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By Jason Stipp | 06-11-2010 10:26 AM

Firms Trying to Beat the Heat

Morningstar markets editor Jeremy Glaser takes the temperature of several firms on the hot seat.

Jason Stipp: I'm Jason Stipp with Morningstar and welcome to the Friday Five. As it starts to warm up outside, lots of folks are going out and feeling the heat, but some folks in Corporate America are really feeling the heat.

Here with me to talk about who is trying to beat the heat is Morningstar markets editor, Jeremy Glaser. Jeremy, thanks for joining us.

Jeremy Glaser: You are welcome, Jason.

Stipp: So, what do you got for the Friday Five this week?

Glaser: Well, this week we'll see even more heat being put on BP, Goldman Sachs and the rest of the big banks. CVS is finding itself in a little bit of a pickle. And finally, the regulators are turning their eye towards Apple and putting the heat on there.

Stipp: Well, it's no surprise that BP is continuing to feel the heat, but it really got cranked up this week. What have you seen there?

Glaser: It's absolutely right, Jason. BP has been under pressure for quite a few weeks now. But even as they finally have been able to contain some of the oil that's spilling into the Gulf, the rhetoric is actually stepping up in Washington. There is now talk that it's unconscionable for BP to continue to pay its dividend, that they are going to have to have essentially unlimited liability for the entire Gulf spill, including lost wages for the people who are on offshore platforms or for fisherman who aren't going to be able to do their job because of the oil spill. I think that the costs were pretty uncertain before, and I think that uncertainty just continues to grow, even as less oil is being spilled into the Gulf every day.

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