BP, Under New Chief, to Pay a Big Settlement
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The record financial settlements are part of an effort by BPâs new chief executive, Tony Hayward, to move the company away from its troubled recent past.
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IBM said yesterday that it had agreed to pay $320 million to current and former employees to settle in part a class-action lawsuit over its pension plan in a case that may affect millions
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Business & money: Oil giant agrees to withhold Â£1.5m owed to former chief executive while a court case is resolved.
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BP agreed to sell one of the worldâs largest natural gas fields, the latest apparently forced sale that benefited a Russian state company.
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The new boss of scandal-hit US insurance broker Marsh & McLennan says he expects to settle charges brought by New York's attorney-general.
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BP America, the US arm of British energy giant BP, is to spend more than 550 million dollars (432 million euros) over the next two years on improvements to its Alaskan oil fields, including pipeline repairs, the group has said in a statement.
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Ernst &amp; Young LLP will pay $40 million to the US Federal Deposit Insurance Corp. and is finishing a settlement to pay $85 million to the Office of Thrift Supervision to settle a case involving
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Oil major BP will pay $373 million to settle U.S. charges stemming from a deadly Texas refinery explosion and an Alaska oil spill, as well as allegations it manipulated propane markets, the government said on Thursday.
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Lawyers to get bigger share of any settlement in Linux suits in exchange for billing less up front.
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British energy behemoth BP confirmed that it will overhaul its worldwide operations to improve safety in the wake of last year's deadly Texas City refinery explosion.
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The US Department of Justice fines oil giant BP some $373m (Â£182m), for fraud and environmental violations.
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Energy group BP has agreed to pay undisclosed sums to two subcontractors who were injured in an explosion at its large Texas City refinery in 2005, the mens' lawyer announced Friday.
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By Jonathan D. Epstein  HSBC Bank USA agreed Wednesday to pay nearly $1 million in fines and reimbursement to settle a state lawsuit over a toxic chemical cleanup in Orange County in a case brought under the federal Superfund Act.
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Marsh &amp; McLennan Cos.&#39;s new chief executive said Tuesday the embattled firm will pay back any customers who were harmed by bid-rigging and other illegal activities uncovered by New York Attorney
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HOUSTON - BP PLC has agreed to settle claims by four victims of an explosion in 2005 at its Texas refinery, ending the first trial over the disaster. The terms weren't disclosed.
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A U.S. District Court judge in Galveston ruled on Friday that plaintiffs' lawyers can depose BP Plc.  Chief Executive John Browne as part of their case against the company for the explosion at its Texas City refinery in 2005, a plaintiffs lawyer said.
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By Thomas J. Morgan; Journal Staff Writer  The company agrees to pay more than $100,000 in penalties and contributions.