BP Expects Gulf Compensation Claims Below $20 Billion

Oil giant BP (BP) believes that compensation claims related to the Gulf of Mexico oil disaster will be less than the $20 billion the company set aside to meet the claims, CEO Bob Dudley told analysts.

Dudley said “that given the current estimates of …

BP Expects Gulf Compensation Claims Below $20 Billion

Oil giant BP (BP) believes that compensation claims related to the Gulf of Mexico oil disaster will be less than the $20 billion the company set aside to meet the claims, CEO Bob Dudley told analysts.

Dudley said “that given the current estimates of …

Stock Market Keeps September Rally Going

Stocks closed higher Friday for the seventh time in the last eight sessions, helped by fewer jobless claims and a stronger-than-expected reading on wholesale inventories and sales. Volume was especially light at the end of the …