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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 16, 2012
Page
3
The U S Postal Service reports a record 15.9 billion dollar annual loss for the year ending Sept 30 2012 and warns of more red ink in 2013 due to retiree health costs and labor expenses.
BP agrees to plead guilty to 11 felony counts and pay a record 4.5 billion dollars over the Deepwater Horizon disaster. The settlement names 11 workers' deaths, with two BP employees charged with manslaughter. prosecutors say BP's culture prioritized profit over safety.
Florida Governor Rick Scott's office says the BP settlement is unacceptable as no direct state payment is mandated. The deal includes a 4.5 billion criminal plea and funds for conservation, while Senator Nelson applauds the agreement.
The Justice Department lists top criminal penalties, led by BP PLC with 1.256 billion in November 2012 for the Deepwater Horizon disaster. Pfizer 1.195 billion in October 2009 over Bextra promotion. GlaxoSmithKline 956.8 million plus 43.2 million forfeitures in October 2010 for Paxil Wellbutrin Avandia misbranding. Abbott 700 million in May 2012 for Depakote promotion. Eli Lilly 515 million plus 100 million forfeiture in January 2009 for off label antipsychotic marketing.
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