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Marathon Petro Buys BP Texas City Refinery For $2.5B

Marathon Petroleum Corp (MPC.N) struck a deal to buy BP Plc's (BP.L) Texas City refinery and related infrastructure for up to $2.5 billion, a purchase that will make Marathon the fourth-largest U.S. refiner and give it a bigger potential slice of the market for refined product exports.
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Lehman Brokerage, Europe Unit, Settle $38B In Claims

The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc. said they settled a dispute over $38 billion in claims over client and creditor assets, a major step toward allowing customers and creditors to recover money.
Commuters pass by Nasdaq headquarters in New York.

IPO Lawsuits Merged In Win For Facebook

Dozens of lawsuits over Facebook's IPO fiasco against Facebook, Nasdaq and various underwriters will be centralized before a federal judge in New York, a panel of federal judges ordered Thursday.

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