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Hosts, Reporters and Producers
NPR Story
6:10 am
Tue February 5, 2013
Business News
By editor
Originally published on Tue February 5, 2013 1:47 pm
Transcript
(SOUNDBITE OF MUSIC)
RENEE MONTAGNE, HOST:
NPR's business news starts with a slip for BP.
(SOUNDBITE OF MUSIC)
STEVE INSKEEP, HOST:
The British oil company, BP, announced its 4th quarter earnings today, and its net profit was about a billion dollars lower than a year earlier. BP has been shrinking as assets have been sold off to pay for its liabilities tied to the 2010 Gulf of Mexico oil spill.
MONTAGNE: Billions more could flow out of the company this year. A civil penalties trial is due to begin in New Orleans later this month. Transcript provided by NPR, Copyright NPR.