Feb 5- BP Plc has tallied up claims made by states and local governments on the U.S. Gulf Coast for economic and property damages from the Macondo oil spill, and come up with a figure of $34 billion, which it deems "substantially" overstated.
*Louisiana pushing back against BP efforts to settle. BP could be nearing a settlement of federal claims with the U.S. Department of Justice, but people tracking the case closely say the company and coastal states, especially Louisiana, might still be far apart.
Jan 30- Wall Street creditors on Wednesday asked a U.S. judge overseeing America's biggest municipal bankruptcy to knock down a legal hurdle keeping them from pushing Alabama's Jefferson County for higher sewer rates to service $3.14 billion of defaulted debt.
*BP still faces civil penalties and state claims. *BP has 60 days to submit remedial plan to U.S. authorities. Jan 29- A U.S. judge accepted an agreement by BP Plc to plead guilty for its role in the Deepwater Horizon disaster and pay a record $4 billion in criminal penalties for the worst offshore oil spill in U.S. history.
NEW YORK, Jan 27- U.S. stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The Standard& Poor's 500 Index is up 5.4 percent this year and above 1,500- climbing to the spot where Wall Street strategists expected it to be by mid-year.
NEW YORK, Jan 25- U.S. stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The Standard& Poor's 500 Index has gained 5.4 percent this year and closed above 1,500- climbing to the spot where Wall Street strategists expected it to be by mid-year.
NEW YORK, Jan 25- U.S. stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The Standard& Poor's 500 Index has gained 5 percent this year- climbing to the spot where Wall Street strategists expected it to be by mid-year.
Jan 24- A U.S. judge overseeing America's biggest municipal bankruptcy on Thursday turned down a request by Wall Street creditors for documents used by policymakers in Alabama's Jefferson County to set sewer-system rates creditors say are too low.
Siderúrgica Nacional SA have emerged as leading bidders for steel mills ThyssenKrupp AG is trying to sell in the United States and Brazil, a source close to the deal said on Thursday.
*ThyssenKrupp shareholders' meeting due on Friday. FRANKFURT, Jan 16- Some ThyssenKrupp AG investors have seized on big losses and scandals to call for the German steelmaker's chairman to step down but he has the backing of the biggest shareholder.
*Democrats try to blunt Republican advantage on debt limit.
The third-biggest automaker in the United States after GM and Ford is expecting to sell about 2.2 million vehicles this year, up about 6 percent from a year ago, Jim Lentz, the President and Chief Executive of Toyota Motor Sales, U.S.A. said at the Detroit auto show.
*Moody's set $5 bln debt reduction target in Aug. But Moody's cut the steelmaker's credit to junk status in November anyway, though Steve Oman, Moody's lead analyst for EMEA steel corporates, said the agency was then aware of ArcelorMittal's latest cash-raising efforts. Now Moody's says ArcelorMittal needs to cut more to avoid a further drop.
WASHINGTON, Jan 10- As Republicans in the U.S. Congress struggle to find a strategy for forcing big spending cuts on President Barack Obama, some conservative voices are warning against taking the country to the brink of a debt default as the strategy for winning the budget wars.
BRUSSELS, Jan 10- ArcelorMittal has raised a bigger-than-expected $4 billion selling shares and convertible bonds to strengthen its balance sheet, leaving the world's largest steelmaker better placed to cope with tough markets.
In its first disaster declaration of the new year, the Agriculture Department made growers in large portions of four major wheat-growing states- Kansas, Colorado, Oklahoma and Texas- eligible for low-interest emergency loans. Kansas was the No. 1 state at 382 million bushels. In all, USDA listed 597 counties in 14 states as natural disaster areas.
*Credit at junk rating with S&P, Moody's, Fitch. *Moody's says no immediate impact, demands more. BRUSSELS, Jan 9- ArcelorMittal SA, the world's largest steelmaker, will issue $3.5 billion of shares and convertible notes to sharply reduce the heavy debts that led to a cut in its credit rating to "junk" status.
*AT&T drags on S&P after announcing phone sales. Shares of AT&T Inc dropped 1.7 percent to $34.35, making it one of the biggest drags on the S&P 500, after the company said it sold more than 10 million smartphones in the quarter. Providers like AT&T pay hefty subsidies to handset makers so that they can offer discounts to customers who commit to two-year contracts.
*AT&T drags on S&P after announcing phone sales. AT&T Inc stock dropped 1.5 percent to $34.42, making it one of the biggest drags on the S&P 500, after the company said it sold more than 10 million smartphones in the quarter.