HOUSTON - BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history.
Recent Business News
- U.S. mattress maker Serta said it would not renew its licensing agreement with the Trump Organization, the latest company to distance itself from real estate developer and TV personality Donald Trump, after his comments insulting Mexicans.
LONDON - BP's $18.7 billion settlement over the 2010 Gulf of Mexico spill draws a line under years of uncertainty to allow it to focus once again on growth but could make it an acquisition target.
- U.S. health insurer Cigna Corp has had its first meetings with competitor Anthem Inc after it rebuffed Anthem's $47 billion merger proposal last month, a person familiar with the matter said on Thursday.
WASHINGTON - A mixed U.S. jobs report on Thursday may not give Fed chair Janet Yellen the "decisive evidence" of labor market recovery she wants to see before raising interest rates.
TOULOUSE, France - Airbus signed an agreement on Thursday to set up its second plant on Chinese soil in a deal that the European planemaker hopes will lead to lucrative new plane orders.