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(Updates with Dudley quotes, reaction from US lawmaker) WASHINGTON (AFP)--Bob Dudley, BP Plc's (BP) chief executive officer-designate, vowed Tuesday to "change the culture" of how the company tackles safety issues following the Gulf of Mexico oil spill disaster. Dudley, until now in charge o
Read moreMOSCOW (Dow Jones)--BP PLC's (BP.LN) new chief executive designate Robert Dudley and outgoing incumbent Tony Hayward will travel to Russia to meet with government officials and BP's business partners in Russia, a company spokesman said Monday. The date of the visit will be announced later, said
Read moreNEW DELHI (Dow Jones)--Four Indian state-run oil companies--GAIL (India) Ltd. (532155.BY), Oil India Ltd. (533106.BY), Oil & Natural Gas Corp. Ltd. (532155.BY) and Indian Oil Corp. Ltd. (530965.BY)--will jointly bid for BP PLC's (BP) energy assets in Vietnam, Oil India chairman Nayan Mani Borah said
Read moreWASHINGTON (AFP) -- Bob Dudley, BP Plc's (BP) new chief executive officer, vowed Tuesday to "change the culture" of how the company tackles safety issues following the Gulf of Mexico oil spill disaster. Dudley, until now in charge of BP's Gulf clean-up operations, will become the group's first U
Read moreBy Polya Lesova Stock futures pointed Tuesday to another day of gains on Wall Street, as strong earnings from chemical firm DuPont and European banks including UBS and Deutsche Bank buoyed market sentiment. Traders also digested news of a $17.2 billion quarterly loss at oil giant BP, which
Read more(This article was originally published Monday.) By Tennille Tracy and Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. House Democrats unveiled a bill Monday that would eliminate the cap on damage claims that BP PLC (BP, BP.LN) and other oil companies would have to pay
Read moreMOSCOW (Dow Jones)--TNK-BP International (TNBP.RS) billionaire shareholder German Khan said Monday he will "welcome" Robert Dudley as the new chief of parent company BP PLC (BP.LN), despite public disputes with his former boss at TNK-BP that soured Russian-British relations. "We fully support th
Read moreEurope's leading exchanges have added to gains in the first half of the day, with banks leading the way after Switzerland's UBS beat earnings estimates. Investors also focus on BP. The oil giant confirmed Tony Hayward is to step down as chief executive of the group on 1 October to be succeeded by f
Read more1045 GMT [Dow Jones] S&P Equity Research cuts BP (BP.LN) price target to 610p from 640p to reflect the latest Gulf of Mexico liabilities. Notes the company has announced record 2Q '10 losses due to non-operating charges from the gulf incident. However, S&P notes clean EBIT (excluding gulf charges) r
Read moreStocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 1045 GMT [Dow Jones] S&P Equity Research cuts BP (BP.LN) price target to 610p from 640p to reflect the latest Gulf of Mexi
Read moreNEW DELHI (Dow Jones)--India's Oil & Natural Gas Corp. Ltd. (500312.BY) and Petro Vietnam will jointly bid for BP Plc's (BP) assets in Vietnam, India's oil secretary said Tuesday. "We met with the prime minister of Vietnam and we had said we will work with Petro Vietnam (to buy BP's stake). We a
Read moreDJIA Futures 10496.5 +38.5 +0.4% S&P 500 Futures 1114.3 +4.8 +0.4% Nasdaq Futures 1895.1 +7.6 +0.4% Above are as of 0600 ET FTSE 100 5385.4 +34.3 +0.6% Xetra DAX 6217.7 +23.5 +0.4% CAC40 3665.9 +29.7 +0.8% Above are as of 0
Read more(Adds analyst, investor comment, details.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--In the wake of a huge loss due to the Gulf of Mexico oil spill, BP PLC (BP) Tuesday launched a radical shakeup, including plans to sell around $30 billion in assets, appoint a new chief
Read moreBy Polya Lesova Stock futures pointed Tuesday to another day of gains on Wall Street, as strong results from European banks including UBS and Deutsche Bank buoyed market sentiment ahead of a string of earnings reports from the U.S. Traders also digested news of a $17.2 billion quarterly los
Read more0918 GMT [Dow Jones] BP's provision of $32.2B for costs related to the Gulf of Mexico oil spill are based on optimistic assumptions and there are risks it might have to make further provisions in following quarters as the various investigations on the causes of the accident progress, warns Credit Su
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