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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...

  • Health Net and BP are big market movers Thursday, 2 Jul 2015 | 4:29 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Health Net Inc., up $6.51 to $71.57. The managed health care services company is being bought by Medicaid coverage provider Centene Corp. for about $6.3 billion.

  • 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...

  • Europe ends mostly lower as Greek standoff weighs Thursday, 2 Jul 2015 | 11:30 AM ET
    Greek Prime Minister Alexis Tsipras during a parliamentary session in Athens, June 28, 2015.

    European equities closed mostly lower on Thursday, as investors awaited a high-profile referendum in Greece over the weekend.

  • 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...

  • China stocks plunge as market rout deepens Thursday, 2 Jul 2015 | 10:25 AM ET

    NEW YORK— Stocks ended a tumultuous trading week with slight losses Thursday as investors sought safety ahead of an extended holiday weekend. Investors bought at the opening of trading after a Labor Department report on job creation suggested the economy was improving, though not so fast as to raise the specter of inflation and higher interest rates.

  • 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,...

  • BP to settle Deepwater Horizon claims for $18.7B Thursday, 2 Jul 2015 | 9:29 AM ET
    Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon in the Gulf of Mexico on April 21, 2010.

    BP has reached an agreement with the United States and affected state governments to settle damages claim from the Gulf of Mexico oil spill in 2010.

  • 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...

  • BP pays up Thursday, 2 Jul 2015 | 9:00 AM ET
    BP pays up

    BP will pay $18.7 billion to settle Deepwater Horizon oil spill claims by five states and the federal government.

  • July 2- BP Plc has reached an agreement with the United States and affected state governments to settle damages claim from the Gulf of Mexico oil spill in 2010, Bloomberg reported. The terms of the agreement are not available, Bloomberg said, citing a person with knowledge of the matter. A BP spokesman contacted by Reuters declined to comment.

  • WASHINGTON— Official: No evidence of shooting, no arrests or weapons after report of shots at US Navy site.

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

  • Early movers: HNT, TSLA, POT, AN, FDO, GE & more Thursday, 2 Jul 2015 | 7:53 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • SEOUL, South Korea— Global stocks were higher on Thursday as expectations for solid U.S. jobs data overshadowed worries about Greek debt. Britain's FTSE 100 was up 1.3 percent to 6,607.79 and France's CAC 40 jumped 2 percent to 4,885.45. The Institute for Supply Management, a trade group of purchasing managers, said its manufacturing index rose to the highest...

  • Halfway through the Halftime Portfolio challenge Wednesday, 1 Jul 2015 | 4:28 PM ET
    Halftime Portfolio: Comeback plan

    Halfway through the Halftime Portfolio competition. All but two competitors are outperforming the S&P 500 so far.

  • 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.