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 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.
Ryan Shank-Rowe, 9, takes part in a therapeutic riding program at Little Full Cry Farm in Clifton, Va., last month.
Credit Maggie Starbard / NPR
Thelma Balmaceda, age, 4, pets Viola, the resident canine at the Children's Inn on the campus of the National Institutes of Health in Bethesda, Md. Families stay at the inn when their children are undergoing experimental therapies at NIH.
Credit Melissa Forsyth / NPR
Cathy Coleman is a speech pathologist for the Northern Virginia Therapeutic Riding Program. She uses a horse named Happy in her therapy sessions with 9-year-old Ryan Shank-Rowe, who has autism.
Those of us who own pets know they make us happy. But a growing body of scientific research is showing that our pets can also make us healthy, or healthier.
That helps explain the increasing use of animals — dogs and cats mostly, but also birds, fish and even horses — in settings ranging from hospitals and nursing homes to schools, jails and mental institutions.
A welder at Specialty Fab in North Lima, Ohio, works March 1 on a piece of a compressor skid frame that is bound for the Ohio Shale project. Manufacturing companies such as Specialty Fab could receive tax breaks if a proposal from the Obama administration goes through.
Credit Jim Watson / AFP/Getty Images
An employee at GSE Dynamics, a small manufacturing company that makes parts for the Navy and Air Force.
The White House says restoring the U.S. manufacturing sector is an essential part of getting the economy back on track.
GOP candidate Rick Santorum wants to see tax breaks for manufacturing companies, and the Obama administration proposed something similar last week. But economists say tax breaks may not be the best way to help manufacturers right now.
Over the years, the steady loss of good factory jobs is a big reason why wages have stagnated for people who never went to college, says Dean Baker, co-director of the Center for Economic and Policy Research.