Senate Votes To Reject Motion Blocking EPA Emissions Regulations
10th Jun 2010 21:17
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-ever nationwide regulations to limit greenhous
Read moreOPTIONS REPORT: Traders Prep For Swings In BP Stock
10th Jun 2010 20:30
By Donna Kardos Yesalavich and Kristina Peterson Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC (BP) options experienced heavy trading volume Thursday as investors anticipated continued volatility thanks to the uncertainty surrounding the company's liabilities from the Gulf of Mexico oi
Read moreManpower Sends Specialist Staff To Assist In Gulf Cleanup
10th Jun 2010 20:17
By Doug Cameron Of DOW JONES NEWSWIRES The head of Manpower Inc. (MAN) said Thursday that the temporary-employment group is marshaling specialist staff to assist in the oil-spill containment and cleanup effort in the Gulf of Mexico. Jeff Joerres, chairman and chief executive, also expect
Read moreBP Provides $75M To 3 States To Fund Oil Leak Response
10th Jun 2010 20:14
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) announced it would provide grants totaling $75 million--split evenly by Alabama, Florida and Mississippi--to help the states mitigate the impact of the oil spill in the Gulf of Mexico. The announcement came three days after the oil giant said it would
Read moreUPDATE: US-Listed BP Shares Rebound As Liability Fears Ease
10th Jun 2010 20:13
(Updates to add comments from U.S. and U.K. government officials) By Isabel Ordonez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--U.S.-listed shares of BP PLC (BP, BP.LN) shot up Thursday, erasing some of the previous day's sharp losses as fears eased about the U.K. oil giant's ability to
Read moreUS: Oil Spill Not Causing Tension With UK
10th Jun 2010 19:36
WASHINGTON (AFP)--The U.S. Thursday dismissed the idea that the BP PLC (BP) oil spill is causing diplomatic tension with the U.K. "I don't see it as a source of tension," State Department spokesman Philip Crowley told journalists. "BP is a private company and this is about the impact of the trag
Read morePRESS RELEASE: BP Announces Second Block Grant of $25 Million to the State of Alabama
10th Jun 2010 19:26
BP Announces Second Block Grant of $25 Million to the State of Alabama Release Date: 10 June 2010 Today BP announced it is providing the State of Alabama with an additional $25 million grant to continue implementation of the State's Area Contingency Plan. This $25 million grant is in add
Read morePRESS RELEASE: BP Announces Second Block Grant of $25 Million to the State of Mississippi
10th Jun 2010 19:25
BP Announces Second Block Grant of $25 Million to the State of Mississippi Release Date: 10 June 2010 Today BP announced it is providing the State of Mississippi with an additional $25 million grant to continue implementation of the State's Area Contingency Plan. This $25 million grant i
Read morePRESS RELEASE: BP Announces Second Block Grant of $25 Million to the State of Florida
10th Jun 2010 19:24
BP Announces Second Block Grant of $25 Million to the State of Florida Release Date: 10 June 2010 Today BP announced it is providing the State of Florida with an additional $25 million grant to continue implementation of the State's Area Contingency Plan. This $25 million grant is in add
Read moreWhite House Spokesman Gibbs: Obama May Meet With BP Chairman
10th Jun 2010 19:23
By Josh Mitchell Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--President Barack Obama is open to meeting with BP PLC's (BP, BP.LN) chairman in coming weeks as the company works to stop the Gulf of Mexico oil spill and reassure investors, White House Press Secretary Robert Gibbs said Thursday
Read moreUPDATE: DOJ Official: Not Preparing To Block BP Dividends
10th Jun 2010 19:11
(Updates with detail, background.) By Brent Kendall Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A Justice Department official said Thursday that the agency isn't preparing to seek an injunction that would block BP PLC (BP, BP.LN) from paying dividends to shareholders. The official
Read moreCredit Markets Treat BP As If It Were Below Investment Grade
10th Jun 2010 19:05
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Credit markets are treating BP Plc (BP, BP.LN) as if it held a near-junk-bond rating, a measure of investors' anxiety over undefined but potentially huge liabilities the AA2-rated company faces for the six-week-old Gulf of Mexico oil
Read moreDOJ Official:Not Preparing To Seek Injunction Blocking BP Dividends
10th Jun 2010 18:29
By Brent Kendall Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A Justice Department official said Thursday that the agency is not preparing to seek an injunction that would block BP PLC (BP, BP.LN) from paying dividends to shareholders. The official, speaking on the condition anonymit
Read moreUS-Listed BP Shares Rebound As Fears Over Spill Liability Ease
10th Jun 2010 18:19
By Isabel Ordonez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--U.S.-listed shares of BP PLC (BP) shot up Thursday, erasing some of the previous day's sharp losses as fears eased about the British oil giant's ability to withstand the expense of the Gulf of Mexico oil-spill recovery. Americ
Read moreMARKET TALK: BP Dividend At Risk -Oppenheimer
10th Jun 2010 18:17
1:17 (Dow Jones) Oppenheimer is still bullish on BP shares, but joins those expressing doubt the company can continue paying its dividend. "While we think BP can financially sustain the dividend, we are not sure if it can do so politically," firm writes. Still contends BP offers a "unique investment
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