Gaffes prompt re-examination of BP CEO's record
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A series of scandals at oil giant BP   Plc's U.S. operations, has shaken investors' faith in its head   John Browne and prompted some to re-examine the record of a man   often rated among the world's most respected CEOs.
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BP says it has a zero tolerance policy with respect to industrial accidents, but the British energy giant has been accused time and again of cutting safety corners in the United States.
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WASHINGTON -- The first inspections of the Big Four accounting firms by the board overseeing the industry turned up significant problems in their audits of companies' books and quality control, but the findings don't constitute a &quot;broad negative assessment,&quot; an official said yesterday. .
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Two top US-based executives of British energy giant BP faced a harsh grilling from angry US lawmakers investigating recent Alaskan oil spills.
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WASHINGTON -- BP executives received stern warnings Thursday from members of Congress outraged at the company's admittedly deficient maintenance of leak-prone Alaskan oil pipelines.
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The head of the House Energy and   Commerce Committee chided BP Plc. BP.L executives on Thursday   for overlooking corrosion that threatened to shut down the   giant Prudhoe Bay oil field in Alaska, calling the UK-based   energy giant's policies "as rusty as its pipelines."
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PeopleSoft&#39;s board knew that CEO Craig Conway had erred in his comments, so it filed a corrected version of the meeting transcript with the Securities and Exchange Commission.
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British energy major BP has confirmed that it was facing a US investigation over whether the group had manipulated crude oil and motor fuel markets.
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Oil giant BP is being questioned over its role in the alleged manipulation of global crude oil and petrol markets in 2003 and 2004.
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A Texas congressman who brought a successful ethics complaint against House Majority Leader Tom Delay was himself rebuked by the ethics panel for violating the rules in the way he brought the complaint.
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Oil giant BP Plc BP.L said on Sunday   it had launched a root and branch review of its global   operations in response to a fatal explosion at its Texas City   refinery last year.
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The attorney for ousted Hewlett-Packard chairman Patricia Dunn fired back Wednesday at public comments made by board rival Thomas Perkins about theÂ HP pretexting scandal.
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Nice comps report. Too bad about the CEO.
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BP chief executive Lord Browne's pay packet shrinks for a second year, the oil giant's annual review shows.
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BP Plc BP.L this week will conduct   safety tests and seek government permission to restart part of   the eastern Prudhoe Bay oil field pipeline in Alaska that was   shut due to corrosion, the company told Congress on Tuesday.
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The chairman of the Securities and Exchange Commission yesterday defended the agency's record in pursuing corporate misconduct, rebuffing accusations that it may be tilting toward business interests.
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HOUSTON A former executive who participated in the wrongdoing that helped cripple Enron has testified, providing the first glimpse through the eyes of a principal of the deals orchestrated by Andrew Fastow when he was the company&#39;s chief financial officer