BP and five Gulf states announced an $18.7 billion settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy giant’s oil spill in 2010. The …
Tesla’s second-quarter deliveries surged 52 percent to set a company record exceeding 11,000 vehicles. The Palo Alto, California, electric car maker surpassed 10,000 vehicles for the first time in the …
The battle for Greek votes entered full swing Thursday ahead of a crucial weekend referendum that could decide whether the country falls out of the euro. For Greeks, particularly the elderly, the daily …
ATHENS (Reuters) – Greek President Prokopis Pavlopoulos has cancelled a trip to Berlin planned for Tuesday, which will come two days after a referendum on an international bailout, a person with knowledge …
Barnes & Noble, which plans to split into two companies next month, has tapped Sears Canada CEO Ronald Boire to lead the bookseller’s retail business. After the split, current CEO Michael Huseby will become …
BP Plc will pay a record $18.7 billion to resolve claims by the U.S. and five states along the Gulf of Mexico related to the 2010 oil spill. The payments will be spaced out over as long as 18 years, according to the preliminary agreement. A record $5.5 billion will cover federal penalties under the Clean Water Act, topping the previous high of $1 billion.
Greek Finance Minister Yanis Varoufakis said he’ll quit if Greece votes to accept creditors’ bailout proposals in Sunday’s referendum. In the event of a “yes” vote, “I will not” be finance minister on Monday evening, Varoufakis said in an interview with Bloomberg Television in Athens Thursday. “But I will help whoever is” to navigate the country’s debt crisis, he said.
Oil prices edged higher on Thursday as the U.S. dollar slipped following weaker-than-expected U.S. non-farm payrolls data. Front-month U.S. crude futures were up 18 cents at $57.14 per barrel. The payrolls data weighed on the U.S. currency, which in turn lent support to dollar-priced oil.
Hillary Clinton’s presidential campaign raised at least $45 million during its first quarter, her campaign told Bloomberg on Wednesday. Clinton’s haul from her campaign’s launch in mid-April through June 30 is a record for primary money raised in a candidate’s first quarter. President Barack Obama held the previous record for a campaign’s first quarter, raising $41.9 million after launching his re-election bid.
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