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BP to pay record $18.7 billion to states affected by spill

AP-heads-latest-OPEC - 9 min 52 sec ago
NEW ORLEANS (AP) — 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. (...)
Categories: Business News, Oil

$18.7B deal clears path for BP to close books on Gulf spill

AP-heads-latest-OPEC - 9 min 52 sec ago
NEW ORLEANS (AP) — Trying to close the books on the worst offshore oil spill in U.S. history, BP agreed Thursday to provide billions of dollars in new money to five Gulf Coast states in a deal the company said would bring its full obligations to an estimated $53.8 billion. (...)
Categories: Business News, Oil

How 5 Gulf Coast states will divide BP oil spill settlement

AP-heads-latest-OPEC - 9 min 52 sec ago
NEW ORLEANS (AP) — 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. A portion of the settlement is not assigned to any particular state. Here's how the state-specific money breaks down, with payments to states being made over nearly two decades: (...)
Categories: Business News, Oil

US stocks fall after Greek 'no' vote; European markets sink

AP-heads-latest-minute-business - 24 min 22 sec ago
NEW YORK (AP) — Stocks in the U.S. fell broadly in afternoon trading Monday following sharper drops in Europe and Asia as Greeks voted to reject the spending cuts and tax increases demanded by its creditors for additional loans. (...)
Categories: Business News, Latest

Greece's departing finance minister, brash to the end

AP-heads-latest-minute-business - 24 min 22 sec ago
Greece's departing Finance Minister Yanis Varoufakis resigned Monday with the same dramatic flair with which he served. (...)
Categories: Business News, Latest

Starbucks: Prices for some drinks to go up by 5 to 20 cents

AP-heads-latest-minute-business - 24 min 22 sec ago
NEW YORK (AP) — Starbucks is raising prices again starting Tuesday, with the increases ranging from 5 to 20 cents for most affected drinks, the company said. (...)
Categories: Business News, Latest

Sears' REIT goes public as others consider similar moves

AP-heads-latest-minute-business - 24 min 22 sec ago
NEW YORK (AP) — Seritage Growth Properties, the real estate spinoff of Sears Holdings Corp., made its debut Monday on the New York Stock Exchange and estimated that it had raised about $1.6 billion from the offering. (...)
Categories: Business News, Latest

Buffett makes planned stock gifts worth $2.8B to 5 charities

AP-heads-latest-minute-business - 24 min 22 sec ago
OMAHA, Neb. (AP) — Investor Warren Buffett has given more than $2.8 billion worth of Berkshire Hathaway stock to five charities as part of his plan to gradually give away his fortune. (...)
Categories: Business News, Latest

Correction: DEM 2016-Clinton-Policy story

AP-heads-latest-economy - 24 min 32 sec ago
WASHINGTON (AP) — In a story July 6 about Hillary Rodham Clinton's policy research efforts, The Associated Press misspelled the name of the president of Miami Dade College. It is Eduardo Padron, not Patron. (...)
Categories: Business News, Economy

Clinton unveiling 2016 policy ideas on families, economy

AP-heads-latest-economy - 24 min 32 sec ago
WASHINGTON (AP) — Earlier this year, Hillary Rodham Clinton's campaign lost count of its experts. (...)
Categories: Business News, Economy

Most markets drop after Greek results, but China rises

AP-heads-latest-economy - 24 min 32 sec ago
TOKYO (AP) — Shares tumbled Monday after Greece's voters vehemently rejected conditions set by the country's international creditors, deepening doubts over its future in the 19-nation eurozone. (...)
Categories: Business News, Economy

Most Asian markets fall after Greek results, but China rises

AP-heads-latest-economy - 24 min 32 sec ago
TOKYO (AP) — Asian shares tumbled Monday after Greece's voters vehemently rejected conditions set by its international creditors, deepening doubts over their future in the 19-nation eurozone. (...)
Categories: Business News, Economy

Malaysian leader faces risk of criminal charges over fund

AP-heads-latest-economy - 24 min 32 sec ago
KUALA LUMPUR, Malaysia (AP) — Malaysia's prime minister is facing the risk of criminal charges over allegations that hundreds of millions of dollars were funneled from an indebted state fund to his personal bank accounts, the first time a Malaysian leader has faced criminal allegations. (...)
Categories: Business News, Economy

US stocks fall after Greek 'no' vote; European markets sink

AP-heads-expanded-latest-business - 24 min 39 sec ago
NEW YORK (AP) — Stocks in the U.S. fell broadly in afternoon trading Monday following sharper drops in Europe and Asia as Greeks voted to reject the spending cuts and tax increases demanded by its creditors for additional loans. (...)
Categories: Business News, Latest

Greece's departing finance minister, brash to the end

AP-heads-expanded-latest-business - 24 min 39 sec ago
Greece's departing Finance Minister Yanis Varoufakis resigned Monday with the same dramatic flair with which he served. (...)
Categories: Business News, Latest

Starbucks: Prices for some drinks to go up by 5 to 20 cents

AP-heads-expanded-latest-business - 24 min 39 sec ago
NEW YORK (AP) — Starbucks is raising prices again starting Tuesday, with the increases ranging from 5 to 20 cents for most affected drinks, the company said. (...)
Categories: Business News, Latest

Sears' REIT goes public as others consider similar moves

AP-heads-expanded-latest-business - 24 min 39 sec ago
NEW YORK (AP) — Seritage Growth Properties, the real estate spinoff of Sears Holdings Corp., made its debut Monday on the New York Stock Exchange and estimated that it had raised about $1.6 billion from the offering. (...)
Categories: Business News, Latest

Buffett makes planned stock gifts worth $2.8B to 5 charities

AP-heads-expanded-latest-business - 24 min 39 sec ago
OMAHA, Neb. (AP) — Investor Warren Buffett has given more than $2.8 billion worth of Berkshire Hathaway stock to five charities as part of his plan to gradually give away his fortune. (...)
Categories: Business News, Latest

Death toll from defective GM switches rises to 121

AP-heads-expanded-latest-business - 24 min 39 sec ago
NEW YORK (AP) — The death toll from faulty ignition switches in General Motors' small cars has risen by two to 121. (...)
Categories: Business News, Latest

Growth in US services firms rises in June

AP-heads-expanded-latest-business - 24 min 39 sec ago
WASHINGTON (AP) — U.S. service firms grew at a slightly faster pace in June, as business activity and new orders increased. (...)
Categories: Business News, Latest
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