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Share Price: 510.40
Bid: 509.40
Ask: 509.50
Change: -5.40 (-1.05%)
Spread: 0.10 (0.02%)
Open: 516.30
High: 516.60
Low: 506.10
Prev. Close: 515.80
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Obama Blasts Republicans For Blocking Vote On Jobless Bill

Sat, 19th Jun 2010 11:00

By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--President Barack Obama on Saturday used his weekly radio address to blast Republicans for blocking attempts to allow votes on legislation that would extend jobless benefits and raise the liability for oil companies that harm the environment. Obama, in a twist to his frequent business-as-usual criticism of Washington, said he is disappointed to see a "dreary and familiar politics get in the way of our ability to move forward on a series of critical issues that have a direct impact on people's lives." Republicans, along with some Democrats, on Thursday voted to defeat ending debate on a bill that would extend jobless benefits and renew a series of tax credits implemented in 2009. Attempts to vote on a bill that would raise a liability cap for oil companies from $75 million, a figure considered outdated and low, have also been blocked. Obama said Americans deserve a simple up-and-down vote. He said more than 100 of his nominees to work in a host of federal positions are also awaiting Senate approval. Obama's call for a spirit of greater cooperation comes as he is set to meet with a group of bipartisan senators at the White House next week to discuss energy and climate legislation. He realizes there will be differences, but said the public deserves to see that Republicans and Democrats can at least sit down together and discuss important issues. Obama said passage of the jobless bill is necessary to help Americans who lost jobs through "no fault of their own." He added, "It would provide relief to struggling states that would help save the jobs of thousands of teachers and cops and firefighters." Republicans used their weekly radio address to criticize Obama's response to the Gulf oil catastrophe. Sen. Roger Wicker (R., Miss.) said the country needs to continue to learn "more and more disturbing information about gross negligence on the part of BP--and about some proposals from the Obama administration that will do more harm than good." Wicker pointed to Obama's Oval Office address to the nation on the Gulf oil disaster earlier in the week as a basis for criticism. He said Obama used a third of the speech to address advocating a new national energy strategy. He added, "Now is not the time to push a controversial, job-killing, partisan agenda through Congress." Wicker also criticized Obama's decision to put a six-month moratorium on deepwater drilling in the Gulf, saying it's a third wave of the disaster. "If left in place, the moratorium will permanently eliminate thousands of jobs and drive up the cost of energy for all Americans," he said. Obama has said he wants a presidential commission to look quickly into whether deepwater drilling can continue safely. Wicker also blasted Democratic proposals to increase oil clean-up fees. He said the proposals would take the country in the "wrong direction." Democrats plan to "raid those funds to pay for unrelated programs," he added. Wicker's comments come as the Republican Party encountered intense pressure for comments Rep. Joe Barton (R., Texas) made at a House Energy and Commerce Committee hearing with BP PLC (BP, BP.LN) Chief Executive Tony Hayward. Barton apologized to the chief executive for the way the White House was treating the company. He said he found it shameful that the White House asked the company to set aside $20 billion to compensate Gulf residents whose economic livelihoods were affected by the disaster. Barton later apologized for the comments after heavy pressure from Republican leadership. -By Jared A. Favole, Dow Jones Newswires; 202.862.9256; jared.favole@dowjones.com (END) Dow Jones Newswires June 19, 2010 06:00 ET (10:00 GMT)
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6 Feb 2024 12:10

LONDON MARKET MIDDAY: BP tops FTSE 100 index on buyback promise

(Alliance News) - The FTSE 100 was higher at midday Tuesday, despite lingering unease in equity markets on US interest rate worries, while BP led the way among London's large-caps as it announced a buyback plan.

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6 Feb 2024 09:04

TOP NEWS: BP promises buybacks and hikes dividend despite profit fall

(Alliance News) - BP PLC on Tuesday reaffirmed it is sticking to its commitment to share buybacks despite reporting a profit decline amid a fall in oil prices.

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6 Feb 2024 08:53

LONDON MARKET OPEN: BP jumps after unveiling share buyback

(Alliance News) - The FTSE 100 in London opened higher on Tuesday, with oil major BP at the top of the index, thanks to its new share buyback programme.

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6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

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6 Feb 2024 07:02

BP unveils $1.75bn buyback as 2023 profits halve on weaker oil price

(Sharecast News) - Shares in BP surged on Tuesday as the energy giant announced a $1.75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.

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2 Feb 2024 17:12

LONDON MARKET CLOSE: Stocks mixed as US jobs data dashes rate cut hope

(Alliance News) - Stock prices in London closed mixed, after hotter-than-expected US jobs data hit already precarious investor sentiment and all but ensured the Federal Reserve will not be cutting interest rates next month.

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2 Feb 2024 13:14

BP appoints Kate Thomson as its permanent finance chief

(Sharecast News) - BP announced the appointment of Kate Thomson as its new, permanent chief financial officer on Friday, effective immediately.

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2 Feb 2024 12:27

TOP NEWS: BP promotes Kate Thomson as permanent finance chief

(Alliance News) - BP PLC on Friday named Kate Thomson as its permanent chief financial officer, after being in the interim role since September.

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2 Feb 2024 12:09

LONDON MARKET MIDDAY: Airlines up but oil falls on Middle East talks

(Alliance News) - Stock prices in London were higher at midday Friday, ahead of the afternoon's US jobs data, as earnings from tech behemoths overnight lifted investor morale.

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2 Feb 2024 08:54

LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

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1 Feb 2024 17:03

LONDON MARKET CLOSE: Stocks down on hawkish BoE interest rates hold

(Alliance News) - Stock prices in London closed down on Thursday after the Bank of England left interest rates on hold in a split decision that was hawkish on expectations of rate cuts.

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1 Feb 2024 12:22

LONDON MARKET MIDDAY: BoE keeps bank rate on hold in split decision

(Alliance News) - London's FTSE 100 was on the up on Thursday afternoon after the Bank of England left interest rates on hold on Thursday, in a split decision.

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1 Feb 2024 10:06

New UK oil and gas exploration licences approved in the North Sea

(Alliance News) - The UK's oil and gas regulator has awarded 24 new exploration licences to 17 separate companies in a move that has been welcomed by a trade body but condemned by climate campaigners.

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1 Feb 2024 08:50

LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

(Alliance News) - Stock prices in London opened mixed, ahead of the Bank of England's first interest rate decision of the year.

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30 Jan 2024 15:28

UK earnings, trading statements calendar - next 7 days

Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
JTC PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
  
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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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