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04 Jan 2011 10:15

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Biz: New year, new life: BP’s stock soaring today for some reason

  • 5.6% increase in BP’s troubled stock today alone source
  • » It’s at its highest level in six months. But why? Two things. First off, the cost of BP’s compensation payouts is expected to be much less than first thought, and, secondly, BP could be the target of a takeover. After the year they’ve had, it might be a respite or something.