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A federal judge has dismissed a criminal charge against a former BP PLC (BP) executive that alleged he tried to obstruct a Congressional investigation into the Deepwater Horizon incident by lying about the amount of oil flowing from the well.Prosecutors said the executive, David Rainey, lied about the rate of oil leaking from a blown-out well in the Gulf of Mexico to members of the House Energy and Commerce Committee during a May 4, 2010 closed-door meeting and in his responses to a May 14 letter sent by Rep. Ed Markey (D-Mass.). The blow-out took place in April 2010, resulting in 11 deaths and in the worst offshore oil spill in U.S. history.Mr. Rainey said in both instances the estimated flow was about 5,000 barrels per day but internal BP documents from the time showed the company believed the rate was likely much higher.In a ruling Monday, U.S. Southern District of Louisiana Judge Kurt Engelhardt agreed with Mr. Rainey's attorneys that the meeting and the letter didn't constitute a ...
A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.S. senator on Fri...
The chairman of the Senate's energy committee asked the Justice Department on Friday to investigate whether alleged price manipulation by three oil companies in Euro...
The head of the Securities and Exchange Commission told lawmakers on Thursday that her agency, despite pressure from liberal groups, is not currently drafting a rule...
Dow Chemical Co. (DOW) said it plans to appeal a federal court's judgment ordering the chemical company to pay $1.2 billion for the alleged price fixing of urethane ...
Megaupload founder Kim Dotcom has won the right to demand the United States hand over all the evidence in its online piracy case against the internet entrepreneur, N...
Members of Congress expressed concern Wednesday about the Justice Department's subpoena of Associated Press phone records at a hearing where Attorney General Eric Ho...
U.S. House of Representatives Speaker John Boehner raised the possibility of jail time on Wednesday for law violations in the growing scandal involving the Internal ...
Julius Baer Group AG (BAER.VX) said Wednesday that assets under management rose 16% from the end of 2012 but cautioned investors that growth in new funds is being pr...
Deputy Attorney General James Cole on Tuesday wrote the Associated Press about the Justice Department's decision to subpoena the news agency's phone records, saying ...
When Wall Street traders want the latest insight on what's going on inside Ben Bernanke's mind, they are increasingly turning to Jon Hilsenrath.Searching for clues o...
C.R. Bard Inc. (BCR) has agreed to pay around $48.3 million to resolve whistleblower allegations that it gave kickbacks to doctors and other customers to buy the com...
Developing: The Associated Press said the U.S. government secretly mined two months' worth of phone records in what the wire service called a "serious interference" ...
Two executives at auto parts maker Denso Corp <6902.T> have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal ...
With identity theft rising, the federal government is considering making it easier for young victims to receive new Social Security numbers.Such a move could help te...
Among the companies with shares expected to actively trade in Tuesday's session are Home Depot Inc. (HD), Carnival Corp. (CCL) and HHGregg Inc. (HGG).Home Depot's fi...
The U.S. Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its s...
The Justice Department asked a federal judge to allow its lawsuit against Standard & Poor's Ratings Services to move forward on Monday.The filing in a California dis...
So far this week, a federal watchdog office has blasted how the Internal Revenue Service dealt with conservative groups, the president and members of Congress are on...
President Barack Obama on Friday sought to turn the spotlight from controversies threatening to swamp his agenda back to his top priority - the economy - and announc...
