DeepwaterHorizon

BP has big problems, and not just because of the Gulf of Mexico oil spill and the $20 billion compensation fund it set up to pay the victims. The petro-giant has been missing Wall Street's profit targets lately, thanks to sloppy operations and a general trend toward lower gasoline consumption.

Victims of the Gulf of Mexico oil spill who receive compensation from BP's (BP) $20 billion escrow fund can't sue the U.K.-based firms' partners as well, according to BP executives and many others. But Ken Feinberg, the former pay czar who will run the huge escrow account, says that this may not be...

Texas Republican Rep. Joe Barton said during today's hearing he was "ashamed" that BP had been the victim of a "shakedown" after the company agreed to set aside $20 billion for claims resulting from the spill. He then issued a retraction.

Paddy Power, the famous Irish bookie operation, predicts that BP (BP) CEO Tony Hayward will be the first executive to leave the company in light of the Deepwater Horizon spill. The bookmaker puts the odds against him at 6-to-4. The bookmaker puts that odds that BP chairman Carl-Henric Svanberg is...

New studies show that the oil well disaster in the Gulf of Mexico may be releasing oil at a rate five times previous estimates. And the disaster could have been avoided.