Associated Press: The chairman of BP’s board said Wednesday that the oil company will suspend its quarterly dividend as part of its commitments to compensate victims of the Gulf oil spill. BP Chairman Carl-Henric Svanberg made the announcement Wednesday after emerging from the White House where he and other BP executives met for four hours with President Barack Obama. BP shares jumped as Svanberg spoke and were up 3.6 to $32.53 in afternoon trading in New York. BP said in a statement that it has …