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Oil Spill Triggers Criminal Inquiry

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As latest attempt to stop leak fails, government initiates criminal probe into disaster.

President Obama vowed to pursue criminal inquiries into the Deepwater Horizon oil disaster, a few hours before Attorney General Eric H. Holder Jr. announced that federal authorities have opened criminal and civil investigations. Shares of BP PLC plunged 13 percent after it was revealed that the latest attempt to fix the leaking well failed. The selloff knocked $18 billion off BP's market......read more

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