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.
Gulf oil spill report, released Wednesday, said in the days leading up to the disaster, BP made a series of decisions that complicated cementing operations, added risk, and may have contributed to the ultimate failure of the cement job.
Transocean Ltd., the Swiss company that owned and operated the Deepwater Horizon oil rig, says the Gulf of Mexico oil spill that occurred last year is the result of successive decisions made by well owner BP. BP calls it "an advocacy piece" to support Transocean's "litigation strategy."
After gains early in the day, the session closed lower, with the Dow declining about 19 points
The Dow fell about 61 points, with a weak performance by banks and energy
The Dow closed down more than 90 points after the Department of Labor released a discouraging jobs report on Friday