Street Wire: BP Stock Plunges at Market Open

BP (BP) stock plunged 4.3%, or $1.45, to $32.52 at Monday's market open. U.S. listed shares in BP have fallen 46% since April because of the Gulf oil spill. BP is under pressure from the Obama administration to suspend its quarterly dividend and set up an escrow account to ensure billions of dollars remain at hand for clean up and damage costs related to the Gulf oil spill.
Read Full Story

Markets

DJIA 21,750.73 -274.14 -1.24%
NASDAQ 6,221.91 -123.19 -1.94%
S&P 500 2,430.01 -38.10 -1.54%
NIKKEI 225 19,472.02 -230.61 -1.17%
HANG SENG 27,344.22 -64.85 -0.24%
DAX 12,203.46 -60.40 -0.49%
USD (per EUR) 1.17 0.00 0.12%
USD (per CHF) 0.96 0.00 0.03%
JPY (per USD) 109.39 0.06 0.06%
GBP (per USD) 1.29 0.00 0.07%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.