BP Plc is in talks to sell up to $12 billion of assets, including a stake in Alaska’s Prudhoe Bay, to Apache Corp to help pay for its Gulf of Mexico oil spill, The Sunday Times reported.
There is still talk that BP may have to file for bankruptcy if Gulf liabilities grow. The alternative are to sell debt, which several Middle East sovereign funds have show interest in, sell stock which current investors object to, or sell assets, which appears to be the road that BP is taking.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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