BP says Gulf oil spill price tag will be higher
NEW ORLEANS -- BP is warning investors that the price tag will be "significantly higher" than it initially estimated for its multibillion-dollar settlement with businesses and residents who claim they were affected by the 2010 oil spill in the Gulf of Mexico.The London-based oil giant estimated last year that it would spend roughly $7.8 billion to resolve tens of thousands of claims covered by the settlement agreement. But in a regulatory filing this week, BP PLC said businesses' claims have been paid at much higher average amounts than it had anticipated.-- The Associated PressGoogle to pay $7 million fine in mapping caseSAN FRANCISCO -- Google will pay a $7 million penalty to settle a multistate investigation into the Internet search leader's collection of emails, passwords and other sensitive information sent over wireless networks in neighborhoods throughout the country several years ago, a source familiar with the matter said.The case dates back to 2010 when Google said company cars taking street-level photos for its online mapping service also had vacuumed up personal data transmitted over wireless networks not protected with passwords.Meanwhile, Google is cutting an additional 1,200 jobs in its Motorola division as the unprofitable cellphone maker struggles to compete.-- The Associated PressFish McBites aren't reeling in salesNEW YORK -- McDonald's new Fish McBites failed to hook enough diners. The world's biggest hamburger chain said Friday that a key sales figure was down 3.3 percent in the U.S. for the month. When excluding the extra day of sales in February of last year, which was a leap year, the company said the figure was flat. That was despite the rollout of the Fish McBites nuggets in three sizes.-- The Associated PressNews Corp. spins off publishing companyNEW YORK -- News Corp. said Friday that it will spin off its publishing division with $2.56 billion in cash and no debt, giving it the means to invest. The amount of cash the publishing unit will receive was included in a securities filing Friday. The separation from the TV and movie businesses is expected by June.-- The Associated PressHave more to add? News tip? Tell us
