June, 2010
Top-killed
How much did the weekend’s Deepwater top-kill failure hurt BP? This much:
BP’s stock was down 11.4 per cent on the FTSE 100, as at pixel time. Ouch.
Is it all over for the Pru on AIA?
The latest on the Prudential/AIG/AIA saga came in the form of a terse statement from the US insurer and parent of the AIA Asian businesses on Tuesday (our emphasis):
American International Group, Inc.
Further reading…
Elsewhere on Tuesday (and over the holiday weekend),
- Why traders might be relieved that May is over.
- Oil slickonomics Part 6.
- John Mack had a very nice weekend.
- Is gold just another fiat currency?
- The US Treasury is out of step in the big shift on big banks.
Pink picks
Comment, analysis and other offerings from Tuesday’s FT,
Gideon Rachman: The west re-examines the rat race
If somebody loses their job, they sometimes also lose their bearings. A decision is made to take an entirely new direction in life:
Snap news
Breaking pre-market news on Monday:
- AIG rejects new offer from Prudential – statement.
- BP will install ‘enhanced’ LMRG cap on Deepwater spill in four days’ time – statement and statement.
- Whitbread denies plans to raise funds via equity issue – statement.