BP TO FUND $20BN

Oil giant BP is to put $20bn (£13.5bn) in a compensation fund for victims of the Gulf oil spill and will not pay shareholders a dividend this year.
Barack Obama announced the compensation deal after talks at the White House with senior BP executives.
Shortly afterwards, BP chairman Carl-Henric Svanberg said dividends would not be paid for the rest of this year.
BP has been accused of failing to act swiftly after the explosion on the Deepwater Horizon rig on 20 April.
The blast led to the deaths of 11 people, caused the rig to sink and has since seen hundreds of thousands of barrels of oil spew into the Gulf of Mexico.

Some of that oil is now washing ashore in states along the Gulf coast.
The fallout is affecting businesses and wildlife, as well as wiping billions of dollars off BP's value.
BP's share price rose in US trading after an earlier slump as news of the funding deal emerged, but dipped as the day wore on and more details emerged.