'BP to pay record penalty in US spill'

Agencies : Washington, Thu Nov 15 2012, 12:31 hrs

Ads by Google

Top Stories

BP will pay a record criminal penalty to resolve some of its liability for the 2010 Deepwater Horizon disaster in a deal to be announced by the U.S. Justice Department as soon as Thursday, a source said.

The source familiar with discussions did not disclose the actual amount of BP's payment but said it would be the largest criminal penalty in U.S. history.

That record is currently held by Pfizer Inc, which paid a $1.3 billion criminal fine in 2009 for marketing fraud connected to its Bextra pain medicine.

Ads by Google

ALSO READ

There's a neat little twist at the end. So don't rush out of the theatres.

Go Goa Gone movie review

This comes off as a mini version of the Karan Johar-directed Student Of The Year.

Review: Gippi is a mini version of Student Of The Year

BSE Sensex ended the day at 20082.62, up 143.58, to its highest close in nearly 3-1/2 months. (Reuters)

BSE Sensex rises 143 points to cross 20K-mark

Govt expects 10% stake sale in Coal India is likely to fetch over Rs 17,000 crore to the exchequer. (Reuters)

Govt may appoint 6-7 merchant bankers to manage CIL stake sale

Please read our terms of use before posting comments

TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).