Category Archives: BP

Stocks end day lower after early rally collapses

By doris | Published: June 10, 2010

Full Story at msnbc.com NEW YORK – The stock market had another late-day slide, this time because of fears that the Gulf oil spill will threaten BP’s dividend and perhaps land the company in bankruptcy court. The Dow Jones industrials, up about 125 points late Wednesday morning, closed down 41. Most selling came in the [...]

Also posted in America, Business, Economy, Investors, Market, Money, Wall Street | Leave a comment

BP paying out $2.63B in dividends

By doris | Published: June 9, 2010

Full Story at msnbc.com NEW YORK – BP PLC will pay shareholders $2.63 billion in dividends on June 21 as investors and U.S. lawmakers wait to see what the oil company decides about future payouts. The company announced the dividend on April 27, one week after a BP well in the Gulf of Mexico exploded [...]

Also posted in Bonuses, Business | Leave a comment

BP investors struggle to factor in huge costs

By doris | Published: June 6, 2010

Full Story at msnbc.com WASHINGTON – Former Labor secretary Robert Reich wants to place BP’s U.S. operations in temporary receivership. Sen. Ron Wyden (D-Ore.) wants the oil giant to suspend its dividend payments. Attorney General Eric H. Holder Jr. is weighing criminal charges. And lawyers in more than a hundred lawsuits want BP to pay [...]

Also posted in Business, Environment, Gas or Oil, Health | Leave a comment

Gulf of Mexico gusher gets cap; oil still spewing

By doris | Published: June 4, 2010

Full Story at msnbc.com VENICE, La. – BP made promising strides in its latest bid to capture some of the oil spewing from its ruptured deep-sea well in the Gulf of Mexico, while President Barack Obama called off an overseas trip and prepared for another visit Friday to the spill-stricken U.S. Gulf Coast. After failing [...]

Also posted in Business, Environment, Gas or Oil, Safety, Wrongdoing | 1 Comment