Street Wire: BP's Stock Jumps Despite Dividend Talk

BP's (BP) stock rallied as much as 5% at one point during Friday trading, shrugging off remarks by CEO Tony Hayward that the energy giant could suspend its second-quarter dividend payment to quell political criticism of BP's handling of the Gulf oil spill.

BP's stock rose as much as $1.68 to $34.46 in late morning trading on the NYSE (NYX). BP's stock has gained more than 16% in the last two sessions, bringing its market cap back above $100 billion. BP's stocks was trading at about $60 before the Gulf oil spill.
Read Full Story

Markets

DJIA 26,743.50 86.52 0.32%
NASDAQ 7,986.96 -41.28 -0.51%
NIKKEI 225 23,869.93 195.00 0.82%
HANG SENG 27,638.73 -314.85 -1.13%
DAX 12,430.88 104.40 0.85%
USD (per EUR) 1.17 0.00 -0.06%
USD (per CHF) 0.96 0.00 0.14%
JPY (per USD) 112.59 0.07 0.06%
GBP (per USD) 1.31 0.00 0.00%