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Top News & Analysis New Orleans


  • 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,...

  • 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...

  • June 6- Three more tendons designed to link Chevron Corp's Big Foot deepwater oil project to the Gulf of Mexico seabed have sunk, escalating concerns about how long it will take for the project to start. Gulf of Mexico, to produce 75,000 barrels of oil and 25 million cubic feet of natural gas per day once it opens. The San Ramon, California- based company said it had set...

  • June 3- Republican Louisiana Governor Bobby Jindal will make a "major announcement" about his 2016 plans in New Orleans on June 24, NBC reported. He has already made frequent visits to key primary states and launched a presidential exploratory committee, NBC said. Jindal, who is Indian American, has served as the governor of Louisiana since 2008..

  • BP wins right to appeal some Gulf spill claims Saturday, 9 May 2015 | 5:57 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.

    A U.S. court said BP deserves the right to appellate review of some damage claims awarded in connection with the 2010 Gulf of Mexico oil spill.

  • Dow’s auditor alleged ex-CEO misused company funds Wednesday, 6 May 2015 | 12:41 PM ET
    Andrew Liveris, chairman and chief executive officer of Dow Chemical Co.

    Former Dow CEO Andrew Liveris is accused of using his position to finance his lifestyle and boosting a charity that burnished his fame in Greece.

  • Durst charged with murder, may face death penalty Tuesday, 17 Mar 2015 | 10:25 AM ET
    In this handout provided by the Orleans Parish Sheriffs Office, OPSO, Robert Durst poses for a mugshot photo after being arrested and detained March 14, 2015 in New Orleans, Louisiana.

    New York real estate scion Robert Durst's HBO finale would likely be admissible evidence in a murder trial, legal experts said on Monday.

  • Mardi Gras goes on despite weather Tuesday, 17 Feb 2015 | 6:53 AM ET
    Mardi Gras goes on despite weather

    NBC News' Jay Gray reports on the big business of Mardi Gras from New Orleans, despite colder weather this year.

  • Marriott launches first AC brand hotel Monday, 8 Dec 2014 | 10:20 AM ET
    Marriott launches first AC hotel

    Arne Sorenson, Marriott International CEO & president, discusses Marriott's new hotel brand designed to attract young, design conscience, tech-enabled travelers to urban properties. The new hotel is in New Orleans.

  • Ebola docs disinvited from New Orleans meeting Wednesday, 29 Oct 2014 | 4:41 PM ET
    Health workers don protective equipment at the Island Clinic in Monrovia, Liberia.

    The Louisiana state health department wants doctors who treated Ebola patients to keep away from an upcoming tropical disease conference.

  • 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.