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Bp Bankruptcy

Moody's Cuts BP Ratings, AGAIN

AP | Posted 05.25.2011 | Business

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BP's Worst Case Scenario

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

This outcome might seem far-fetched right now. But on Wall Street bankers have already coined a term for it: "the Texaco scenario." In 1987, Texaco...

Why the GM and Chrysler Bankruptcies Foreshadow Big Problems for the Gulf Cleanup

Christopher Weber | Posted 05.25.2011 | Green
Christopher Weber

When it comes to the all-important question of who pays, a bankrupt BP may quickly start to resemble GM and Chrysler, which have been criticized for insufficiently funding their cleanup obligations.

Can Alaska survive without BP?

Alaska Dispatch News | Posted 05.25.2011 | Green
Alaska Dispatch News

Since the oil started hitting the water in the Gulf of Mexico, BP has morphed into public enemy number one but, like it or not, Alaskans need the nation's archenemy.

A Dead-Serious Thought on BP

Chris Matthews | Posted 05.25.2011 | Politics
Chris Matthews

What is all this talk about the possibility of BP declaring bankruptcy? What would that do to the "legitimate" claims against it?

BP Now Valued At Less Than Its Assets

By BRIAN SKOLOFF and RAY HENRY | Posted 05.25.2011 | Business

GRAND ISLE, La. (AP) -- The financial toll of the oil spill disaster in the Gulf of Mexico escalated Wednesday as BP's stock plummeted to a 14-year lo...