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.
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.
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.
$102 million: Stephen J. Hemsley, UnitedHealth Group Inc.'s Chief Executive Officer. A graduate of Fordham University, Mr. Hemsley was Managing Partner and Chief Financial Officer of Arthur Andersen before taking the helm of UnitedHealth Group in 2006.
The US agencies' exhaustive report on the Gulf oil spill said complacency and cost-cutting led BP to make a series of decisions that complicated operations and added risk before the rig exploded.