According to a report from the Associated Press, Transocean is planning a memorial at the site of the Deepwater Horizon explosion next month for relatives of the 11 men who died in the April 20th disaster. Transocean is said to be arranging for a morning flyover at sea and a private evening memorial service on land.
Meanwhile, the Wall Street Journal says that wrongful-death settlements with families of workers killed in the oil-rig explosion are running at $8 million to $9 million so far, as companies are eager to settle the cases and avoid widely publicized trials.
Separately, the Justice Department is considering a broad range of civil and criminal charges against some of the people and companies involved in the oil spill, including involuntary-manslaughter charges for any acts of reckless negligence contributing to the deaths, according to a person familiar with the matter. The department declined to comment on Tuesday.
Read the full article from WSJ.com HERE.
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The US said Russia and Ukraine have agreed to a ceasefire in the Black Sea and to work out mechanisms for implementing their ban on strikes against energy infrastructure.
CK Hutchison Holdings Ltd. warned of a deteriorating global business environment due to geopolitical and trade tensions, as the Hong Kong conglomerate reported weaker-than-expected profit while a ports sale plan faces uncertainty after infuriating Beijing.
The U.S. hit targets across Yemen in airstrikes overnight, including Saada province, which Yemeni sources say is a long-time hideout for Iran-aligned Houthi leaders, and the Red Sea port city of Hodeidah.
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