BP Plc , the owner of a Gulf of Mexico well that caused a record oil spill, is replacing Anne Womack Kolton as head of U.S. media relations two months after she was appointed, two people familiar with the decision said.
Owners of BP -brand gasoline stations may receive little or no help from a $60 million aid package as they try to cope with a sales slowdown that intensified after failures in May to end a record U.S. oil spill.
Analysts predict Goldman Sachs Group Inc. will pay $1 billion or more to settle a Securities and Exchange Commission fraud suit that triggered a 26 percent drop in the firm’s stock, Bloomberg News’s Jesse Westbrook and David Scheer report. Extracting such a record-setting penalty may be easier said than done.
BP Plc can halt litigation with minority business partner Anadarko Petroleum Corp. so the companies can arbitrate liability over costs of last year’s oil- well blowout in the Gulf of Mexico, a judge said.
Lawyers for as many as 10,000 potential plaintiffs pursuing claims over BP Plc’s 2010 Gulf of Mexico oil spill said their clients today will opt out or reject the company’s $7.8 billion settlement reached in March.