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LONDON (Dow Jones)--Tony Hayward is expected to stand down as BP PLC (BP) chief executive in October, the Financial Times reports on its website Monday. Hayward, who has come in for intense criticism over his handling of the Gulf of Mexico oil spill, is expected to be nominated for a position on
Read moreLONDON (Dow Jones)--BP PLC (BP) will propose Tony Hayward for a non-executive role at its Russian joint venture TNK-BP Holding (TNBP.RS) when he leaves his current position as the oil giant's chief executive, Sky News television reports Monday. BP is to decide on Hayward's fate at a board meetin
Read moreSentiment improved after the US open following a sluggish start, helping Footsie close with modest gains. A bigger than expected rise in US house sales reassured investors over the state of the world economy. Banks Lloyds, Royal Bank of Scotland and Barclays were all strongly ahead after they sail
Read moreBeleaguered oil giant BP is expected to announce a headline loss when it announces second quarter results on Tuesday as a result of provisions for the Gulf of Mexico crisis, though estimates of how big the loss will be vary, as analysts try to guess whether BP will swallow its poison in one gulp or
Read moreThe announcement of second quarter results from beleaguered oil giant BP is likely to be overshadowed by the future of blunder-boss Tony Hayward and the ever mounting cost of the provisions for the Gulf of Mexico oil spill. Despite protestations of support for Hayward from the board earlier this mo
Read moreTrading statements are driving the risers today with FT owner Pearson the best performer after its bullish half-year numbers and comments. Pearson said market conditions remain uncertain and growth is still expected to slow in the second half on tougher comparables, but it will achieve adjusted ea
Read moreHOUSTON (Dow Jones)--Apache Corp. (APA) said Monday that some oil and gas production in the Gulf of Mexico was still shut-in due to tropical depression Bonnie. About 4,624 barrels of oil and 49 million cubic feet of gas per day were offline due to the storm, which faded into a minor tropical de
Read moreU.S. stocks traded higher Monday, as the Dow Jones Industrial Average edged up 11 points to 10436, the S&P 500 grew 1.4 points to 1104 and the Nasdaq Composite increased 1.1 points to 2271. Among the companies whose shares are actively trading in the session are FedEx Corp. (FDX), Noah Education Hol
Read moreLeading shares remain mixed ahead of the deluge of big company announcements later in the week that includes oil giants BP, Shell and BG. Tullow Oil may be smaller than the aforementioned triumvirate but its shares are outperforming all of them and the rest of the Footsie constituents today after i
Read moreDOW JONES NEWSWIRES The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. A sulfur recovery unit
Read more2012, from 2010. Valero Corpus 340.0 West Plant 50,000-b/d FCCU at Christi, TX reduced rates since mid-Dec for economic reasons. Valero Norco, LA 250.0 Upgrade project to build 2012 a new diesel hydrotr
Read more1320 GMT [Dow Jones] Tony Hayward's departure from BP (BP.LN) would be a positive news for the stock, allowing the company to restore its reputation and credibility in the US, says Cheuvreux. Reckons BP managing director Robert Dudley is effectively likely to succeed Hayward as CEO. Notes not only i
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 1320 GMT [Dow Jones] Tony Hayward's departure from BP (BP.LN) would be a positive news for the stock, allowing the company
Read moreBy Hassan Hafidh Of DOW JONES NEWSWIRES BAGHDAD (Dow Jones)--Iraq is hoping to gain at least 150,000 barrels a day of new crude oil production at the end of this year or beginning of next year as mega-deals awarded from its first post-war licensing auction start to deliver, Iraqi and company
Read moreBroker comments 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 1238 GMT [Dow Jones] BP (BP) could book a $25 billion provision to cover the cost of the oil spill in the Gulf of Mexico in i
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