BP under pressure as spill reaches White House

Date: Wed, 16 Jun 2010 12:00:52 -0400

BP UNDER PRESSURE. AS SPILL REACHES WHITE HOUSE
In its first reaction to President Barack Obama's nationally televised
address, BP commits to paying for cleaning up the Gulf of Mexico oil
spill but makes no mention of the independent escrow account Obama
demanded.

OBAMA CHASTISES BP, LAYS OUT SPILL STRATEGY
BP must set aside 'whatever resources are required' to pay back
workers and businesses damaged by the Gulf Coast oil disaster,
President Barack Obama says, both chastising the oil giant and laying
out a new energy strategy in the wake of one of the worst
environmental disasters in U.S. history.

BP WEIGHS ON ENERGY STOCKS, SUNOCO RALLIES
Energy stocks fell Wednesday as the blown-out well in the Gulf of
Mexico dominated headlines, oil prices fell and as shares of BP PLC
weighed on the sector.

WEDNESDAY'S BIGGEST GAINING AND DECLINING STOCKS
Stocks moving significantly in trading on Wednesday included Fifth
Street Finance, Nokia, Somanetics and Universal Travels.