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FBN’s Lauren Simonetti on reports BP is working on a settlement to avoid a potentially expensive federal trial.
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Little bit meantime BP is beating the clock it is getting a delay in a trial about that big -- -- towards a phonetic.
On a deal that could be in the work.
It's.
Yelled -- trial to decide who should pay for the massive BP oil spill in nearly two years ago has been postponed from today until March 5.
The delay gives BP and a 120000.
Businesses and individuals affected by the Gulf of Mexico -- time to try to cut a deal.
While BP ensures us that the talks do not guarantees settlements there is optimism on Wall Street.
In London trading today BP stock reached the 500 level for the first time since April 2010 and that's when the macondo well blew out.
And spilled nearly five million barrels of oil into the pristine waters of the Gulf of Mexico lasting for 87 days eleven men were killed.
BP has accepted responsibility for the disaster is estimated legal and clean up costs are 43.
Billion dollars -- Thank you very much --
