BP Plc, citing low oil prices, tried to whittle away at $13.7 billion in potential fines under the Clean Water Act on Tuesday as the penalty phase started in its trial over the 2010 Gulf of Mexico oil spill.
A former Toronto stockbroker failed to persuade a U.S. appeals court in Philadelphia to overturn his fraud conviction and 25-year prison sentence for causing more than $55 million of losses in an international stocks scam.
Six transportation safety and quality experts will form Takata Corp's independent quality assurance panel, said Samuel Skinner, former secretary of transportation and White House chief of staff.
Standard and Poor's is in talks to pay as much as $1.5 billion to settle U.S. government lawsuits over mortgage ratings issued in the run-up to the 2008 financial crisis, a person familiar with the matter said on Tuesday.
