Business News Archive - November 15, 2012
British Petroleum (BP) has agreed to plead guilty to felony charges stemming from the spill, paying out $4.5 billion in damages, including an additional $1.26 billion in criminal fees.
Word of the Day
- The offense of persistently instigating lawsuits, typically groundless ones.
- An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
- Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.