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$18.7B settlement in oil spill

BP has reached a historic agreement with five Gulf States to settle the claims made against the company from the Deepwater Horizon oil spill in 2010, resulting in the largest environmental settlement in history.


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Who’ll flinch in nuclear chicken?

The U.S. is one of six nations at the table with Iran in Vienna, but the nuclear talks are shaping up to be a high-stakes game of chicken between Washington and Tehran.


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10th shark attack in Carolinas

A man in his late 60s was attacked by a shark in North Carolina on Wednesday, in what was the seventh such attack in the state this year.


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How safe is your swim?


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Hillary Clinton’s ‘Santa’ revealed

Hillary Clinton’s secret Santa is a hairdresser in New York.


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Where They Stand: Scott Walker on issues of 2016 campaign

FILE - In this Feb. 11, 2015 file photo, Wisconsin Gov. Scott Walker leaves No. 11 Downing Street in London, after a meeting with Britain's Chancellor of the Exchequer George Osborne at No 11 Downing Street, the Chancellor's official residence. (AP Photo/Tim Ireland, File)MADISON, Wis. (AP) — Where two-term Wisconsin Gov. Scott Walker stands on various issues that will be debated in the Republican presidential campaign, a race he's joining.



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BP to pay record $18.7 bn over Gulf of Mexico oil spill

Crews on ships work on stopping the flow of oil at the source site of the Deepwater Horizon disaster on May 29, 2010 in the Gulf of Mexico near Venice, LouisianaBritish energy giant BP said Thursday it had agreed to pay a record $18.7 billion (16.9 billion euros) to compensate the US government and five states for damages stemming from the deadly 2010 Gulf of Mexico oil spill. The spill was sparked by an explosion on the Deepwater Horizon rig, which killed 11 men. Millions of barrels of oil flowed into Gulf waters, in one of the worst environmental disasters to strike the United States.



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Tiger Woods shoots 4-under 66 at Greenbrier Classic

Tiger Woods tips his ball to the crowd after a birdie on the 16th hole during the first round of the Greenbrier Classic golf tournament at the Greenbrier Resort in White Sulphur Springs, W.Va., Thursday, July 2, 2015. (AP Photo/Steve Helber)WHITE SULPHUR SPRINGS, W.Va. (AP) — Tiger Woods has rebounded from a dismal U.S. Open with a 4-under-par 66 in the opening round of The Greenbrier Classic.



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Greek vote campaign begins amid grinding cash crisis

Pensioners wait to be allowed into the National Bank of Greece to withdraw a maximum of 120 euros ($134) for the week, Thursday, July 2, 2015. Greece braced for more chaos on the streets outside its mostly shuttered banks Thursday, as Athens and its creditors halted talks on resolving the country's deepening financial crisis until a referendum this weekend. (AP Photo/Daniel Ochoa de Olza)ATHENS, Greece (AP) — The battle for Greek votes entered full swing Thursday ahead of a crucial weekend referendum that could decide whether the country falls out of the euro. For Greeks, particularly the elderly, the daily struggle to get cash ground on in the face of uncertainty.



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‘Every day is Sunday’ for struggling Greek businesses hit by bank shutdown

ASPROPYRGOS, Greece (Reuters) – The ANTYMET car-recycling company northwest of Athens was already down on its luck after six years of one of the worst economic crises of modern times. Then the Greek government closed the banks.
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IMF warns of huge financial hole as Greek vote looms

The word 'No' in Greek is seen on a banner hanging from Athens' University buildingBy Renee Maltezou and David Chance ATHENS/WASHINGTON (Reuters) – The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future in Europe. Days after Greece defaulted on part of its IMF debt, the Fund, part of the lenders' "troika" behind successive international bailouts, said Greece needed an extra 50 billion euros over the next three years, including 36 billion from its European partners, to stay afloat. It also needed significant debt relief.



