Wednesday, June 16, 2010

The Market Likes BP's New Fund & Dividend Suspension

...Or so it seems from the fact that BP's stock opened at $29.90 and closed at $31.85, up $1.95 and both the Dow Jones (10.409.46, up 4.69 points) and the NASDAQ (2,305.93, up 0.05 points) markets closed higher after BP execs met with President Obama and announced they would suspend dividends and set a fund for oil spill claims.

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