BP CEO Tony Hayward nears exit as spill work resumes

LONDON/HOUSTON (Reuters) – BP Plc has decided Chief Executive Tony Hayward should step down over his handling of the Gulf of Mexico oil spill and his departure could be announced in the coming days, sources close to the company said on Sunday. . . . → Read More: BP CEO Tony Hayward nears exit as spill work resumes

BP market losses hit $100 billion on spill cost fears

LONDON/VENICE, Louisiana (Reuters) – BP Plc stock hit a 14-year low on Friday and its credit weakened sharply on talk it needs extra cash to fund the clean-up and compensation bill for the worst oil spill in U.S. history. . . . → Read More: BP market losses hit $100 billion on spill cost fears