Investors are cheered by the fact the British oil giant's temporary cap is holding for now on that leaking oil well in the Gulf of Mexico. How is that going to bode for business going forward?
Sure, the new cap on BP's leaking oil well may have a chance of stanching the flow and all parties involved can breathe a sigh of relief, but after, what next?
BP's name is now forever identified with the worst environmental disaster in U.S. history. But in the U.K., the oil titan garners a bit more sympathy. Why? Stephen Beard reports.
BP has said it will pay for the oil disaster in the Gulf. And it's asking two partners to help. Anadarko Petroleum and Mitsui Oil Exploration own 35% the destroyed well. And BP contends they're liable for 35% of the costs. Krissy Clark reports the companies aren't necessarily reaching for their checkbooks.