Economy Mar 03

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BP to Pay $7.8 Billion in Gulf Oil Spill Settlement

BP says it has reached a $7.8 billion settlement with lawyers representing thousands of plaintiffs who were affected by the worst offshore oil spill in U.S. history. The announcement came late Friday as a much anticipated trial in a New…

The Gulf of Mexico has always been an oily place. Early sea captains wrote in their log books of slicks of oil. Mayan Indians used natural tars to seal their water jugs and waterproof their canoes. As many as 50…

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