BP acknowledged Tuesday it had failed to reach a settlement in advance of next week's civil trial on the Deepwater Horizon accident and is ready to defend itself vigorously against allegations of gross negligence in the U.S.'s biggest environmental disaster.

An expansion is under way for New Iberia-based American Pollution Corp. — one of the environmental remediation companies hired to clean up after such massive catastrophes as the 9/11 attacks and the BP oil spill.

A federal judge was expected to decide Thursday whether to approve Transocean Ltd.'s agreement with the Justice Department to plead guilty to a misdemeanor charge and pay $400 million in criminal penalties for its role in the massive 2010 oil spill in the Gulf of Mexico.

The Dow was held back by a slump in McDonald's stock Wednesday, leaving it short of a record.

Congressmen from coastal states want the Department of Interior to stop demolishing inactive offshore oil rigs until more study details the dangers to Gulf of Mexico fish species.

The Justice Department is suing a Houston-based company it accuses of illegally discharging oil from a platform in the Gulf of Mexico.

It's estimated the March 20 sale could lead to the production of 460 million to 890 million barrels of oil, and 1.9 trillion to 3.9 trillion cubic feet of gas.

Tokyo Electric Power Co., operator of the devastated Fukushima Dai-Ichi nuclear power plant, plans to buy liquefied natural gas from the LNG terminal in Cameron Parish, Louisiana, raising expectations Japan will tap into the U.S. shale gas boom.

Louisiana AG Buddy Caldwell claims British company illegally promoted Paxil, Wellbutrin, Advair, Lamictal, Zofran, Imitrex, Lotronex, Flovent and Valtrex.

Local company’s acquisition if Illinois-based group includes 19 home health agencies and two hospice agencies in five states.

Lafayette-based strategic branding and marketing communications firm expands to the New Orleans market with offices at 643 Magazine St.

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