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Stock Market & Financial Investment News

News Breaks
January 17, 2013
09:57 EDTSTO, BPBP confirms major security incident at In Amenas JV site continuing
BP (BP) confirmed in a press release that the major security incident at the In Amenas joint venture site in Algeria is continuing. BP said, "The situation on site remains unresolved and fragile. Armed groups still occupy the site and hold a number of site personnel. BPs overriding priority is to do all we can to ensure the safety of our staff and to support their families during this anguishing time. All our efforts are focussed on supporting the authorities to secure a peaceful resolution of the situation and the safe return of our colleagues, and all other workers being detained. A number of BP staff are among those held on the site. To ensure we do not risk compromising the safety of these staff in any way, we do not currently intend to publicly release details of our staff members; their number, nationalities or identities. We are in contact with the families of those BP staff, offering them support and information. We will remain in frequent contact with the families to provide support and update them on developments. BP is in regular contact with the Algerian authorities, with our partners at Statoil (STO) and with other companies involved in the situation. BP is also keeping the UK government and authorities, and those of a number of other countries, advised on developments in the evolving situation and working closely with them to liaise with the Algerian authorities and further support the families."
News For BP;STO From The Last 14 Days
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October 5, 2015
14:44 EDTBPBP management to meet with JPMorgan
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11:35 EDTBPBP edges 50-day moving average
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11:27 EDTBPU.S., five Gulf states reach settlement with BP; total resolution worth $20.8B
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October 2, 2015
06:28 EDTBPBP in talks over deal with Iran, the Times reports
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October 1, 2015
09:35 EDTBPActive equity options trading on open
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September 28, 2015
10:00 EDTBPOn The Fly: Analyst Initiation Summary
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08:03 EDTBPBP initiated with an Outperform at BMO Capital
06:20 EDTBPBP not concerned over hostile takeover due to Macondo disclaimer, Bloomberg says
BP, which is allegedly readying defenses for potential acquisition offers, isn't concerned about a hostile takeover because of a disclaimer in its Macondo spill settlement that could put $12.6B onto the price tag, Bloomberg reports. A potential buyer may have to accelerate the payment of as much as two-thirds of the $18.7B in penalties BP agreed to pay the U.S. and several states, the report says, citing company filings. An option that provides the government and certain states the power to demand faster payment in a takeover basically hands them a veto over any deal, the report says. Reference Link
September 24, 2015
06:20 EDTBPBP management to meet with Jefferies
Meetings to be held in Chicago/Kansas City/Minneapolis September 29- October 1 hosted by Jefferies.
September 22, 2015
13:13 EDTBPBP initiated with a Neutral at Macquarie

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