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Investors cheer for BP CEO's departure

07-27-2010 13:45 BJT

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Investors cheered Hayward's expected departure, sending BP shares up nearly 5 percent in London and New York, even though the company is expected to report large losses on Tuesday.

BP has lost 40 percent of its market capitalization since the April 20th blast on a drilling rig that killed 11 workers, and started the spill that hit about 39 percent of the coast that stretches from Brownsville, Texas, to the Florida Keys.

Editor:Xiong Qu |Source: CNTV.CN

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