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WASHINGTON (AFP)--A U.S. senator blasted BP PLC (BP, BP.LN) Tuesday after the oil giant said its outgoing chief, Tony Hayward, would not testify at a hearing this week on whether the firm had a hand in the Lockerbie bomber's release. "I would have thought that a company on thin ice with the Amer
Read more(Updates with issue involving natural-gas vehicles.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Senate Democrats proposed eliminating the cap on damage claims that companies must pay for oil spills like the one in the Gulf of Mexico, vowing to ensure that com
Read more("Senate Democrats Unveil Summary Of Spill Bill," at 3:43 p.m. EDT, incorrectly said Democrats proposed raising the cap, in the first paragraph. The correct version follows:) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Senate Democrats proposed eliminating the
Read moreBy Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) was testing the blowout preventer on its relief well Tuesday, as the British oil company moves closer to finally killing its once-gushing well in the U.S. Gulf of Mexico, the federal spill response commander said.
Read moreBy Sherry Su Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The differential of North Sea Forties crude soared to a two-year high Tuesday, a level last seen in the oil bull run of early 2008. Tight North Sea supply amid field maintenance has strengthened the market, but it remains to be seen
Read more(Updates with additional comments from Obama.) By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--President Barack Obama on Tuesday said a massive leak of secret military information reveals nothing new about the struggles the U.S. faces in fighting terrorism in Afghanista
Read moreU.S. stocks were mixed Tuesday, as the Dow Jones Industrial Average gained 10 points to 10536, but the S&P 500 slipped 2 points to 1113 and the Nasdaq Composite dropped 9.9 points to 2286. Among the companies whose shares are actively trading in the session are U.S. Steel Corp. (X), Lexmark Internat
Read moreBy Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) shares fell Tuesday in trading that investors said was driven more by "selling on the news" following Monday's gains in anticipation of the oil giant's second-quarter report and chief executive shuffl
Read more(Adds analyst comments, detail, background.) By Jacob Gronholt-Pedersen Of DOW JONES NEWSWIRES MOSCOW (Dow Jones)--TNK-BP International (TNBP.RS) billionaire shareholder German Khan said Monday he will "welcome" Robert Dudley as the new chief executive of BP PLC (BP), despite past disput
Read moreBy Liam Denning and Matthew Curtin A DOW JONES COLUMN There's little love lost between BP PLC (BP, BP.LN) and the White House. But in announcing quarterly results and a new chief executive Tuesday, the oil major effectively co-opted one presidential election slogan. But do BP's efforts repre
Read more(Updates throughout with more background on claims fund and comments from Feinberg.) By Shayndi Raice Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The administrator of a $20 billion fund set up by BP (BP, BP.LN) to compensate the Gulf Coast tourism industry said Tuesday there are sig
Read more12:23 (Dow Jones) BP's plans to sell about $30B in assets in order to become a slimmed down version of its former self should help restore is battered reputation. "The sales could be the best response possible to the spill's legacy -- as could the company's debt reduction and increased cashflow," FT
Read more(Adds SEC declining to comment, background.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.S. Securities & Exchange Commission and Department of Justice have launched an informal probe into matters related to BP PLC (BP) securities and the Gulf of Mexico oil spill, BP
Read moreA big chunk of the morning's hard-fought gains went up in smoke late in the session as an early rally on Wall Street quickly turned into nothing. Miners were the main culprits. All the big guns gave back big leads mid-afternoon following stronger-than-expected US home-price data that helped the dol
Read more11:37 (Dow Jones) BP's US shares slip 2.1% to $37.85, giving back some of yesterday's nearly 5% gain in anticipation of 2Q results and naming of Bob Dudley as new CEO. But options traders are tilting toward the optimistic side, with higher volume in BP calls than puts recently, while cost of insurin
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