BP Stock Hits Highest Level in Year on Gulf Coast Settlement
Traders throughout the world welcomed BP's settlement news Monday with the company's stock hitting its highest level in more than a year.
BP boosted by oil spill settlement
Shares in BP rose over 2 percent on Monday after the oil giant reached a settlement with businesses and individuals impacted by the Gulf of Mexico oil spill worth an estimated $7.8 billion.
BP seen boosted by oil spill settlement
Shares in BP are expected to rise 5-9 percent on Monday after the oil giant reached a settlement with businesses and individuals impacted by the Gulf of Mexico oil spill worth an estimated $7.8 billion.
Nikkei Likely to Test 9,800
Japan's Nikkei share average is expected to test 9,800 for a fourth straight session on Monday as yen weakness against the dollar is likely to boost risk appetite, although some market players say technical indicators point to a correction.
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iPad 3 Release: Can Proview Prevent Apple from Launching New Tablet on March 7?
Things are getting ugly as Apple’s March 7 event draws closer. The event is highly expected to display, for the first time, the Apple iPad 3, but with a lawsuit between Apple and Proview looming, there could be a problem getting the iPad 3 on the store shelves. Proview first sued Apple in China over the iPad trademark, which saw the device being pulled from store shelves temporarily, but now the fight is spilling over onto Apple’s backyard, a fight that could hamper sales of the iPad 3.
Oil Prices Fall as Saudi Denies Explosion Report
Oil prices fell Friday following the confirmation from Saudi Arabia denying the pipeline explosion in the Kingdom.
U.S. Ready to Take BP, Others to Trial for Deepwater Horizon Spill
Attorney General Eric Holder says he's ready to take BP and and other defendants to court in the 2010 Gulf of Mexico oil spill.
Bank of America Scores Key Court Ruling in Resolving Countrywide Mortgage Mess
Bank of America had attempted to get an $8.5 billion settlement over bad Countrywide mortgage-backed securities approved in New York state court over the objection of some angry investors.
BP Negotiating $14 Billion Settlement for Gulf Oil Spill
BP, Britain's No. 1 oil company is said to be negotiating a $14 billion settlement for the Deepwater Horizon explosion that killed 11 workers and fouled the Gulf of Mexico for months in 2010.
Charlotte Church Gets $951,000 Settlement in News of the World Phone Hacking
Singer Charlotte Church, who testified that she was hounded by journalists working for Rupert Murdoch when she was a teenager, has received a £600,000 ($951,000) settlement on Monday in a phone hacking case surrounding News International.
BP oil spill trial delayed for settlement talks
The trial to decide who should pay for the 2010 Gulf of Mexico oil spill has been delayed by a week, to allow BP Plc to try to cut a deal with tens of thousands of businesses and individuals affected by the disaster.
BP Reported Considering $14B Settlement for Gulf Oil Spill
British oil giant BP Plc and plaintiffs suing over the 2010 Gulf of Mexico oil spill are discussing a $14 billion settlement that is nearing completion, Bloomberg said, citing three people familiar with the talks.
BP considering $14 billion oil spill settlement: report
British oil giant BP Plc and plaintiffs suing over the 2010 Gulf of Mexico oil spill are discussing a $14 billion settlement that is nearing completion, Bloomberg said, citing three people familiar with the talks.
Mitsui MOEX To Pay $90 Million for BP Gulf Oil Spill
Japanese conglomerate Mitsui MOEX Offshore will pay $90 million for the BP Gulf Oil Spill of 2010 in what is the first settlement ahead of the liabilities trial expected to start in 10 days.
Mortgage Settlement: Details May Not Yet Be Finalized, Says American Banker
A source has told American Banker that the terms of this week's massive national mortgage servicing settlement have not been finalized, and that politics drove Thursday's announcement
For America's hard-hit homeowners, little relief from settlement
Crystal Morello's family pleaded for months with their lender for a cheaper mortgage on their family home in Belleville, Michigan. But time ran out last summer, and they left before they were evicted.
Foreclosure Settlement: Is it Too Little? Top Negotiator Defends Deal
Officials Thursday detailed a nationwide settlement with five large banks over foreclosure practices. Negotiators defended the deal as a way to give immediate relief to homeowners and victims of foreclosure abuses.
Will the $26 Billion Mortgage Settlement Help You?
The massive $26 billion mortgage settlement between states and banks is designed to help millions of American homeowners -- but not everyone is eligible.
States, Lenders Reach $26 Billion Mortgage Settlement
Forty-nine states and five major banks reached a $26 billion mortgage settlement that will aid about two million homeowners, government officials announced Thursday.
U.S. reaches mortgage settlement with top banks
The biggest U.S. banks will provide about $25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal shortcuts during foreclosures and for other deceptive practices.
U.S. Reaches Mortgage Deal with Top Banks
The announcement caps more than a year of chaotic negotiations among state and federal officials, and the banks, who have been accused of using robosigners and unlawful documentation to deal with a flood of foreclosures.
California, NY May Join Foreclosure Settlement as Deadline Looms
California and New York may join a settlement between states and major lenders over foreclosure fraud, potentially boosting the banks' aid to homeowners to $25 billion from $19 billion.
Factbook: Facebook's Laundry List of Risks
Investors jumped on Facebook's regulatory filings on Wednesday for a glimpse into the company's inner workings ahead of one of the hottest initial public offerings in recent history. But there are also potential downsides.
Mashco-Piro Photo Release: Uncontacted Amazon Tribe Had Killed Photographer's Guide; Peru Issues Warning
Following the release of the most detailed sightings of uncontacted Indians ever recorded on camera by the advocacy group Survival International on Tuesday, the Peruvian authorities reported that the same tribe members (Mashco-Piro) had killed the tribal guide who was with the archaeologist who captured the photographs.
Viktoria Chapman: The Ex-Wife Who Gets $300K from Don Cornelius' Death
Viktoria Chapman, the ex-wife of Soul Train creator Don Cornelius, will reportedly collecting $300,000 in benefits now that her ex-husband is dead. Cornelius, 75, was found with single gunshot wound to the head on Wednesday morning, at his Sherman Oaks, Calif., home. He was taken to Cedars-Sinai Medical Center, where he was pronounced dead.
JPMorgan Slashes $710M Lehman Bankruptcy Claim
JPMorgan Chase & Co has agreed to drop almost all of a $710 million claim against Lehman Brothers Holdings Inc's bankruptcy estate, freeing up more money to be distributed to creditors, Lehman said on Wednesday.
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