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BP Execs Could See Manslaughter Charges (BP)
Tuesday, March 29, 2011 - 1:30am | 206Federal prosecutors are mulling bringing BP (NYSE: BP) executives up on manslaughter charges regarding decisions made leading up to the explosion of the Deepwater Horizon rig in April 2010, a tragedy that resulted in 11 deaths and that triggered the largest oil spill in U.S. history. The Justice...
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Hayward Mulling Next Step
Monday, November 15, 2010 - 8:26am | 141Believe it or not, former BP (NYSE: BP) CEO Tony Hayward is a desirable commodity and is reportedly mulling several opportunities to get back into the business world after his less-than-glorious departure from the British oil giant following the Gulf of Mexico oil spill. Hayward is involved in a...
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BP Popular On At Least One Front
Friday, October 22, 2010 - 10:05am | 141For a company so starved of anything resembling a postitive public image, BP (NYSE: BP) needs all the help it can get to become popular rather than infamous, but this probably wasn't what Europe's second-largest oil company had in mind. It would appear that one of the top-selling Halloween costumes...
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TNK-BP To Acquire BP's Algerian Fields
Wednesday, October 6, 2010 - 3:43am | 171TNK-BP, the Russian joint venture between BP (NYSE: BP) and several Russian billionaires, is reportedly close to acquiring the British oil giant's fields in Algeria as part of the Russian firm's international expansion plans. TNK-BP is where former BP CEO Tony Hayward now calls home. As soon as the...
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BP Planning Management Changes
Wednesday, September 29, 2010 - 5:47am | 89BP (NYSE: BP), Europe's second-largest oil company, will reportedly make significant management changes in its exploration and production business after Robert Dudley becomes CEO of the British oil giant on Friday. Sky Television broke the news earlier today and reported that head of Exploration...
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BP Posts Q2 Losses; Underlying Performance Strong; CEO Hayward Resigns
Tuesday, July 27, 2010 - 6:39am | 177BP PLC (NYSE: BP) Tuesday posted losses for the second quarter, as it made cost provisions amounting to $32.2 billion associated with the Gulf of Mexico oil spill. The embattled London-based oil firm reported a huge loss of $17.15 billion, as compared to a net profit of $4.39 billion in the same...
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BP Tony Hayward Expected to Step Down Tomorrow
Sunday, July 25, 2010 - 6:06pm | 112When BP's (NYSE: BP) board of directors meets Monday night, according to a source close to the company, BP's CEO, Tony Hayward, will resign from the company. The board is meeting ahead of Tuesday's quarterly results, and that's where the Tony Hayward resignation is likely to become public,...
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Nigerian Phishing Scam Sweeps the Gulf (BP)
Thursday, July 22, 2010 - 5:57pm | 131Reuters is reporting that an e-mail scam is circulating around communities near the Gulf of Mexico, where someone pretends to be BP plc’s (NYSE: BP) Tony Hayward; the e-mail says that if the person replys to it, providing personal information of course, that they will receive $500,000 in “grant...
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BP Chief Tony Hayward To Step Down By September
Wednesday, July 21, 2010 - 10:40am | 199According to a report in the Times of London, Chief Executive of BP PLC (NYSE: BP) Tony Hayward will step down from his post in late August or September. The company is currently battling to remain independent after the worst oil spill in US history. However, a BP spokesman told Reuters that the...
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Warren Buffett Feels Hayward Should Not Continue As BP CEO
Thursday, July 8, 2010 - 3:28pm | 345In an article on CNBC, Warren Buffett of Berkshire Hathaway (NYSE: BRK.B) said that Tony Hayward should resign from the post of the CEO of BP PLC (NYSE: BP). This will make American people feel that the company has responded adequately to its massive oil spill in the Gulf. In an interview with...
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Grilling Of Tony Hayward; Barron’s (BP)
Wednesday, June 23, 2010 - 4:27pm | 91It was quite a seven-hour grilling for the BP (NYSE: BP) Chief Executive Tony Hayward as he faced Congressional inquisitors over the worst environmental disaster in the history of the country. The company has employed the most expensive legal team to defend itself against the government. According...
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BP CEO Sparks New Controversy (BP)
Sunday, June 20, 2010 - 3:42pm | 135As oil continued to gush out into the Gulf of Mexico on Saturday, BP CEO Tony Hayward watched a yacht race off the English Coast, sparking new controversy. A spokeswoman for the British energy company said Hayward was spending time with his teenage son after devoting most of the past two months to...
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Commercial Real Estate Videos of the Week
Sunday, June 20, 2010 - 6:00am | 127Commercial Real Estate Videos of the Week-June 13-19 Former Chairman and CEO of General Electric (NYSE: GE), Jack Welch, speaks about various topics including financial reform, and carried interest. In case you missed it, here’s the video of Rep. Joe Barton R-TX apologizing to BP...
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BP (BP) To Place $20 Billion In Fund For Oil Spill
Wednesday, June 16, 2010 - 2:37pm | 145Finally, BP (BP) investors have some cost certainty. The oil giant has apparently agreed to set aside $20 billion dollars in a fund to help repay oil spill victims. This money will be used to pay fishermen, oil rig employees, and other workers whose livelihood has been affected by the oil spill....
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Oil-Service Stocks Lead Gains In Energy Sector
Wednesday, June 9, 2010 - 2:18pm | 286The energy sector is up today, led by drilling shares. Gains poured in as the Interior Department allowed drilling to resume in shallow waters with new safety regulations. The Philadelphia Oil Service Index (OSX) rose 1.6% to 166 and the NYSE Arca Natural Gas Index (XNG) jumped 1% to 514. The NYSE...