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FDA clears drug for leading form of cystic fibrosis

WASHINGTON (AP) — Federal health officials have approved a new combination drug for the most common form of cystic fibrosis, the debilitating inherited disease that causes internal mucus buildup, lung infections and early death.
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Train derailment, fire prompts evacuation in Tennessee

Smoke rises from a CSX train carrying flammable and toxic gas in Maryville, Tenn., Thursday, July 2, 2015. (Michael Patrick/Knoxville News Sentinel via AP)MARYVILLE, Tenn. (AP) — A car on a CSX train carrying a flammable and toxic substance derailed and caught fire in eastern Tennessee, prompting the evacuation of thousands of people within a 2-mile radius.



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The Latest: Greek party: Media biased in referendum coverage

Supporters of the No vote hang a banner reading in Greek and English '''NO to austerity and fear'' referring to the upcoming referendum atop of Lycabettus hill in Athens, Thursday, July 2, 2015. The battle for Greek votes entered full swing Thursday ahead of a crucial weekend referendum that could decide whether the country falls out of the euro. (Antonis Nikolopoulos/Eurokinissi via AP) GREECE OUTATHENS, Greece (AP) — The latest news on Greece's financial woes (all times local):



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Leopard mauls guide’s arm in attack in South African park

JOHANNESBURG (AP) — Authorities in South Africa say a leopard has mauled a wildlife guide in an attack on an open tourist safari vehicle in the country’s flagship wildlife park.
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Timeline: BP oil spill, litigation at a glance

(Reuters) – BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said. The following is a timeline of key events: * April 20, 2010, RIG EXPLODES: An explosion on the Deepwater Horizon oil rig at the Macondo exploration well kills 11 workers and releases millions of barrels of crude oil into the Gulf of Mexico. The well is capped in mid-July. BP ultimately sets aside $42 billion to pay for cleanup costs, damages and penalties. …
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BP reaches $18.7 billion settlement over deadly 2010 spill

File photo of fire boat response crews battling the blazing remnants of the offshore oil rig Deepwater Horizon off LouisianaBy Terry Wade and Kristen Hays HOUSTON (Reuters) – BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. BP shares jumped more than 5 percent in New York trading as investors said the British company, often mentioned as a potential acquisition target, could now turn the page on one of the darkest chapters in its century-long history. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act fines and natural resource damages, plus $4.9 billion to states.



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White House says hopes BP settlement to help Gulf region recover from spill

The White House said on Thursday it was pleased to see an agreement reached with BP to end litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico oil spill. “While we have not had a chance to review this agreement in detail, we are pleased to see that this historical agreement will help repair the damage done to the local economies of the gulf and to the wetlands, wildlife and fisheries impacted so severely by the Deep Water Horizon spill,” White House spokesman Eric Schultz told reporters traveling on Air Force One.
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Factbox: BP’s $18.7 billion oil spill deal by the numbers

BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history. The deal, which is subject to public comment and final approval by U.S. District Judge Carl Barbier in New Orleans, aims to settle Clean Water Act violation and natural resource damages with U.S. Department of Justice. The Justice Department and the Gulf states can jointly decide to accelerate payments if BP goes bankrupt or has a change of control, such as a takeover by another company.
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Factbox: BP settlement payouts to coastal states in 2010 oil spill

(Reuters) – (This version of the story was refiled to add dropped word ‘hit’ in paragraph 10 to make it ‘hardest-hit’) BP Plc’s agreed to pay out $18.7 billion to the U.S. government and five coastal states to settle damages claims from the 2010 Gulf of Mexico spill. The following are details of the payouts and reaction from officials in Alabama, Florida, Louisiana, Mississippi and Texas: THE BP PAYOUT: $4.9 billion to resolve the states’ economic claims over 18 years. $7.1 billion over 15 years to resolve natural resource damage claims under the Oil Pollution Act of 1990.
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Weak employment report dampens September rate hike bets

Paige Leonard speaks with a recruiter from a jewelry and gem company during the GIA Jewelry Career Fair in New York in this file photoU.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. Nonfarm payrolls rose 223,000 last month, down from 254,000 in May, with construction and government employment unchanged, and the mining sector purging more jobs, the Labor Department said on Thursday. The unemployment rate fell two-tenths of a percentage point to 5.3 percent, the lowest since April 2008, but that was a sign of weakness not strength as it reflected about 432,000 people leaving the labor force.



