The Traderszone Network

BP Plc (BP/) faces billions more in potential penalties after a judge found it acted with gross negligence in the 2010 Gulf of Mexico oil spill, dealing a blow to the company’s efforts to expand its drilling program as costs rise and production slips. District Judge Carl Barbier’s ruling laid the bulk of the blame on BP for the explosion, which killed 11 men and caused the largest offshore oil spill in U.S.

Jeffrey Currie, head of commodities research at Goldman Sachs, says gold prices will end the year at $1,050 an ounce, a 17 percent slide.

Home flipping in the U.S. is becoming less lucrative, RealtyTrac says. We tracked down some home flippers who are still sticking it out on the lower end of the market

In an annual ranking of global economies, the United States is regaining some luster.

The European Central Bank cut interest rates to new record lows on Thursday, unexpectedly lowering borrowing costs to try to lift inflation from rock-bottom levels and support the stagnating euro zone economy. The ECB cut its main refinancing rate to 0.05 percent from 0.15 percent. ECB President Mario Draghi had said after the ECB’s last rate cut in June that “for all the practical purposes, we have reached the lower bound”. In a landmark speech on Aug.

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The ECB announced broader than expected policy easing, as the Fed moves toward tightening, meaning higher U.S. rates and a stronger dollar.

Violations at Catcher Technology’s facility in Suqian have worsened since they were pointed out to Apple in April 2013, a new report said.