United Parcel Service Inc. agreed to forfeit $40 million to settle a federal probe into shipments for illegal online pharmacies, admitting the company had information it was helping distribute controlled substances.
Eli Lilly & Co. , under pressure to gain new products after setbacks this week with two diabetes drugs, may try to acquire its partner Amylin Pharmaceuticals Inc. or covet companies with more approved products.
Royal Dutch Shell Plc’s 360,000- barrel-a-day crude oil pipeline from Houma, Louisiana, to Houston remains shut until repairs and an inspection by U.S. regulators have finished, according to Bill Tanner , company spokesman.
Bank of America Corp. and UBS AG filed claims in London against the region of Lombardy, pre- empting the municipal authority’s plan to sue the banks in the Italian courts in a dispute about derivatives fees.
Ecopetrol SA, Colombia’s largest oil company, said the nation is close to production of 1 million barrels a day as rebel sabotage has a “low impact” on the company’s output, according to its chief executive officer.
Royal Dutch Shell Plc must reduce operating pressure on its 360,000-barrel-a-day pipeline from Houma, Louisiana, to Houston by 20 percent, under a corrective- action order issued yesterday by U.S. regulators.
A New Orleans federal judge lifted the six-month moratorium on deepwater drilling imposed by President Barack Obama following the largest oil spill in U.S. history. Drilling services shares jumped on the news.