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BP Gets Record US Criminal Fine
 
BP has received the biggest criminal fine in US history as part of a $4.5bn (£2.8bn) settlement related to the fatal 2010 Deepwater Horizon disaster. Two BP workers have been indicted on manslaughter charges and an ex-manager charged with misleading Congress. The Department of Justice (DoJ) said BP must hand over $4bn. The sum includes a $1.26bn fine as well as payments to wildlife and science organisations. >>>
 
Weakness In Europe
 
In the case of Europe, the financial crisis - that's to say, the extent to which the problems were rooted in the banking system - was particularly acute in the case of Spain and Ireland. Booms in lending and property prices were followed by sharp retrenchments and bank failures. But across the eurozone banks were hit by investments in flawed financial assets or by lending to financially-stressed governments. >>>
 
Windows Division Head Leaves Microsoft
 
His departure comes just weeks after Microsoft launched Windows 8, the latest edition of its flagship product, seen as key to the firm's future. >>>
 
EU Ministers Meet For Aid Talks
 
Eurozone finance ministers are set to meet in Brussels later today to discuss the next instalment of bailout money for debt-laden Greece. >>>
 
New York Declared Major Disaster Area
 
US President Barack Obama has declared a "major disaster" in New York state after storm Sandy smashed into the US East Coast, causing flooding and cutting power to millions >>>
 
 
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