Yahoo! Finance News – BP, United States, Ina Drew, S&P, BP Seeks to Block Gulf Spill Settlement Payments
BP has asked a federal judge to block a court-appointed administrator from paying Gulf Coast businesses’ claims through a multibillion-dollar settlement over the 2010 oil spill in the Gulf of Mexico.
U.S. to Press China on Cyber Attacks, Seek Deeper Ties
Treasury Secretary Jack Lew will press China to take “serious steps” to stop cyber attacks directed at the United States and urge the administration of new Chinese President Xi Jinping to accelerate economic reforms, a U.S. official said on Friday.
Ex-JPMorgan Exec Drew Denies Blame for “Whale” Losses
Ina Drew, the former JPMorgan Chase & Co executive in charge of the unit that made the disastrous “London Whale” trades that became public last year, told lawmakers on Friday that she does not bear personal responsibility for the billion in losses.
US Stocks Open Lower; S&P is Near Record
U.S. stock markets are opening lower, threatening to end the Dow’s winning streak at 10 days.The Dow Jones industrial average fell 38 points to 14,500 shortly after the opening bell Friday.