The part-nationalized bank is expected to make the announcement on Friday during its first-quarter update, where it will also announce pre-tax losses of under £50 million, down from losses of £106 million this time last year.
BP Plc. (NYSE: BP) won preliminary approval of its proposed $7.8 billion settlement of claims relating to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.
An Oracle Corp attorney ruled out a settlement with Hewlett-Packard Co in a bitter lawsuit over the Itanium microprocessor, a day after the judge refused to resolve the case for either side before trial.
Houston-based oil ang gas giant ConocoPhillips (NYSE: COP) has been fined $257 million to settle charges brought by the Chinese government following a massive oil spill. The company's Chinese venture partner, CNOOC Ltd., was also fined, to the tune of $76 million.
The first part in a saga of litigation and claims for damages following the BP 2010 Gulf oil spill is just days away from being finished.
A New York judge on Tuesday rejected an effort by American International Group Inc and other objectors to Bank of America Corp's proposed $8.5 billion mortgage bond settlement to convert the case to a proceeding that may have widened its scope.
Gulf Coast shrimp processors are asking a federal judge to delay final approval of the $7.8 billion settlement between BP and third-party claimants over the 2010 Gulf oil spill.
Bank of America Corp directors, who were sued by shareholders for allegedly paying too much for Merrill Lynch & Co in 2008, must defend a proposed $20 million settlement of the claims in federal court in New York, court papers show.
Two years after the Deepwater Horizon disaster, a deep-sea biodiversity study suggests residual oil from the BP blowout threatens the stability of the entire Gulf of Mexico ecosystem.
Nicollette Sheridan's lawsuit against ABC is headed for a retrial after a Los Angeles judge refused to dismiss the Desperate Housewives wrongful-termination case. What are Sheridan's chances of winning the retrial?
A N.J. bully's punch to the abdomen left a middle school student paralyzed. Now the New Jersey school district that allowed this incident to happen has agreed to pay a $4.2 million to settle a lawsuit from the victim's family.
BP officials announced Wednesday the company has finalized a deal with thousands of plaintiffs for damages sustained as a result of the worst environmental catastrophe in U.S. history.
In its final progress report, the National Commission on the BP Deepwater Horizon oil spill concluded more must be done to prevent a similar disaster in the Gulf of Mexico.
BP Plc (BP.L) said on Wednesday it reached definitive agreements with well over 100,000 private plaintiffs to resolve claims for economic, property and medical damages resulting from the 2010 Gulf of Mexico oil spill.
Apple Inc and Samsung Electronics Co Ltd agreed that their chief executives would participate in settlement talks to try to resolve a patent lawsuit over smartphone and tablet technology, according to a court filing.
Apple Inc and Samsung Electronics Co Ltd agreed that their chief executives would participate in settlement talks to try to resolve a patent lawsuit over smartphone and tablet technology, according to a court filing.
Apple Inc and Samsung Electronics Co Ltd agreed that their chief executives would participate in settlement talks to try to resolve a patent lawsuit over smartphone and tablet technology, according to a court filing.
Kelsey Grammer may be regretting his decision to tattoo his fourth wife's name on his hip just 14 months into their marriage.
A letter sent to Mel Gibson from ex-film collaborator and screenwriter, Joe Eszerthas has hit the web, revealing not only more about Gibson's rage issues, but his continued death threats to ex-girlfriend, and mother of his child, Oksana Grigorieva. According to Kris Herzog, owner of the Navy SEAL Bodyguard Group, The Bodyguard Group of Beverly Hills and former bodyguard for Mel Gibson and Oksana, Gibson has said on numerous occasions that he was going to kill Oksana.
Stock index futures edged higher on Thursday ahead of data on the jobs market and producer prices, while a tick down in benchmark bond yields in Italy and Spain signaled easing concern about the euro zone's debt troubles.
Stock index futures edged higher on Thursday ahead of data on the jobs market and producer prices, while a rise in Italian borrowing costs could cap gains in equities and pressure other risk assets lower.
Reports indicate that Jessica Dorrell's fiance, Josh Morgan, has left the athletic department.
