commission said Friday. The offers came after U.S. officials Thursday requested oil booms to restrict the spread of petroleum on the
Read moreUK Govt: BP Must "Sort Out" Oil Spill Disaster
11th Jun 2010 11:55
LONDON (Dow Jones)--U.K. Prime Minister David Cameron has not changed his view that the Gulf of Mexico oil spill is a matter for BP PLC (BP) to resolve, his spokesman said Friday. "The prime minister has not changed his views on the issue," the spokesman told reporters. "Clearly, BP has got to s
Read moreN AMERICAN MORNING BRIEFING: Stocks Seen Little Changed
11th Jun 2010 11:25
DJIA Futures 10165.5 +10.5 +0.1% S&P 500 Futures 1082.3 +2.5 +0.2% Nasdaq Futures 1825.1 +4.0 +0.2% Above are as of 0615 ET FTSE 100 5175.2 +42.7 +0.8% Xetra DAX 6065.6 +9.0 +0.2% CAC40 3544.8 +28.1 +0.8% Above are as of 0
Read moreNorwegian Oil Spill Aid Snubbed On Lack Of US Certification
11th Jun 2010 11:20
OSLO (AFP)--A Norwegian oil industry group said Friday dispersants it had planned to send to help clean up the disastrous Gulf of Mexico oil leak wouldn't be used since they lack certification in the U.S. At the beginning of May, Nofo, a Norwegian industry association for battling oil spills, an
Read moreBEFORE THE BELL: US Stock Futures Edge Up Before Economic Reports
11th Jun 2010 11:03
By Steve Goldstein U.S. stock futures edged higher Friday as traders waited for retail sales and consumer confidence reports before committing to extending--or reversing--the previous session's big rally. S&P 500 futures rose 3.2 points to 1082.70 and Nasdaq 100 futures rose 4.75 points to
Read moreMARKET TALK: BP CDS Move Tighter With Stronger Credit Market
11th Jun 2010 09:23
0823 GMT [Dow Jones] BP (BP.LN) 5-year credit default swaps are at 420 bps Friday, 28 bps tighter from Thursday's close, according to Markit, as the iTraxx indexes and most other European high grade corporates tighten too. Thursday's intraday wide was 590 bps, according to Deutsche Bank. Following t
Read moreBP Shares Lead FTSE100; Goldman Sees Upside Potential
11th Jun 2010 09:21
LONDON (Dow Jones)--BP PLC (BP) shares were leading London's blue-chip FTSE100 index Friday morning following sharp sell-offs earlier in the week. At 0808 GMT, BP shares were up 23 pence, or 6.3%, at 388 pence. The FTSE100 was up 0.3%. At Thursday's close, BP's shares had lost more than 40%
Read moreLouisianans Make Emotional Plea For Help With Oil Spill
11th Jun 2010 09:18
WASHINGTON (AFP)--Grand Isle's mayor is making a tearful plea for lawmakers to fund efforts to fight the oil soiling Louisiana's fragile coast before it kills off his town. "I just need your help. It's like a war and I'm on the front line," David Camardelle pleaded Thursday, his voice breaking a
Read moreMARKET TALK: BP Shrs Gain As UK PM, Banks Roused To Speak Up
11th Jun 2010 09:14
0814 GMT [Dow Jones] BP (BP.LN) shares +5.2% at 385p, at the top of the FTSE 100, recouping some of their recent losses. A trader says reports that UK Prime Minister David Cameron is poised to weigh in with political support are helping. The trader says Cameron seems to want to imply the UK governme
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