EC

BP, which needs to raise funds to help clean up the worst oil spill in U.S. history, said Tuesday it will sell its operations in Colombia for $1.9 billion to Ecopetrol and the Canadian company Talisman. Ecopetrol is the largest oil company in Colombia.

As expected, the E.U. raised objections to the Oracle (ORCL) buyout of Sun (JAVA) at about the same time that the Department of Justice approved the deal. The E.U.'s objection is based on the large market share that the two tech companies would have in the MySQL software business. European...

Intel Corp. (INTC) was fined a record €1.06 billion ($1.44 billion) on Wednesday by the European Union. The EU said the largest chip maker in the world, with 80 percent of the personal computer microprocessor market, used illegal sales tactics to block smaller rival Advanced Micro Devices...