2nd UPDATE: Senate Rejects Motion To Block EPA Emissions Rules
10th Jun 2010 22:55
(Adds EPA reaction in the 13th paragraph.) 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 the first
Read moreSchlumberger: US Drilling Ban Affects Small Portion Of Revenue
10th Jun 2010 22:53
DOW JONES NEWSWIRES Schlumberger Ltd. (SLB) said the U.S. moratorium on off-shore drilling in the Gulf of Mexico affects a small portion of the company's consolidated revenue, adding that the ban's initial effect is uncertain. The oilfield services provider has performed better than some pe
Read moreOn Dow Jones Investment Banker: Reinsurance Class Of 2005, Wind Energy
10th Jun 2010 22:48
LONDON (Dow Jones Investment Banker)--The following columns have been published exclusively on Dow Jones Investment Banker in recent days. Many Dow Jones Investment Banker columns contain spreadsheets, video, PDFs and other supporting material. To arrange access to the best of Dow Jones news and opi
Read moreCORRECT: UPDATE: Senate Rejects Motion To Block EPA Rules
10th Jun 2010 22:45
("UPDATE: Senate Rejects Motion To Block EPA Emissions Rules," published at 17:02 ET, misstated the general amount of "clean energy" funding announced by the Energy Department on Thursday, in the ninth paragraph. The correct version follows:) By Siobhan Hughes and Corey Boles Of DOW JONES NEW
Read moreUSGS: Teams Estimate BP Well Gushing 20,000 To 50,000 Barrels A Day
10th Jun 2010 22:43
By Cassandra Sweet Of DOW JONES NEWSWIRES Teams of government and university scientists have estimated that a broken BP PLC (BP, BP.LN) oil well in the Gulf of Mexico was likely spewing between 20,000 and 50,000 barrels of oil a day before BP partially contained the flow earlier this month,
Read moreBP Investors Target Management Over Losses Following Oil Spill
10th Jun 2010 22:28
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 investors lining up to sue the company's management and directo
Read moreUS HOT STOCKS: ArcSight, Finisar Active In Late Trading
10th Jun 2010 22:11
U.S. stocks rose Thursday as the Dow Jones Industrial Average grew 2.8% to 10173, the S&P 500 gained 3% to 1087 and the Nasdaq Composite rose 2.8% to 2219. Among the companies whose shares are actively trading in the after-hours session are ArcSight Inc. (ARST), Finisar Corp. (FNSR), National Semico
Read moreUPDATE: Florida AG Seeks At Least $2.5B Escrow Account From BP
10th Jun 2010 22:08
(Adds there was no immediate comment from BP spokesman.) DOW JONES NEWSWIRES Florida Attorney General Bill McCollum asked BP PLC (BP, BP.LN) to put at least $2.5 billion into an interest-earning escrow account to ensure money is available to cover potential losses. The oil giant has ple
Read moreBP's Trading Counterparties Don't Share Investors' Fears
10th Jun 2010 22:06
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 enormous costs that the London-based oil giant may incur from
Read moreUPDATE: Senate Rejects Motion Blocking EPA Emissions Rules
10th Jun 2010 22:01
(Updates with background on votes; more details about politics; outlook for EPA rules.) 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
Read moreUPDATE: Credit Markets Treat BP As If It Were Rated Junk
10th Jun 2010 21:58
(Updates with analyst comments and context.) By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Credit markets were treating BP Plc (BP, BP.LN) as if it held a bond rating near the junk level, a measure of investors' anxiety over undefined but potentially huge liabilities that th
Read moreADR Report: Shares Climb On Upbeat ECB Comments, China Data
10th Jun 2010 21:49
By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York broadly gained Thursday following upbeat comments from the European Central Bank and strong economic data in the U.S. and China. The Bank of New York index of ADRs rose 4.2% to 116.58
Read moreFlorida AG Seeks At Least $2.5B Escrow Account From BP
10th Jun 2010 21:40
DOW JONES NEWSWIRES Florida Attorney General Bill McCollum asked BP PLC (BP, BP.LN) to put at least $2.5 billion into an interest-earnings escrow account to ensure money is available to cover potential losses. The oil giant has pledged to cover all claims related to the oil spill in the Gulf
Read moreStudy: BP Well Spewing 25,000 To 30,000 Barrels A Day -WP
10th Jun 2010 21:28
DOW JONES NEWSWIRES BP PLC's (BP, BP.LN) ruptured oil well in the Gulf of Mexico has been gushing 25,000 to 30,000 barrels of oil each day since its blowout April 20, according to study by scientists commissioned by the U.S. government, the Washington Post reports Thursday on its website. O
Read moreMARKET TALK: Good Moment To Buy Anadarko's Shares -Barclays
10th Jun 2010 21:24
[Dow Jones] Investors that aren't risk averse should aggressively purchase Anadarko Petroleum Corp.'s (APC) shares as they are undervalued, say analysts at Barclays Capital in a note to clients. Anadarko's shares are currently trading lower than the worst-case scenario Barclays has for the possible
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