6:08am ET
Investing
BP Shares May Double
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 Coverage Page 73
5:06am ET
Energy
Will Every American Sue BP?
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 4:51am ET
Media
Media Digest (6/17/2010)
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…
2:27pm ET
Energy
BP Loses Last Ace, Gives Into US Escrow Demand And Kills Dividend
BP p.l.c. (NYSE: BP) gave up the last ace it had in the hole, agreeing to set up a $20 billion escrow account which will be used to compensate the people and…
Douglas A. McIntyre 9:13am ET
Investing
Top Day Trader Alerts (BP, CRIS, FDX, NBIX, NOK, SMTS, SONC, URRE)
There are many stocks on the move this morning in the top day trader alerts and top active trader alerts. BP plc (NYSE: BP), Curis Inc. (NASDAQ: CRIS), FedEx Corporation (NYSE: FDX),…
8:52am ET
Investing
Today’s Best Market Rumors (6/16/2010)
Updated throughout the day. The US, EU, and IMF will give Spain $300 billion in aid (various) The Fed may not be regulated under the new financial reform bill (Reuters) BP p.l.c.…
Douglas A. McIntyre 8:30am ET
Investing
The Twitter-24/7 Wall St. Stock Market Report 6.16.2010 The Wisdom Of Crowds?
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…
7:20am ET
Banking, finance, and taxes
Fitch, BP, and Friends: Downgrade To Panic (BP, RIG, APC, HAL)
Fitch is generally considered third fiddle in a two-agency dominated game of debt ratings behind Moody’s and Standard & Poor’s. But a ‘timely’ downgrade out of Fitch on BP plc (NYSE: BP)…
3:58am ET
Media
Media Digest (6/16/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Credit rating agencies will not be heavily regulated under the new financial reform bill. Reuters: AT&T (NYSE: T) had privacy problems with its iPhone 4 order system. Reuters: The EU, IMF,…
6:36pm ET
Energy
The Oil Industry Says It Can Regulate Itself
“Badges? We ain’t got no badges. We don’t need no badges! I don’t have to show you any stinkin’ badges!”–The Treasure of the Sierra Madre, 1948 A former Shell Oil Co. President…
8:48am ET
Investing
The Twitter-24/7 Wall St. Stock Market Report 6.15.2010 The Wisdom Of Crowds?
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…
7:35am ET
Investing
Analyst Upgrades And Downgrades
BP plc (NYSE: BP) was downgraded by Fitch. JPM Securites downgrades Eli Lilly (NYSE: ELY) to market perform. Rosetta Resources (NASDAQ: ROSE) downgraded to neutral by SunTrust Callaway (NYSE: ELI) downgraded to…
Douglas A. McIntyre 6:49am ET
Investing
24/7 Wall St. Ten Brands That Will Disappear in 2011
24/7 Wall St. has created a new list of brands that will disappear, which includes Readers Digest, Kia Motors, Dollar Thrifty (NYSE: DTG), Zale (NYSE: ZLC), Blockbuster (NYSE: BBI), T-Mobile, BP plc…
4:48am ET
Energy
A $20 Billion Check From BP plc?
BP plc (NYSE: BP) faces what may be the hardest decision in its history. The U.S. government has supposedly asked for a $20 billion escrow fund to cover clean-up costs and other…
Douglas A. McIntyre 5:47pm ET
Energy
BP Outlines Plan To Capture As Much As 80,000 Barrels A Day
Faced with unrelenting pressure to show that it can fix the Deepwater Horizon rig wreck oil leak, BP plc (NYSE: BP) has written Rear Admiral James Watson of the Coast Guard outlining…
Douglas A. McIntyre