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BP replaces failed blowout preventer on Gulf well HOUSTON (Reuters) - BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response said.
Sep 04 2010
Stocks rally as jobs data spurs optimism NEW YORK (Reuters) - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
Sep 03 2010
Taxpayers likely to face initial loss on GM IPO: sources NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
Sep 03 2010
China tells state companies to explore Potash bid TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
Sep 03 2010
Japan Noda warns on yen, suggests joint steps difficult TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option.
US jobs data allay double dip concerns Fears of a double-dip recession in the US were allayed on Friday by data showing that the private sector had created 235,000 jobs in the past three months
Sep 03 2010
Beijing eyes counterbid for PotashCorp The Chinese government has backed Sinochem, the state-owned chemicals giant, to pursue a counterbid that could trump BHP Billiton’s $39bn hostile offer for PotashCorp
Sep 03 2010
Investors buoyed by better US jobs data Traders are piling into risky bets after a better than expected US labour market report reinforced hopes that the US economy can avoid sliding back into recession.
Sep 03 2010
Petrobas prepares to raise up to R$55bn Petrobras, Brazil’s national oil company, is preparing to raise as much as R$55bn from minority shareholders in what would be the world’s biggest share sale
Sep 03 2010
BP bill for Gulf oil spill hits $8bn BP said it had spent almost $2bn in the last month responding to its Gulf of Mexico oil spill, even as it plugged the leak, taking its total bill for the catastrophe to $8bn
