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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Jan 14, 2013 at 03:32

Citywire Top Stocks Daily News Digest

All the news from across the web about the companies featured in Citywire's Top Stocks

BP PLC

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  • gCaptain: BP is seeking a reduction of as much as $3.4 billion in the fine it may have to pay for pollution caused by the 2010 Gulf of Mexico oil spill
  • 9WSYR: Phil Cochrane, an executive with BP Alaska, says the company plans to add two new rigs on the North Slope this year but won't search for or produce new sources of oil
  • Bloomberg: TNK-BP’s spending on East Siberia’s Verkhnechonsk oilfield has increased to $3 billion
  • The Business Times: BP’s 400,780 barrel per day Texas City, Texas, refinery reported an increase in the particulate matter released from the gasoline-producing Fluidic Catalytic Cracking Unit No 1 on Saturday

Diageo PLC

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  • Herald Scotland: Diageo’s drive to take control of India’s United Spirits is being held up by objections by the Indian regulator that could push up the £1.3 billion price tag

First Quantum Minerals PLC

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  • MarketWatch: Vancouver-based miner First Quantum Minerals has accused Inmet Mining of trying to sabotage the $5.17 billion takeover offer it has made for its Canadian rival
  • MarketWatch: Leucadia National Corp, the largest shareholder in Inmet Mining, said it will tender its Inmet stake to First Quantum Minerals’s takeover offer

GlaxoSmithKline PLC

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  • The Daily Telegraph: GlaxoSmithKline has been accused of "corporate greed" by a small business group for extending the amount of time it takes to pay its suppliers to up to three months

HSBC Holdings PLC

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  • Bloomberg: HSBC Holdings's private bank advised clients to not add money to Steven A Cohen's SAC Capital Advisors LP amid a US government insider-trading investigation into the hedge fund

Lloyds Group PLC

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  • The Daily Telegraph: Lloyds Banking Group's chief executive, Antonio Horta-Osorio, is set to receive a £4 million bonus this year despite a forecast loss at the taxpayer-backed bank

Royal Dutch Shell Plc

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  • Fox Business: Shell Oil shut an alkylation unit at its oil refinery in Martinez, California, after discovering a leak in a propane line at the unit's reactors, a filing made public on Saturday said
  • Fox Business: Shell’s plans to continue to explore Arctic waters for oil this year hinge on how quickly it can repair an oil rig damaged last week off the coast of Alaska, according to analysts

Tullow Oil PLC

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  • Financial Times: Tullow Oil has blamed an enforced shutdown of production at one of its remaining UK assets in the North Sea for a “slight shortfall” in production that averaged 79,000 barrels of oil equivalent a day last year as against the forecast of 80,000-84,000 boe/d
  • Bloomberg: Tullow Oil more than doubled write-offs in 2012 on unsuccessful wells in Guyana, Suriname and Ghana

Vodafone Group PLC

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  • Wall Street Journal: Senior Indian tax officials plan to meet with representatives of Vodafone Group this week to try to resolve a tax dispute with the British company

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