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BP shares gain as market awaits Hayward decision

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NEW YORK (AP) -- BP shares are up more than 5 percent as the market anticipates a formal announcement of CEO Tony Hayward's departure.

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A U.S. government official said Sunday that Hayward is on his way out as BP tries to repair the company's image after the Gulf of Mexico oil spill. BP said earlier that "no final decision" has been made about management changes.

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