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  • HOUSTON, Feb 3- It may be months before a final verdict is issued on the size of the fine BP Plc will pay under the Clean Water Act for its 2010 Gulf of Mexico oil spill, lawyers said on Tuesday after the last phase of the trial ended. U.S. District Court Judge Carl Barbier in New Orleans, Louisiana, is scheduled to receive post-trial briefs from government prosecutors...

  • U.S. Supreme Court rejects BP executive's appeal Monday, 26 Jan 2015 | 9:41 AM ET

    WASHINGTON, Jan 26- The U.S. Supreme Court on Monday declined to hear an appeal by a former BP Plc executive who contested whether he can be charged with obstruction of Congress for downplaying the severity of the 2010 Gulf of Mexico oil spill. Prosecutors say David Rainey misled members of Congress over the amount of oil spilled in the April 2010 Deepwater...

  • The threats against Delta Air Lines flight 1156, coming from Portland, Oregon, and Southwest Airlines flight 2492, from Milwaukee, were deemed credible, said airport spokesman Reese McCranie. No bomb was found aboard the Delta flight while the Southwest flight was still being searched by explosives units, Federal Bureau of Investigation spokesman Special...

  • HOUSTON/ LONDON, Jan 16- BP Plc will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion dollars less than feared, after a judge ruled that it was smaller than the U.S. government claimed. BP's stock rose 2.4 percent in London by 0920 GMT on Friday, outperforming the broader energy index, as investors worried...

  • HOUSTON, Jan 15- BP Plc will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion less than feared, after a judge found on Thursday the size of the spill was smaller than the U.S. government claimed. The ruling by federal magistrate Carl Barbier put the size of the worst offshore spill in U.S. history in 2010 at...

  • Jan 9- BP Plc and Anadarko Petroleum Corp narrowly failed to persuade a U.S appeals court to reconsider its 2014 ruling that they could face civil fines under federal pollution laws over the 2010 Gulf of Mexico oil spill. By a 7-6 vote, the 5th U.S. Circuit Court of Appeals let stand a three-judge panel's decision to uphold a 2012 ruling from U.S.

  • Home@ LONDON, Jan 7- A new year it may be but the London Metal Exchange will spend a large part of it grappling with the same old problems afflicting its global warehousing system. Waiting times to remove metal from log-jammed locations will have flexed out again over the course of December, given last month's large cancellations of aluminium at the Dutch port of...

  • The backlog to remove aluminium from Detroit, the most acutely impacted location, shrank by 30 days to 641 days, while the wait to remove other metals stuck behind the wall of aluminium fell from 111 to 93 days. A "flash" queue to load out zinc at New Orleans, meanwhile, almost disappeared in November, dwindling to just 10 days from 71 days at the end of September.

  • NEW YORK, Dec 12- "Will they or won't they?" Client notes from Goldman Sachs, Citi and Bank of America/Merrill Lynch this week deal with expectations for the removal of the wording, roughly agreeing that however close the call is, it is more likely than not that the phrase will go away. "They are going to remove it; I don't think is going to keep it in there just because of what...

  • US STOCKS-Wall St declines as oil tumbles further Friday, 12 Dec 2014 | 10:17 AM ET

    *WTI crude falls below $59 a barrel. NEW YORK, Dec 12- U.S. stocks dipped on Friday, putting the benchmark S&P 500 on track to snap seven weeks of gains, after oil prices slumped further. "It's all about the pendulum swing, it works both ways, you can see that $107 in the summertime was ridiculous and now you will see it in the opposite direction, probably towards the $50 range...

  • *Adobe up in premarket after results; to buy Fotolia. NEW YORK, Dec 12- U.S. stocks were set for a lower open on Friday, putting the benchmark S&P 500 on track to snap seven straight weeks of gains, after oil prices fell and Chinese data disappointed. "It's all about the pendulum swing, it works both ways, you can see that $107 in the summertime was ridiculous and now you will...

  • CHICAGO, Dec 10- Chicago opened a new front in the war on ridesharing services like Uber on Wednesday, approving a plan to sponsor an app for riders to hail local cabs. A union that has expanded into cab drivers and organized Chicago this year pushed hard for the package, which had the support of Mayor Rahm Emanuel. Uber declined to comment directly on the Chicago...

  • Dec 5- A federal judge has thrown out a whistleblower lawsuit by a former official of a unit of advertising company WPP Plc who claimed he was fired in retaliation for reporting accounting irregularities to his superiors. District Judge Gregory Woods in Manhattan said Daniel Berman, who was a finance director at WPP's NeozOgilvy LLC unit, did not qualify for...

  • Nov 13- A U.S. judge weighing how much BP Plc should be punished for the 2010 Gulf of Mexico oil spill on Thursday refused to overturn his own finding that the oil company's conduct was "grossly negligent." District Judge Carl Barbier in New Orleans means BP could still face close to $18 billion of penalties for violating the federal Clean Water Act.

  • Nov 5- CBS Corp, owner of the most-watched U.S. television network, reported a marginally better-than-expected quarterly profit and revenue, driven by higher distribution revenue from licensing its television shows. CBS, the home of shows such as "Madam Secretary," "Scorpion," and "NCIS: New Orleans," said advertising revenue grew nearly 2 percent to $1.55 billion in...

  • Oct 22- With the closest known U.S. cases of Ebola diagnosed about 160 miles away in Dallas, Cary Griffin is taking no chances. For many, the three cases of Ebola diagnosed in the United States so far since late September represent a new potential disaster and a reason to run to the store. Chad Huddleston, an anthropologist at the University of Southern Illinois at...

  • McDonald's campaigns against its junk food image Monday, 18 Aug 2014 | 4:08 PM ET

    At a dinner for media, McDonald's offered fine cuisine dishes as part of a campaign to shake its reputation for serving cheap, unhealthy food.

  • Business travel forecast slightly less upbeat Tuesday, 8 Jul 2014 | 7:00 AM ET

    Business travelers spent less money per trip in the second quarter, but it wasn't because prices went down, according to a new report.

  • PEOPLExpress tickets go on sale, asterisk included Wednesday, 4 Jun 2014 | 5:50 PM ET
    PEOPLExpress jet at Newport News/Williamsburg airport.

    A new Virginia-based airline will charge for overhead bin space, as well as all on-board beverages.

  • New airline, PEOPLExpress, to launch this summer Friday, 30 May 2014 | 10:05 AM ET
    PEOPLExpress airlines re-emerges.

    Reviving the name of an old low-cost airline, PEOPLExpress aims to offer service on routes that have disappeared amid consolidation.