BP faces new suit from feds
Legal wrangling has officially begun in the civil lawsuit against BP and eight other companies over the oil spill in the Gulf of Mexico - the fines and penalties could reach into the tens of billions of dollars.
Now all the legal wrangling has officially begun with the Department of Justice filing a civil lawsuit in New Orleans against BP and eight other companies over the oil spill in the Gulf of Mexico.
Although the complaint does not specify the damages that the administration is seeking, the fines and penalties under the laws cited in the complaint could reach into the tens of billions of dollars.
“We will not hesitate to take whatever steps are necessary to hold accountable those who are responsible for this spill,” said Attorney General Eric H. Holder Jr.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey