BP plc (NYSE: BP) and Microsoft Corporation (NASDAQ: MSFT) fly down after jobless data

BP plc (NYSE: BP) has delayed the oil exploration off the coast of Libya

In brief: Microsoft Corporation (NASDAQ: MSFT) and BP plc (NYSE: BP) lose in value against the background of poor economic reports.

Microsoft Corporation (NASDAQ: MSFT) shares lost in value because of the bearish trend of the U.S. stock market. Microsoft Corporation shares to close 24.47 points, losing -0.39 (-1.57%). BP plc (NYSE: BP) was 38.28 points, decreasing by -0.51 (-1.31%).

British oil worker BP postponed a project to conduct oil exploration off the coast of Libya before the end of this year, as stated on the eve of a company representative David Nicholas. According to him, now BP is engaged in detailed development plans for future work. It should be noted that the estimated oil deposits off the coast of Libya can bring considerable profit company, however, say the experts, BP will not start drilling until then, had not yet completed a full investigation into the cause of the accident in the Gulf of Mexico.

Anrey Torbinski
2010-08-12 16:45, Economics.

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