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API wants desks cleared of LNG export plans
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 | |
BUENOS AIRES, May 21 (UPI) --
To the joy of neighboring rivals, Argentina's beef exports are dwindling and traders blame government policies.
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MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
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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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