LONDON - BP PLC's incoming Chief Executive Robert Dudley and the man he will succeed, Tony Hayward, are heading to Russia this week to build bridges with investors and the government, barely two years after Dudley was thrown out of the country in a corporate dispute.

NEW YORK - BP shares dipped 2 percent Tuesday after the company announced plans to shed more assets to pay for the Gulf of Mexico oil spill.

MOSCOW - Tony Hayward is poised to move to a new job as a non-executive board member with few direct responsibilities at BP PLC's Russia venture, TNK-BP.

ATLANTA - The utility Southern Co.
BP replaces CEO Hayward, reports $17 billion loss
NEW ORLEANS - The American picked to lead oil giant BP as it struggles to restore its finances and oil spill-stained reputation pledged Tuesday that his company will remain committed to the Gulf region even after the busted well is sealed.
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