Monday, July 26, 2010

BP board to rule on fate of CEO Hayward Monday

Date: Mon, 26 Jul 2010 12:01:00 -0400

BP BOARD TO RULE ON FATE CEO HAYWARD MONDAY
BP will debate the fate of embattled Chief Executive Tony Hayward at a
board meeting this evening but stressed that no final decision has
been made.

U.S. STOCK GAINS HAVE DOW ERASING 2010 LOSSES
U.S. stocks climb for a third session, lifting the Dow industrials
back into positive territory for 2010 after the government reports
new-home sales rose in June and shipper FedEx Corp. hikes its outlook.

S&P 500 ETF MAY BE SENDING BEARISH SIGNAL
Investors are hoping a summer rally will revive their battered stock
portfolios, but the recent action in a key exchange-traded fund
tracking the Standard & Poor's 500 Index suggests a troubling lack of
buyer conviction.

BANKS DRIVE GAINS IN EUROPEAN STOCK MARKETS
Investors take their first chance to react to news that only a handful
of lenders failed the European stress tests.

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