(Reuters) – BP Plc has failed to persuade a federal judge to oust the administrator overseeing payouts to businesses and individuals claiming damages arising from the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier in New Orleans on Monday reje... More »
HOUSTON/NEW YORK (Reuters) – A U.S. judge has decided that BP Plc was “grossly negligent” and “reckless” in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took fo... More »
NEW YORK (Reuters) – U.S. stocks ended down on Thursday, retreating from intraday records for the S&P and Dow, as a decline in energy shares sapped an earlier rally following the European Central Bank’s new stimulus measures. Analysts attributed the late-day p... More »
WASHINGTON (Reuters) – Standing on the lawn of the U.S. Capitol on Tuesday morning in the path of an early spring breeze, Renee Trautwein tearfully braced herself to relive the worst morning of her life. In a few hours, Mary Barra, the chief executive officer ... More »
WASHINGTON (Reuters) – U.S. lawmakers at a Senate hearing on Wednesday pushed financial regulators to speed up efforts to limit Wall Street’s role in physical commodities markets, pressing for a pivotal policy shift after a decade of deepening trade. A day ahe... More »
HOUSTON/LONDON (Reuters) – BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its well. Starting on Monday in New Orleans, this... More »
