Transocean Rises After FBR Report on Spill Liability
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Transocean Ltd., the owner of the rig that exploded in the Gulf of Mexico in April, rose 6.4 percent after a report from FBR Capital Markets said the company’s liability for the accident may be less than expected.
Transocean, based in Vernier, Switzerland, climbed $3.52 to $58.82 as of 4:15 p.m. in New York Stock Exchange composite trading. The stock earlier touched $60.10. Before today, Transocean had dropped 40 percent since the April 20 incident.