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BP shares plunge as U.S. threatens new penalties

WASHINGTON (Reuters) - British energy giant BP Plc's stock price plunged to a 14-year low in U.S. trading on Wednesday amid concerns over its ability to meet mounting costs of the giant Gulf of Mexico oil spill.

WASHINGTON (Reuters) - British energy giant BP Plc's stock price plunged to a 14-year low in U.S. trading on Wednesday amid concerns over its ability to meet mounting costs of the giant Gulf of Mexico oil spill.

President Barack Obama's administration, getting tough as polls show public disapproval over its handling of the worst oil spill in U.S. history, threatened to impose new penalties on the company.

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