For Decemer 17th
10:12 a.m. Cameron Inernatinal Corp. has agreed to pay BP $250 million to settle any legal claims arising from the spill last year, caused by some faulty equipment that Cameron provided.
11:32 a.m. It has been revealed today that, in the wake of the EU giving banks unlimited access to 3 year funding from European Central Funding, the European banks need to generate 115 billion euros in extra capital to offset the fall in value of government bonds.
12:58 p.m. Hostilitys increase as Martin Marriete attempts to, in an unfriendly manner, take over Vulcan materials. The two company's have been planning a merger for the past weeks but Vulan Materials has hit out describing it as a "hostile takeover", heavily suggesting that they believe Martin Marriete's offer is an undervaluation.
3:58 p.m. The Mid American Energy Holdings company has decided to invest a 49% share in a solar farm, being worth $1.8 billion, owned by NRG, to increase it's involvement with renewable energy.
4:43 p.m. HMV has called an urgent suppliers meeting after their shares dropped to 3.87p after Christmas sales failed to deliver. They are expected to report losses of up to £40million for their first-half.
7:00 p.m. Lawyers have begun furiously working on drafting up the European fiscal which, in design, should help restore order to the EU and it troubled economy.
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