According to SkyNews, Tony Hayward, CEO of BP plc will lose control over the company’s operations in the Gulf of Mexico, the site of the Deepwater Horizon disaster. BP Chairman Carl-Henric Svanberg…
Douglas A. McIntyre The federal subsidy of $0.45/gal for domestic ethanol is set to expire at year’s end, and the sparks are flying now as the embattled industry seeks to renew government payments. On one…
Ambac Financial Group, Inc. (NYSE: ABK) had been up over 6% but is now just up 2.5% at $0.80. The troubled company has a debt for equity exchange announced with certain holders…
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
These are some of this Friday’s top analyst calls with upgrades, downgrades, and initiations seen in Wall Street research notes: BP plc (NYSE: BP) target cut at HSBC; Cut to Hold at…
In another sign that there is concern about the long-term financial viability of BP plc (NYSE: BP) at least as it is structured as a corporation today, Moody’s sharply cut the UK-based…
Douglas A. McIntyre Tony Hayward of BP plc (NYSE: BP) was not in the “loop” about the Deepwater Horizon rig and any problems at the drill site. He says that his company has thousands of…
Reuters: A plan to isolate swaps from bank deposit assets will be in the financial reform bill. Reuters: The Volcker rule would prevent mergers among large banks. Reuters: Facebook’s 2009 revenue was…
S&P lowered it long- and short-term corporate credit ratings on BP to ‘A/A-1’ from ‘AA-/A-1+’ and kept the firm on CreditWatch negative. The ongoing CreditWatch placement reflects S&P’s view regarding the continued…
Douglas A. McIntyre Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) are two companies with an unlikely tie to the BP plc (NYSE: BP) oil spill catastrophe in the Gulf. But after a $20…
These are some of this Thursday’s top analyst calls with upgrades, downgrades, and initiations seen in Wall Street research notes: Apple Inc. (NASDAQ: AAPL) Started as Buy at Janney (late yesterday). Amazon.com…
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
The problems in the Gulf have caused BP’s shares to drop from a 52-week high of $62 to the current price of $32. Two years ago, they were almost $70. BP’s stock…
BP’s new $20 billion escrow account to help clean up the Gulf of Mexico and those hurt by the spill does not count for much. It will hurt BP’s shareholders for a…
Douglas A. McIntyre Reuters: The head of BP plc (NYSE: BP) is about to testify before Congress. Reuters: Spain may use 30 billion euros to support its faltering banks. Reuters: Oil moved above $77 and…
