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BP reaches $18.7 billion settlement over deadly 2010 spill

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

Regulatory rebuffs could force GE to seek other deals, more buybacks

- U.S. and European regulatory resistance could force General Electric Co to seek another buyer for its appliances business and different paths to expand its industrial operations in an ongoing strategic overhaul.

3:58pm EDT

Heinz completes Kraft purchase, Buffett joins board

- H.J. Heinz Co on Thursday completed its purchase of Kraft Foods Group Inc , creating the third largest food and beverage company in North America and fifth largest worldwide.

5:00pm EDT

Brazil probes currency market activity of 15 global banks

SAO PAULO/BRASILIA - Fifteen of the world's largest banks are under investigation on suspicion of rigging the Brazilian currency, antitrust watchdog Cade said on Thursday, the first such probe in one of the busiest foreign exchange markets globally.

Top U.S. regulator expects action on Fiat Chrysler over recalls

WASHINGTON - The top U.S. auto safety regulator said on Thursday he will move quickly to take action in response to Fiat Chrysler Automobiles NV's mishandling of recalls involving up to 11 million vehicles.

FTC approves Dollar Tree's takeover of Family Dollar

- Dollar Tree Inc was given the go-ahead to buy Family Dollar Stores Inc by the U.S. Federal Trade Commission on condition that they sell 330 Family Dollar stores, putting to rest a year-long merger saga.

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