A report at the BBC claims the fine against BP PLC (NYSE: BP) in the settlement of criminal charges related to the explosion of the Deepwater Horizon in 2010 will be in the range of $3 billion to $5 billion.
The BBC also reports that up to four BP staff members will be charged and arrested. And the Associated Press reports that two BP employees will face charges of manslaughter related to the explosion.
The AP also says that the company will plead guilty to obstruction charges for lying to Congress about the extent of the spill.
BP is expected to make a final payment of $860 million into its $20 billion Gulf of Mexico compensation fund by the end of this year.
BP has booked more than $38 billion to pay liability claims related to the disaster that killed 11 workers and spilled more than 5 million barrels of oil into the Gulf of Mexico.
Here’s our earlier report on this story.
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
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