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BP share price soars after company says it can handle spill costs

BP insisted Tuesday it can cope with soaring oil spill costs without asking shareholders for cash, as tar balls washed ashore in Texas, the fifth and final Gulf coast state to be affected. The company’s announcement that it would not sell additional shares drove BP’s stock price 9 percent higher…

‘Not enough money in world’ to pay every spill claim: oil fund czar

The prominent US lawyer managing BP’s 20-billion-dollar oil disaster fund said Wednesday not all claimants will be paid, especially some of those seeking compensation for falling houses prices. “There’s not enough money in the world to pay every single small business that claims injury no matter where or when,” Kenneth…