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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...

  • DALLAS— Southwest Airlines says it has a tentative contract agreement with the union representing its flight attendants. The union said the deal would keep Southwest's flight attendants the highest-paid in the industry. Dallas- based Southwest Airlines Co. had 11,850 flight attendants as of last Dec. 31, according to a regulatory filing.

  • July 2- 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. The stores spread across 35 states, which Dollar Tree has offered to sell to private equity firm Sycamore Partners, has to be sold within 150 days after the...

  • *Balance of influence between Washington, local interests. NEW YORK/ WASHINGTON, July 2- Efforts to fill top positions at some U.S. A bill passed in May by the Senate Banking Committee that Shelby chairs would strip the New York Fed's board of its power to appoint its presidents.

  • 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.

  • The oil rig count rise of 12 to 640 followed a six-month slump in activity that reduced the number of active rigs from a peak of 1,609 in October to a nearly five-year low last week, energy services firm Baker Hughes Inc said in its closely followed report. Drillers added rigs in all of the major U.S. shale oil basins- three in the Eagle Ford in South Texas, two in the...

  • 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,...

  • *Balance of influence between Washington, local interests. NEW YORK/ WASHINGTON, July 2- Efforts to fill top positions at some U.S. A bill passed in May by the Senate Banking Committee that Shelby chairs would strip the New York Fed's board of its power to appoint its presidents.

  • NEW YORK— Whole Foods Market has apologized to its shoppers for pricing issues in blog posts and emails, a week after a New York investigation found that the natural food grocer routinely overcharged for prepackaged fruits, vegetables and deli meats. Last week, New York's Department of Consumer Affairs said it was expanding its investigation after finding...

  • 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...

  • *Some caution prevails over long July 4 weekend, Greece and Iran. But with the Greek debt crisis unresolved and Iran nuclear talks pending, and Friday's U.S. The market is also expecting latest weekly estimate on the U.S. oil rig count from industry firm Baker Hughes at 1:00 p.m. EDT.

  • 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...

  • SAO PAULO, July 2- Brazilian police arrested Jorge Zelada, former head of Petrobras' international division, as part of an ongoing investigation into bribery and corruption at the state-run oil producer, prosecutors said on Thursday. Prosecutors said Zelada, who led the international division from 2008 to 2012, was suspected of receiving bribes on a drillship...

  • WASHINGTON— Loud but hardly universal catcalls from Republicans underscored the obstacles and opportunities ahead as U.S. and Cuban leaders announced an opening of embassies in Havana and Washington and a resumption of diplomatic relations severed the year President Barack Obama was born. Obama also called on Congress to lift the economic and travel...

  • JEFFERSON CITY, Mo.— Missouri utility regulators on Wednesday denied a company's request to construct a high-voltage power line in Missouri that was planned for a multistate wind energy project. Houston- based Clean Line touted the $2.2 billion project as a way to provide low-cost clean energy and jobs to Missouri, but landowners warned it would hurt farming...

  • JBS USA to buy Cargill pork business for $1.45 billion Wednesday, 1 Jul 2015 | 5:38 PM ET

    JBS USA, a division of Sao Paulo, Brazil- based JBS, and Cargill said Wednesday they have signed an agreement for the $1.45 billion transaction. JBS USA Pork Chief Operating Officer Martin Dooley says it's a strategic investment in the long-term growth of the company's U.S. pork business. Feed mills in Arkansas, Iowa, Missouri, and Texas are included, along with hog...