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The following is a press release from Moody's Investors Service: Approximately $12 Billion of Debt Securities Affected New York, June 17, 2010 -- Moody's Investors Service placed the ratings of The Southern Company (A3 Senior Unsecured); Georgia Power Company (A2 Senior Unsecured); Gulf Power Co
17 Jun 10 19:31circumstance or contingency within or outside the control of MOODY'S or any of its directors, officers, employees or agents in connection with the procurement, collection, compilation, analysis, interpretation, communication, publication or delivery of any such information, or (b) any direct, indire
17 Jun 10 19:31THE NEWS U.S. lawmakers on Thursday blasted BP PLC (BP, BP.LN) Chief Executive Tony Hayward on safety standards, with the CEO saying he was "not involved" in key decisions about the mile-deep oil well that blew out in April. Hayward also deflected attempts by lawmakers to determine whether
17 Jun 10 19:282:24 (Dow Jones) US Attorney General Eric Holder said tax breaks that BP might claim against its costs for cleaning up the Gulf of Mexico oil spill didn't come up in Wednesday's meeting at the White House. Holder, who attended the meeting, said "he hadn't heard" discussion of BP possibly deducting f
17 Jun 10 19:24WASHINGTON (Dow Jones)--U.S. Attorney General Eric Holder said tax breaks that BP might claim against its costs for cleaning up the Gulf of Mexico oil spill didn't come up in Wednesday's meeting at the White House. Holder, who attended the meeting, said "he hadn't heard" discussion of BP possibl
17 Jun 10 19:21(Updates with more comments from BP CEO Hayward, lawmakers.) By Siobhan Hughes, Tennille Tracy and Stephen Power Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. lawmakers on Thursday blasted BP PLC's (BP, BP.LN) chief executive at his first appearance before Congress since a deadly o
17 Jun 10 19:18By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--BP PLC (BP, BP.LN) Chief Executive Tony Hayward swatted down several attempts by U.S. lawmakers Thursday to determine whether his company made poor decisions in the days and weeks up to the Deepwater Horizon oil spill. In a
17 Jun 10 19:02By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--BP PLC (BP, BP.LN) Chief Executive Tony Hayward on Thursday insisted he was "not involved" in key decisions about a mile-deep oil well that exploded two months ago, frustrating U.S. lawmakers hoping to gain more details about
17 Jun 10 18:361:35 (Dow Jones) BP's bond yields remain higher on the day, although CDS spreads have widened after news that the oil giant is seeking to raise between $5B-$10B from Wall Street banks. The most active BP bond is the 1.55% note due August 2011. The note was quoted at 5.90PP over Treasurys as of 1:01
17 Jun 10 18:351733 GMT [Dow Jones] BP's bond yields remain higher on the day, with wider CDS spreads after CNBC reported the oil giant is seeking to raise between $5 and $10 billion from Wall Street banks. Q&A of BP CEO on Capitol Hill ongoing. The most active BP note, the 1.55% of August 2011 is quoted 590 BP/Ts
17 Jun 10 18:34THE NEWS U.S. lawmakers blasted BP PLC (BP, BP.LN) Chief Executive Officer Tony Hayward on safety standards, with the CEO saying "I deeply regret" the oil spill in the Gulf of Mexico that threatens four U.S. states. BP, responding to pressure from U.S. authorities, agreed Wednesday to put $
17 Jun 10 18:19By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) U.S. shares slipped slightly Thursday as BP Chief Executive Tony Hayward faced a grilling by U.S. lawmakers on the oil spill and investors voiced concern over the lack of a monetary cap to BP's ultim
17 Jun 10 18:08(Adds details, quotes) By Nicholas Winning Of DOW JONES NEWSWIRES BRUSSELS (Dow Jones)--U.K. Prime Minister David Cameron said Thursday that the U.K. wants a strong euro zone, but he had agreed concessions on budgetary surveillance and fiscal sanctions in discussions with European Union
17 Jun 10 18:011641 GMT [Dow Jones] Word that BP may issue debt or increase its bank credit facility stands to reason for Don Galante, fixed income SVP at MF Global. "It absolutely makes sense while the door's open to get more capital while you can, so you can outlast the problem," Galante said. "What you don't wa
17 Jun 10 17:42(Updates with comment from Rep. Stupak.) By Siobhan Hughes, Tennille Tracy and Stephen Power Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. lawmakers on Thursday blasted BP PLC's (BP, BP.LN) chief executive at his first appearance before Congress since a deadly oil-rig explosion, wi
17 Jun 10 17:41
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