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  • NEW ORLEANS— A federal judge says BP will begin paying up to $1 billion in settlements to compensate local governments across the Gulf Coast for lost tax revenue and other economic damages they blame on the company's 2010 oil spill. July 15 was the deadline for roughly 500 local governments in five states to decide whether to accept BP's settlement offers as...

  • Re-trial date to be set next week for ex-BP engineer Friday, 24 Jul 2015 | 5:12 AM ET

    NEW ORLEANS— A former BP engineer who won a new trial in a criminal case arising from the 2010 Gulf of Mexico oil spill is expected to learn the date of that trial next week. Federal prosecutors accused Kurt Mix of deleting text messages about the amount of oil flowing from BP's Macondo well after the Deepwater Horizon disaster. The New Orleans- based federal judge...

  • LONGVIEW, Texas— The biggest shipment ever received at the Port of Caddo- Bossier in Louisiana has reached its destination— a chemical plant in East Texas. An official with Eastman Chemical Company says the 303- ton piece of equipment arrived Thursday afternoon in Longview. The unit was made in Asia and hauled by barge from the Port of New Orleans to Shreveport, via...

  • Culinary tourists driving growth in US tourism Thursday, 23 Jul 2015 | 2:02 PM ET

    MILAN— Culinary tourists are pushing growth in foreign tourism to the United States, which is transforming its image as a fast-food mecca to a land of regional tastes and dishes, said officials visiting the Expo 2015 world's fair focusing on food this week. Foreign tourism to the United States in 2014 rose by 7 percent to over 75 million, contributing $221 million...

  • The Latest: NYC mayor denounces EU over immigration Tuesday, 21 Jul 2015 | 5:19 AM ET

    New York City Mayor Bill de Blasio has denounced the European Union for leaving Italy to deal with waves of immigrants coming from North Africa, saying the EU must come up with a Europe- wide immigration policy. De Blasio, whose grandparents emigrated from Italy to New York, said he was "deeply troubled by the lack of action by the European Union and the way that Italy...

  • LONDON, July 17- Whoever took all the lead out of the London Metal Exchange warehousing system in the second quarter has just been kind enough to return it. A total 50,475 tonnes of the heavy metal were placed on warrant in the South Korean port of Busan earlier this week. The International Lead and Zinc Study Group assesses lead as being in small 7,000- tonne...

  • WASHINGTON— Capitol Hill lawmakers from Louisiana have intervened on behalf of a New Orleans company that has failed to stop a decade-old oil leak in the Gulf of Mexico but lobbied for a refund of money reserved for spill containment work, according to letters obtained by The Associated Press through public records requests. Since December, at least four...

  • COLUMBUS, Ohio— Work to replace the deteriorated dam at Buckeye Lake could start as early as this year with a design that Ohio officials said Thursday could accelerate the project and potentially save money. The U.S. Army Corps of Engineers concluded the dam is at risk of failing, and the state has been looking at ways to replace it. John Kasich announced Thursday...

  • DURANT, Okla.— Calling the Internet a 21st century necessity, President Barack Obama on Wednesday unveiled a program to bring faster Internet connections to more low-income households, particularly to help students living in public and assisted housing stay ahead in school. It's a necessity, "Obama said in Durant, Oklahoma, on the first day of a two-day visit to...

  • NEW ORLEANS, July 14- Signal International will pay $20 million to settle lawsuits alleging fraud and labor trafficking by the Alabama oil rig repair company, which brought hundreds of Indian men to work on the Gulf Coast after Hurricane Katrina, attorneys for the plaintiffs said on Tuesday. "These workers have waited seven long years for justice," Jim Knoepp,...

  • NEW YORK/ LONDON/ HOUSTON, July 9- In early May, with its legal options dwindling and investors impatient, BP Plc saw a chance to negotiate what became a $18.7 billion settlement that ended five years of litigation over the worst offshore oil spill in U.S. history. An unexpected opportunity to secure a global deal that would wipe the slate clean of hundreds of claims...

  • 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 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.

  • 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,...

  • 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.

  • 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.

  • WASHINGTON, June 29- The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill. The high court left in place a June 2014 ruling by the New Orleans- based 5th U.S. Circuit Court of Appeals, which said the companies were liable for civil...

  • WASHINGTON, June 29- The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill.

  • June 18- The U.S. Department of Justice said on Thursday that 243 people have been arrested across the country, charged with submitting fake billing for Medicare, a government healthcare program, that totaled $712 million. The charges are based on a variety of alleged fraud schemes, the government said, including submitting claims to Medicare and Medicaid, the...