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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…

‘Top kill’ has failed, BP admits

UPDATE: ‘No change’ in flow of oil, BP exec says Oil giant BP admitted on Saturday that its fourth attempt to stop the oil leak at the Deepwater Horizon — known as “top kill” — has failed. “I don’t think the amount of oil coming out has changed,” BP’s chief…