blowout

Cameron International, the maker of the Deepwater Horizon blowout preventer that failed to stop last year's massive oil spill in the Gulf of Mexico, has agreed to pay $250 million to BP under a legal settlement, BP said Friday.

Public opinion wavered after the Deepwater Horizon blowout, but in general Americans back plans to reduce oil imports.

Federal investigators are pushing back against criticism they aren't doing enough to keep companies involved in the Gulf oil spill away from any hands-on role in the forensic analysis of a key piece of equipment that failed to keep crude from entering the sea.

Decisions intended to save time and money created an unreasonable amount of risk that triggered the largest offshore oil spill in U.S. history, a disaster that could happen again without significant reforms by industry and government, the presidential panel investigating the BP blowout concluded Wednesday.

The failure of a Rolls-Royce engine on a Qantas flight was the latest in a series of problems for the engine maker.

Tests performed before the deadly blowout of BP's oil well in the Gulf of Mexico should have raised doubts about the cement used to seal the well, but the company and its cementing contractor used it anyway, investigators with the president's oil spill commission said Thursday.

At first, BP tried to stop the oil rushing into the Gulf of Mexico by flipping a blowout preventer switch.

Google Inc posted a 23 percent jump in quarterly revenue on a rebound in Web advertising, but its stock fell 5 percent as the company disappointed some investors accustomed to blowout results.

Another financial quarter, another period of blowout profits for Goldman Sachs. With some of the other big banks still losing money, many may wonder: How does Goldman do it?