Lawyers for BP, and thousands of people affected by the Deepwater Horizon accident and oil spill, had been expected, for a long time, to be in a New Orleans courtroom this morning for a civil trial. Instead, they're reviewing a deal to settle the case.
BP estimates it would pay nearly $8 billion in the settlement. In exchange, the company would avoid revisiting, in a courtroom, what led up to the drilling rig explosion that killed 11 men and poured massive amounts of oil into the Gulf of Mexico.
And today's last word in business is a blast from the past: Datsun, a name that you may remember if you're of a certain age. The cut-priced Japanese cars first appeared in the United States in 1958, when Elvis topped the charts. Datsun was produced by Nissan, which decided to phase out the brand in the 1980s. Now a Japanese newspaper says Nissan may bring it back.
Sadly, American Datsun enthusiasts may have to travel far to find one. Nissan's plans to sell low-priced cars only in emerging markets like India and Russia.
The death toll from the tornados that slammed Midwestern and Southern states on Friday has now risen to 39. The latest victim is Angel Babcock, 15 months old. She died on Sunday in a hospital in Louisville, Kentucky. The toddler was found in the shattered remains of her family's home. Her parents and two siblings were also killed.
Yemen has changed its president, but has not come to the end of its trouble. Yesterday, militants overran a military base in south Yemen. Dozens of people were killed, and al-Qaida has claimed responsibility.
The small town of Piner, Kentucky was one of many badly hit by the devastating tornadoes that ripped through the Midwest and the South. At least four people in Piner were killed by the storms, but many residents of the town are trying to return to normal life today, and that includes going back to school. Teri Cox-Cruey is the superintendent of schools for Kenton County, which includes Piner. She joins us on the line now. Good morning.
It would be easy not to have known Continental Airlines has been merged with United for two years. That will change Saturday when all operations and branding are combined under just United. Any hiccups could mean delays throughout the airline's system.
When Joan and Izzy Schwartz got married, they spent their wedding night in a suite at the Waldorf-Astoria Hotel in Manhattan. Back then, the room cost $16.80. For their 60th anniversary, the Waldorf will give the couple a room for the same rate they paid in 1952.
Students at London's Kingston University this week unveiled luxury designs made of bio-degradable materials. There are stilettos made from pistachio shells and coffee beans, a wood-chip corset and a top made from orange peel.
And in Michigan, there's a fight going on over one delegate to the Republican National Convention. Rick Santorum's campaign team says its candidate is a victim of, quote, thuggery. They accuse Michigan Republican leaders of engineering an after-the-fact rules change to give Mitt Romney a slim lead in delegates from last Tuesday's state primary.
We have more from Michigan Public Radio's Rick Pluta.