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Sometimes economics can be easy. Plus 1.5 of growth in the first quarter and minus 1.8 percent in the second quarter comes down to roughly –0.3 percent in total.
BP PLC was found to be “grossly negligent” for its role in the worst oil spill in history, the 2010 Deepwater Horizon accident in the Gulf of Mexico. While BP has publicly stated its intention to appeal the decision, the potentially exorbitant penalties could force BP to settle with prosecutors.
The biotechnology sector is booming. Biotech stocks have experienced a strong rebound this summer following a collapse earlier in the year.
The ongoing three-way tussle for control of Family Dollar Stores Inc. will have lasting consequences beyond the dollar store industry. Wal-Mart, the world’s biggest retailer, is keenly watching the saga unfold.
