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. 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.
- 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.
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.
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.
- 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.