Cash Flow For BP, But Investors Worry
(New York Times) — Although BP generates billions of dollars in profit every quarter, theoil spill in the Gulf of Mexico is rattling both government and investor confidence in the London-based oil giant’s ability to handle the economic consequences. As the administration continued to pressure BP on Monday to set aside money in a fund dedicated to paying spill damages, company’s directors met via teleconference to discuss the meeting on Wednesday between BP executives and President Obama.
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