(Advertisement)

Further billions at stake as BP faces spill civil trial

Posted: January 31, 2013 at 2:45 a.m.

Now that a $4 billion plea deal has resolved BP’s criminal liability for the Gulf of Mexico oil spill nearly three years ago, the company will turn its focus to a trial that has the potential to cost it billions of dollars more in civil penalties. At the conclusion of a hearing Tuesday that included emotional testimony and a BP executive’s apology, a federal judge agreed to let the London-based oil giant plead guilty to manslaughter charges for the April 2010 deaths of 11 workers on the Deepwater Horizon rig and pay the record amount of

This story is only available from our archives.

Business, Pages 27 on 01/31/2013

(Advertisement)



« Previous Story

Battery fix tops Boeing to-do list

Several All Nippon Airways' Boeing 787 Dreamliners sit on the tarmac at Haneda Airport in Tokyo, Wednesday, Jan. 30, 2013. U.S. regulators said Wednesday they asked Boeing Co. to provide a full operating history of lithium-ion batteries used in its grounded 787 Dreamliners after Japan's All Nippon Airways revealed it had repeatedly replaced the batteries even before overheating problems surfaced. (AP Photo/Shizuo Kambayashi)

Boeing Co. said Wednesday that its top priority this year is fixing the battery problems that grounded its 787... Read »

Next Story »

Fed acknowledges pause in growth, holds true ...

The Federal Reserve, noting that economic growth had “paused” in recent months, said Wednesday that it would continue its efforts to stimulate the economy. Read »