BP (BP) Could Pay 'Tens of Billions' More in Deepwater Horizon Civil Suit
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Market Wrap: Europe Enters Technical Recession; Fed's New Stress Test; Huge Buyback at the 'Bucks; Goldman's Promotion 'en masse'
November 15, 2012 5:44 PM ESTMarket wrap-up for November
End of the Day: S&P 500 down 2.2 to 1,353.33; Dow Jones down 28.6 to 12,642.38; Nasdaq down 9.9 to 2,836.94
The following is a brief summary of events moving markets today:Germany's getting angry, you guys: Europe continues to be in a slump and there appears no immediate way out. According to new data from the European Commission's statistics agency, GDP in the third-quarter slid 0.1 percent from the second-quarter, marking the second-straight quarter of... More
The Jury's Still Out on Transocean (RIG) after BP (BP) Settlment
November 15, 2012 3:27 PM ESTShares of Transocean (NYSE: RIG) have been on somewhat of a rollercoaster Thursday in light of BP's (NYSE: BP) $4.5 billion settlement with the DoJ over the Gulf oil spill.
BP did not admit Gross Negligence, which would have... More
BP (BP) to Pay $4 Billion to Settle Criminal Charges with U.S.
November 15, 2012 11:15 AM ESTBP PLC ADS (NYSE: BP) confirms settlement with United States government, subject to court approval, to resolve all federal criminal charges and all claims by the Securities and Exchange Commission (SEC) against the company stemming from the Deepwater Horizon accident, oil spill, and response.
"All of us at BP deeply regret the tragic loss of life caused by the Deepwater Horizon accident as well as the impact of the spill on the Gulf coast region," said Bob Dudley, BP's Group Chief Executive. "From the outset, we stepped up by responding to the spill, paying... More
BP (BP) Confirms Settlement with U.S., Will Pay $4B
November 15, 2012 11:09 AM ESTBP PLC ADS (NYSE: BP) confirms settlement with U.S. government.
As part of its resolution of criminal claims with the U.S. government, BP will pay $4 billion, including $1.256 billion in criminal fines, in installments over a period of five... More
BP (BP) Near Deal with U.S. on Gulf Oil Spill Settlement
November 15, 2012 6:44 AM ESTBP (NYSE: BP) confirmed it is in advanced talks with the United States related to a settlement of the Deepwater Horizon oil spill.
While terms of the settlement are not known, Attorney General Eric Holder is expected to make an... More
