escrow

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BP to Delay Dividend to Appease Obama

Money will be put in escrow until full cost of Gulf cleanup is clear

(Newser) - BP plans to defer its dividend in an effort to get the Obama administration off of its back, sources tell the Times of London. The money, which is expected to total about $2.5 billion, will be placed in an escrow account until the full cost of the Gulf disaster... More »

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