HomeEconomy of the United States News – BP, Martha Stewart Living Omnimedia, AIGBusinessEconomy of the United States News – BP, Martha Stewart Living Omnimedia, AIG

Economy of the United States News – BP, Martha Stewart Living Omnimedia, AIG

BP about to face day in court over Gulf of Mexico oil spill
HOUSTON (Reuters) – Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are about to face their day in court. The trial over the worst U.S. offshore oil spill is set to start this morning in New Orleans before a federal judge and without a jury. Few expect the case, seen lasting several months, will be decided by the judge. …

Martha Stewart, Macy’s & JC Penney Take High-Stakes Love Triangle to Court
Martha Stewart is now at the center of a legal battle between Macy’s and JC Penney which officially got underway this week in a New York State Supreme Court. At stake are the rights to sell Martha Stewart merchandise.

AIG posts $4 billion loss on sale of aircraft unit ILFC
(Reuters) – Insurer American International Group Inc reported a fourth-quarter loss of $4 billion on Thursday on the sale of its aircraft leasing business, ILFC.



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