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Saab upgrading bid for Brazil FX-2 contest
NEW ORLEANS, Dec. 22 (UPI) -- A federal judge in New Orleans confirmed the class-action settlement reached with BP after the Gulf of Mexico oil spill would stand.
The settlement sets out terms of the payouts for businesses and individuals hurt by the 2010 oil spill that spewed 59,200 barrels of oil per day into the sea, CNN reported Saturday.
BP has estimated the settlement would cost $7.8 million. It will come out of a $20 billion trust fund set up to cover damages.
The ruling by U.S. District Judge Carl Barbier confirmed a ruling he made in May. In the recent ruling, Barbier dismissed criticisms of his earlier decision.
"None of the objections, whether filed on the objections docket or elsewhere, have shown the settlement to be anything other than fair, reasonable, and adequate," Barbier said in a 125-page ruling.
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| Additional Business News Stories | |
BRUSSELS, May 22 (UPI) --
The European Union will carefully weigh the risks of shale gas development this year but also needs to stem high energy prices, the EU's energy chief says.
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SANTIAGO, Chile, May 21 (UPI) --
More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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