From the FINANCIAL TIMES:
BP’s shares suffered one of their steepest falls in its history on Monday, losing nearly 10 per cent of their value, as investors digested the fact that US lawmakers had hit the company with a bill for $20 bn and demanded a response by Friday…
While $20bn (£13.5bn) is a large amount even for a company of BP’s size, it should be affordable without too much difficulty…
Harry Reid, the Democratic majority leader in the Senate, made it explicit on Monday that “creating this account at this level in no way limits BP’s liability”…
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