Gulf states reach $18.7 billion settlement with BP over 2010 oil spill

The settlement announcement comes as a federal judge was preparing to rule on how much the British oil giant owed in federal Clean Water Act penalties after millions of gallons of oil spewed into the Gulf. BP was leasing the Deepwater Horizon rig in April 2010 when it exploded and sank off the coast of Louisiana, killing 11 crewmen and releasing some 200 million gallons of crude into the Gulf. Read the rest here 12:48