BP to Pay $18.7 Billion to Settle Deepwater Horizon Spill Claims

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BP agreed to pay $18.7 billion over 18 years to settle all federal and state claims arising from 2010’s Deepwater Horizon oil spill, including the biggest pollution penalty in U.S. history.

Vertex's $259,000 Cystic Fibrosis Drug Approved

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Vertex’s cystic-fibrosis drug Orkambi, which treats the most common mutation of the disease, received U.S. regulatory approval on Thursday.

AIG a Wallflower at Insurer-Merger Dance

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The acquisition of Chubb by ACE likely signals the start of a merger rush for U.S. insurers. AIG isn’t likely to join in.

Jobs Gains Don't Ease Spending Strains

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An improving job market is giving Americans the wherewithal to keep buying more. But things aren’t so good that spending is about to really rip.

Airlines: A Justifiable Bet

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The Justice Department is probing airline expansion practices. But cheap valuations will allow shareholders to be patient.

Brazil Antitrust Agency Investigating Banks for Suspected Rate Manipulation

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Brazil’s antitrust agency is investigating banking giants HSBC Holdings PLC, Citigroup Inc., Deutsche Bank AG and others on suspicion of forming a cartel to manipulate the exchange rate of the Brazilian currency, the real.

Intel President James to Leave

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Intel Corp. said President Renée James is stepping down, one of several management changes as CEO Brian Krzanich shakes up the chip maker.

BBC to Cut Over 1,000 Jobs

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The British Broadcasting Corp., the U.K.’s venerable state-funded broadcaster, said Thursday it is cutting more than 1,000 jobs to cope with the increasing migration of television viewers to the Internet.

Buffett Re-Examines Reinsurance

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The obscure business of reinsurance has always been one of Warren Buffett’s favorite money makers, but a changing landscape has led his Berkshire Hathaway to adjust its strategy.

Tesla's Second Quarter Deliveries Surge 52%

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Tesla Motors delivered 11,507 Model S electric sedans in the second quarter of the year, a 52% increase over the prior-year period and a pace that far exceeds electric-car sales by rivals.

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