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  • NEW ORLEANS— More than five years after the worst offshore oil spill in U.S. history fouled beaches, coated seabirds in thick goo and threatened delicate marshes, BP has agreed to pay a record settlement to affected states in hopes of bringing an end to a legal drama that has cost the company billions. Federal and state government officials touted the...

  • NEW ORLEANS— Most of the $18.7 billion proposed settlement that BP reached over its 2010 Gulf of Mexico oil spill would go to five Gulf Coast states, if the deal is approved by a judge. Florida would receive $3.25 billion, with about $2 billion for economic loss and the rest distributed throughout the state to environmental projects such as beaches and piers.

  • HOUSTON, July 2- 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. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act...

  • HOUSTON, July 2- BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history. It also seeks to resolve environmental and economic damage claims by Louisiana, Mississippi, Alabama,...

  • July 2- BP Plc's agreed to pay out $18.7 billion to the U.S. government and five coastal states to settle damages claims from the 2010 Gulf of Mexico spill. The following are details of the payouts and reaction from officials in Alabama, Florida, Louisiana, Mississippi and Texas:. LOUISIANA: The hardest state because of its proximity to the spill will receive more...

  • Foundations for first US offshore wind farm head for RI Thursday, 2 Jul 2015 | 11:04 AM ET

    PROVIDENCE, R.I.— Five massive structures that will be attached to the ocean floor for the nation's first offshore wind farm are coming to Rhode Island. Deepwater Wind is building a five-turbine wind farm off Block Island, with the ability to power 17,000 homes as early as next year. Grybowski said he's anxious to see the first one touch the seabed— or, as it's known in...

  • July 2- BP has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico oil spill. PAVEL MOLCHANOV, ANALYST AT RAYMOND JAMES:. "The total amount-- $18.7 billion-- obviously is a massive payout, but it's spread over 15 to 18 years, making it quite manageable from a cash flow standpoint.

  • TIMELINE-BP oil spill, litigation at a glance Thursday, 2 Jul 2015 | 10:34 AM ET

    Sept 4- BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said. *April 20, 2010, RIG EXPLODES: An explosion on the Deepwater Horizon oil rig at the Macondo exploration well kills 11 workers and releases...

  • July 2- BP Plc has reached a comprehensive $18.7 billion settlement with the U.S. government and five states, a landmark deal that effectively ends years of litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico spill. Clean Water Act fines and natural resources damages, along with claims by Alabama, Florida, Louisiana,...

  • July 2- BP said it has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico spill. BP said the agreement covered claims from the states Of Alabama, Florida, Louisiana, Mississippi and Texas and 400 local government entities. Florida's Attorney General said her state's economic damages...

  • NEW ORLEANS— BP and five Gulf states announced a record $18.7 billion settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy giant's oil spill in 2010.. When the Deepwater Horizon oil rig exploded in April 2010, it killed 11 people and spread miles of black oil across the Gulf Coast before the...

  • NEW ORLEANS— Gulf states reach $18.7 billion settlement with BP over 2010 Deepwater Horizon oil spill.

  • LOS ANGELES— The Miss USA pageant, left without a TV home following blowback against co-owner Donald Trump over his comments on Mexican immigrants, has been rescued by the Reelz channel. Reelz CEO Stan E. Hubbard said in a statement Thursday that the cable and satellite channel acquired the rights because of a belief that the pageant and the women who compete in it "...

  • And it means the Baton Rouge, Louisiana resident will be paying roughly $2,580 in interest over the life of the roughly $25,000 loan. About 30 percent of all new vehicles financed in the first three months of the year were purchased with loans ranging from just over six to seven years, according to Experian Automotive. People are hanging on to their cars for longer...

  • *Appomattox project set to start production by end of decade. LONDON, July 1- Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices. The decision to pour billions of dollars into the Appomattox project comes as...

  • NEW YORK— Rapper Flo Rida, the Macy's department store chain and HGTV "Property Brothers" star Jonathan Scott all had something in common on Wednesday: They're the latest to distance themselves from Donald Trump following his remarks about Mexican immigrants. Flo Rida had been the highest-profile performer scheduled for Miss USA in Baton Rouge, Louisiana, and...

  • Colleges brace as top court weighs race in admissions Wednesday, 1 Jul 2015 | 10:35 AM ET
    The U.S. Supreme Court Building in Washington.

    After SCOTUS said it would revisit an affirmative action case, colleges expressed concerns about the potential costs of replacing diversity programs.

  • LONDON, July 1- Royal Dutch Shell has given the green light for the development of the Appomattox deepwater oil and gas field in the Gulf of Mexico, set to be the energy giant's largest floating platform in the region. Shell holds a 79 percent stake in the project while Nexen Petroleum, a wholly owned subsidiary of China's CNOOC, holds the remaining 21 percent.

  • June 30- A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday. The 5th U.S. Circuit Court of Appeals in New Orleans agreed with a lower court judge's decision last June to throw out the defendant Kurt Mix's December 2013 conviction.

  • Appeals court: Former BP engineer should get new trial Tuesday, 30 Jun 2015 | 1:58 PM ET

    NEW ORLEANS— A former BP engineer is entitled to a new trial on an obstruction of justice charge stemming from an investigation of the 2010 Gulf of Mexico oil spill, a federal appeals court ruled Tuesday. The 5th U.S. Circuit Court of Appeals upheld a lower court ruling that granted Kurt Mix a new trial because of jury misconduct in his 2013 trial.