Bank of America Corp., Barclays Plc and Citigroup Inc. are among a group of banks sued by the city of Houston for financial damages caused by the alleged manipulation of the London Interbank Offered Rate, or Libor.
BP Plc has delayed the restart of its 475,000-barrel-a-day Texas City, Texas, refinery after an external power failure forced its chemical plant to shut down, said a person with knowledge of the situation.
The death toll from the collapse of the Rana Plaza garment factory in Bangladesh swelled to more than 1,000 workers, cementing its place among a grisly lineup of the world’s worst industrial disasters and reinforcing calls that the tragedy lead to lasting change.
BP Plc agreed to pay a record $50.6 million U.S. fine for failing to correct safety shortfalls at a Texas refinery after a 2005 explosion that killed 15 workers, the Occupational Safety and Health Administration said today.
A BP Plc unit will pay $15 million, the largest-ever Clean Air Act penalty on a single facility, to resolve claims stemming from two fires and a leak at a Texas refinery that killed 15 people, the Justice Department said.