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Stakes rise in Greece’s bailout referendum

Prime Minister Alexis Tsipras has urged people to vote against the latest bailout dealThe radical left government of Prime Minister Alexis Tsipras "may very well" resign if Greeks spurn its call to vote 'No' in Sunday's plebiscite, Finance Minister Yanis Varoufakis said. The International Monetary Fund highlighted the deteriorating situation in Greece by slashing the country's growth forecast this year from 2.5 percent to zero. Accelerating austerity, closed banks this week and the prospect of crashing out of the eurozone — and maybe even the European Union — are taking their toll on Greece's population of 11 million.



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Virginia’s Pamunkey Indian Tribe granted federal recognition

NORFOLK, Va. (AP) — The Department of Interior granted federal recognition to a Virginia Indian tribe for the first time on Thursday, more than 400 years after the first permanent English settlers encountered those Indians.
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Sanders raises $15 million after launching presidential bid

Democratic presidential candidate, Sen. Bernie Sanders, I-Vt. speaks during a town hall meeting, Thursday, July 2, 2015, in Rochester, Minn. (AP Photo/Jim Mone)WASHINGTON (AP) — Sen. Bernie Sanders' presidential campaign says the Vermont Democrat has raised $15 million since joining the race in late April, a strong total for his challenge against front-runner Hillary Rodham Clinton.



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U.S. says relationship with Germany remains strong despite spy reports

The United States’ relationship with Germany remains deep and strong, the State Department said on Thursday after the U.S. ambassador met in Berlin with a top German official to discuss the latest revelations about NSA spying. “Our desire is not to have any strain on the relationship,” State Department spokesman John Kirby said at a news briefing. In the latest twist in a scandal over U.S. spying in Germany, media reported the National Security Agency bugged several senior government members in addition to Merkel, including the economy and finance ministers.
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USPS to offer Elvis Presley greatest hits CD with stamp

This image released by the United States Postal Service shows the new Elvis Presley forever stamp available August 12. The USPS is also releasing an Elvis Presley greatest hits CD "Forever Elvis" to go along with the new commemorative stamp. (USPS via AP)NASHVILLE, Tenn. (AP) — The U.S. Postal Service is offering an Elvis Presley greatest hits CD to go along with a new commemorative stamp.



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Egypt military pounds Sinai militant positions, kills 23

An Egyptian armored vehicle patrols on the Egyptian side of the border, seen from the south of the Gaza Strip, Thursday, July 2, 2015. The Egyptian military killed 23 extremists in dawn raids Thursday in northern Sinai, security officials said, a day after Islamic militants attacked army positions in the restive peninsula and set off the bloodiest fighting in decades. The raids took place just south of the border town of Rafah, a key Sinai border town near the Gaza Strip, said the officials. (AP Photo/Adel Hana)CAIRO (AP) — The Egyptian military pounded Islamic militant positions and killed 23 extremists in dawn raids in Sinai on Thursday, a day after an unprecedented assault by Islamic State-linked extremists in the restive peninsula that undermined government efforts to stem an insurgency in the area despite a two-year crackdown.



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US stocks lower after mixed US job report, new Greek fears

FILE - This Thursday, Oct. 2, 2014, file photo, shows the facade of the New York Stock Exchange. European stocks were little changed and Treasury prices rose Thursday, July 2, 2015, following a solid U.S. jobs report for June. (AP Photo/Richard Drew, File)NEW YORK (AP) — U.S. stocks fell in afternoon trading Thursday following the release of a mixed report on the U.S. job market and news that Greek finances are deteriorating as a Sunday referendum on terms of an international bailout nears. While U.S. payrolls grew overall, many people gave up looking for work and wage growth stalled. Investors drove bond prices up in a bet that the Federal Reserve will be in no hurry to raise interest rates soon.



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