Will the oil spill bankrupt BP?
BP has promised to clean up “every drop” of the spill. This is an expensive prospect, which has prompted business analysts to advise investors to sell their BP stock. With the cleanup costs and the possibility of litigation, investors may be betting that BP is going down. However, is the company facing banrkruptcy? The New York Times Wall Street and finance reporter Louise Story reports on Wall Street’s reaction to the crisis.
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