News

BP Settles With Alabama City For $6.5 Million

The City of Gulf Shores, Ala., announced a settlement with British oil company BP (NYSE: BP) for future losses incurred by the 2010 Gulf of Mexico Deepwater Horizon oil spill.

JPMorgan paying $45 million to settle mortgage suit

JPMorgan Chase & Co is paying the federal government $45 million to settle a lawsuit alleging it charged veterans hidden fees in mortgage refinancing.

Joe Paterno,Spanier Fired For "Failure of Leadership" Penn St. Board Says

Penn State's Board of Trustees on Monday defended its firing of legendary football coach Joe Paterno and the university's president, saying they showed a "failure of leadership" in not doing more when alerted to suspicions of child sexual abuse by former assistant coach Jerry Sandusky.