Tuesday, June 8, 2010
BP's Survival in Doubt After Gulf Oil Spill
There's still no end in sight for the catastrophic oil leak in the Gulf of Mexico . But increasingly there appears to be one for the corporation responsible for it. Several analysts have said this week that BP's existence is in jeopardy. Shareholders, meanwhile, continue to stampede toward the exits, though the stock rose in London Friday on news that BP officials are "confident" the latest cap will at least stem some of the oil.
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