'BP to pay record penalty in US spill'
- Gujarat CM: Nitin Patel's name to be announced at 4 pm, has PM backing
- Lockheed Martin will shift fighter aircraft's production line to India, but with a condition
- I had not gone to Pakistan to have lunch: Rajnath Singh in Rajya Sabha
- GST Bill to be introduced in Lok Sabha on August 8 for ratification
- BJP looks for new CM for Gujarat, Patels flex muscles
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.
- Institutionalisation of GST regime has more than a touch of romance
- SC’s Arunachal judgement could give leeway to unprincipled politicians
- Odds are so much in Hillary's favour that Trump might eventually withdraw from race
- HC verdict turned principle of parliamentary democracy on its head in Delhi
- Clerics above law
- Rio Olympics: Yet again, India has managed to look disheveled