BP to Pay Record $50.6 Million Fine Over Texas Refinery

BP has agreed to pay a record $50.6 million fine to the federal government for safety violations found by regulators last year...

Oil Spill: Jindal Plan Draws Criticism From Feds

Scientists and government officials fired back at Louisiana Gov. Bobby Jindal today, saying homegrown plans he is backing...

BP Relied on Cheaper Wells

In recent years, oil giant BP PLC used a well design that has been called "risky" by Congressional investigators...

Pensioner's pick up bill for oil Spill!

After a face-to-face showdown with the President at the White House, BP chairman Carl-Henric Svanberg revealed the payment meant the oil giant would be forced to suspend dividends to its shareholders until at least next year...

Obama vows to make 'reckless' BP pay for oil disaster

U.S. President Barack Obama tonight pledged to do all he could to contain the BP oil spill and help the Gulf Coast recover...

Pelosi: Eliminate $74 million liability limit for economic damages from oil spills

House Speaker Nancy Pelosi says oil companies that cause major spills like the BP spill in the Gulf of Mexico should face unlimited liability for economic damages.

Britain Steps Up to Defend BP

U.K. government officials offer their first public signs of support for BP. Plus, why market volatility is here to stay; and WSJ's predictions for the World Cup tournament in South Africa…