Stocks In Focus: BP, LDK, JASO
Thursday, July 08, 2021 8:29 AM

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BP Plc (NYSE: BP) is pushing to fix its runaway Gulf oil well by July 27, possibly weeks before the deadline the company is discussing publicly, in a bid to show investors it has capped its ballooning financial liabilities, The Wall Street Journal reported Thursday. The July 27 target date is the day the company is expected to publish second-quarter earnings and will speak to investors. Shares of the British energy giant rose more than 1% in pre-market trading.

LDK Solar Co., Ltd. (NYSE: LDK) announced Thursday that it has signed a contract to supply solar modules to the Power Systems division of Italy-based ABB SpA, a subsidiary of ABB Group (NYSE: ABB). Under the terms of the agreement, LDK Solar will deliver 13 megawatts (MW) of solar modules to ABB in the third quarter of 2010. A wider cooperation agreement is under negotiation to supply ABB with larger volumes of solar modules in the remainder of 2010 and 2011. "We are very excited to commence a relationship with ABB Group. This relationship will allow LDK Solar to take advantage of the wealth of solar opportunities that ABB has developed in Europe," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "This sales contract with ABB demonstrates our continued momentum in growing our module business, specifically with European customers." Shares of the company rallied more than 2% in pre-market trading.

JA Solar Holdings Co., Ltd. (NASDAQ: JASO) on Thursday announced that it has entered into supply agreements with Solar-Fabrik AG. Under the terms of the agreements, JA Solar is expected to supply Solar-Fabrik with approximately 70MW of photovoltaic products. Shipment has already started and will continue through the end of 2010.

Disclosure: Author doesn’t own any of the stocks discussed here.

 

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  • Ga. pastor spent a generation building megachurch Sep 23, 2021 08:28 PM

    • ATLANTA - Bishop Eddie Long built his congregation into a megachurch empire, telling his followers God wanted them to be wealthy and delivering fiery sermons with a secular swagger.
    • On Sunday mornings, Long is usually draped in regal robes and dripping with diamonds and platinum - the kind of material rewards he often says are in God's plan for those listening.
    • And his 25,000 followers aren't about to let it all come tumbling down after the three men filed lawsuits claiming the bishop abused his spiritual authority.
      • Democrats delay vote on extending Bush tax cuts Sep 23, 2021 08:28 PM

        • WASHINGTON - Senate Democratic leaders decided Thursday to delay a vote on preserving soon-to-expire middle class tax cuts until after congressional elections in November.
        • President Barack Obama has made extending the cuts a priority, and Senate Majority Leader Harry Reid tried to forge a consensus among fellow Democrats to pass a bill before voters choose their congressmen and senators on Nov. 2.
        • A last-minute, or lame duck, session of the House and Senate is set to begin Nov. 15 with a few new faces and perhaps a far different political outlook after an election in which Republicans are expected to make significant gains, even possibly enough to gain control of the House or Senate, or both.
          • GOP, Democrats offer dueling governing plans Sep 23, 2021 08:28 PM

            • WASHINGTON - These are two remarkably different visions for governing America.
            • President Barack Obama and Democrats want tax cuts for the middle class, more stimulus spending and an end to the outsourcing of U.S. jobs.
            • With Thursday's release of the GOP's "Pledge to America" - a strongly worded manifesto promising to return government to the people, trim it through deep spending cuts, and refocus it on defense and tax cuts - the two parties have laid out deeply contrasting agendas for the next two years.
              • Bugs in baby formula? Parents worried about recall Sep 23, 2021 08:22 PM

                • Worried parents have bombarded the maker of Similac with phone calls and peppered Facebook and Twitter pages over fears about insects in the top-selling baby formula after millions of cans were recalled.
                • But the company said Thursday it's unlikely any of the formula already sold is tainted, and doctors offered more reassurance: Even if babies drink bug-tainted formula, the chance for serious harm is slim.
                • North Chicago, Ill.-based Abbott voluntarily recalled 5 million cans and plastic containers of Similac powdered formula only as a precaution after small common beetles were found at its Sturgis, Mich., manufacturing plant, said company spokeswoman Kelly Morrison.
                  • Cop: Home invasion suspects texted hours before Sep 23, 2021 07:28 PM

                    • NEW HAVEN, Conn. - Two Connecticut men charged with killing a woman and her two daughters in a 2007 home invasion exchanged text messages hours before in which one said he had to put his own child to bed, an investigator testified Thursday.
                    • State police investigator John Farnham testified at the trial of Steven Hayes that Hayes and Joshua Komisarjevsky (koh-mih-sar-JEV'-skee), texted each other the evening of July 22, hours before the attacks in Cheshire.
                    • Farnham said Hayes messaged Komisarjevsky that he was "chomping at the bit to get started."

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