BP Shares Plunge Amid Bankruptcy Talk


Shares of British Petroleum (BP) have fallen substantially since the oil spill disaster as investors deserted the British company in droves. It has lost about 50% of its value since the incident on April 20 as talk of bankruptcy gathers pace. The company is also facing increasing pressure from the US government to use the money it originally allotted for dividends for compensation and even for unemployment payments for thousands of US workers whose livelihood has been affected by the oil spill.

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