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Daily business news and economic stories
  • Political pressure is mounting on the Obama administration over the BP oil leak. Attorney General Eric Holder has announced a criminal investigation. But commentator Robert Reich says the White House needs to go even further.

  • The existence of BP is at stake depending on what happens with the massive Gulf oil leak. BP has already lost almost a third of its market value in the last six weeks, even though the cost of the Gulf oil spill so far has only added up to about a billion dollars for the company. Jeremy Hobson reports.

  • BP's falling prices mean it may be a candidate for takeover.

  • Recovery in disaster areas like those affected by the BP spill depend on tourists' perceptions.

  • It looks like BP's massive oil spill won't be stopped until August, when two relief wells are finished. That dire news has people who make their living from the Gulf rethinking their plans for surviving the spill. Nancy Marshall Genzer reports.

  • Cost estimates for BP spill surpass $3 billion; leak would total enough oil for four days' worth of travel for the cars and trucks on American roads.

  • President Obama gets a first-hand look at oil spill damage and BP tries new tricks as it continues "top kill" plug.

  • Today President Obama announced plans to suspend exploratory drilling in the Arctic, cancel a lease sale in the Gulf and off the Virginia coast, and continue the deepwater drilling moratorium. How will these new ground rules impact the domestic oil supply and companies that drill for it? John Dimsdale reports.

  • Latest effort to seal the spewing oil leak in the Gulf of Mexico is working so far, according to top officials leading the cleanup effort.

  • BP is trying yet another maneuver to plug the leaking oil well in the Gulf of Mexico. In the meantime, the government is under pressure to punish BP, but doesn't want to distract the company from the clean-up effort. Jeff Tyler reports.