The Wall Street Journal reports that federal prosecutors are targeting several Houston-based engineers and at least one supervisor employed by British oil giant BP connected to the 2010 Gulf oil spill.
Tech stocks fell on news that chipmaker Intel, a bellwether for tech stocks, cut its profit outlook. Moody's says it plans to review EU sovereign debt ratings, adding to the general market gloom.
BP alleges that Halliburton, a subcontractor working on the Deepwater Horizon rig, destroyed evidence pertaining to what might have caused the explosion that triggered the Gulf oil spill.
BP says Halliburton destroyed evidence that it did faulty cement work on the oil will that leaked into the Gulf. Halliburton denies claim.
"Steve Jobs" reigns as No. 1, although the life of a powerful Russian empress, a history of the world told through 100 objects, and a memoir by Diane Keaton also made the cut when Amazon's editors picked their top 10 favorite November books.
To boost support for a US pipeline for its oil sands crude, Canada claims it's more ethical than the Middle East. Is there such a thing as ethical oil?
BP settlement with Anadarko reduces chances of punitive damages for 2010 Gulf spill. Despite BP settlement, other lawsuits and fines still loom for oil giant.
BP settlement: Anadarko Petroleum Coro., which had a has 25 percent working interest in BP's Macondo Prospect, the site of the Deepwater Horizon drilling rig explosion, will pay BP $4 billion toward cleaning up the Gulf of Mexico oil spill.
Stocks in Europe lose some gains after German finance minister cautions on eurozone solution. Stocks are up 11.6 percent over the past nine days.