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The oil giant BP has reached an $18.7 billion settlement with Gulf states and the federal government over the 2010 oil spill in the Gulf of Mexico — the worst in U.S. history.

The former Florida governor becomes the 11th major Republican candidate for the party's presidential nomination.

Congress plans to address the Iranian nuclear deal this month. One unresolved issue: How much work might Iran have done previously on weaponizing its program?

The three Americans and a British man who took down a heavily armed man on a passenger train speeding through Belgium have received France's top honor.

The system, a pair of robotic arms, learned to cook by mimicking the motions of a top chef. Even though it can't smell or taste, its maker says the robot should be able to make 2,000 meals by 2017.

A Pennsylvania lawmaker wants to fine people who don't clean snow off their cars before getting on the road. Other states have similar laws. But for trucks, clearing the snow poses its own hazard.

A surprising New York Times report says the family of Chinese premier Wen Jiaboa has amasssed extraordinary wealth - about $2.7 billion dollars, while Wen presents himself as a modest leader with a common touch.

Pundits, reporters and campaigns have put a lot of energy into setting expectations for the candidates' performances. But playing the expectations game doesn't always land you on top or, for that matter, anywhere at all.

Big banks announced around 60,000 job cuts in 2011. With businesses and consumers still focused on reducing debt, there isn't the same need for financial services as there was before, says one banking analyst. The outlook in the years ahead is for a smaller, more stable and less profitable industry.

France was among nine European countries that saw their sovereign debt ratings cut Friday. The move could boost borrowing costs in Paris and undermine a plan to contain the European debt crisis. But the loss of France's AAA rating is also likely to play a role in President Nicolas Sarkozy's re-election bid.