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Stock Market & Financial Investment News

News Breaks
February 25, 2013
07:33 EDTBPBP may be offered $16B settlement deal by DOJ, states, WSJ reports
The Justice Department and states at the Gulf Coast are considering offering BP (BP) a deal whereby the company would pay $16B to settle civil claims related to the deadly 2010 Deepwater Horizon incident, sources say, reports the Wall Street Journal. The settlement would cover potential fines owed by BP under the Clean Water Act, and payments under an environmental evaluation known as the Natural Resources Damage Assessment, the sources added. BP has agreed to pay more than $30B in fines, settlements and cleanup costs for the well blowout and resulting Gulf of Mexico oil spill. Reference Link
News For BP From The Last 14 Days
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August 11, 2014
07:04 EDTBPBP's risk from Russian sanctions muted, says RBC Capital
RBC Capital said in the unlikely situation that BP were to relinquish its Rosneft stake due to Russian sanctions, the impact would be muted and shares would still offer 15% upside. The firm believe upside potential more than compensates the risk and reiterates its Outperform rating.

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