BP has been banned from seeking new contracts with the federal government. It's the latest blow, with the company set to appear in a New Orleans federal court next month to work out its guilty pleas to criminal charges in connection with the Deepwater Horizon explosion. The oil giant has agreed to pay a record $4.5 billion in a criminal settlement with the U.S. Justice Department. But far more money could be at stake in civil litigation stemming from the oil disaster.
On Thursday, Lord Justice Leveson is expected to release his report on regulating the British press, following phone hacking and other abuses by the tabloids. The report, and Prime Minister David Cameron's response to it, will likely be controversial.
Looking for that perfect gift for a man who hates to shave? He may reconsider his morning routine with a new product from "Bacontrepreneurs" Justin and Dave of J&D Foods in Seattle (makers of Baconnaise, Bacon Lip Balm and Mmmvelopes). Their latest concoction, Bacon Shaving Cream, has no meat in it but it's the "highest-quality meat-scented shaving cream on the market today."
Record-high fuel costs have hammered airlines, forcing executives to eliminate flights, cut back on unprofitable routes and make passengers pay for many perks that used to be free. Now the airlines are looking at other ways to save money — and they're turning to propeller planes.
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