Lawyers for BP, and thousands of people affected by the Deepwater Horizon accident and oil spill, had been expected, for a long time, to be in a New Orleans courtroom this morning for a civil trial. Instead, they're reviewing a deal to settle the case.
BP estimates it would pay nearly $8 billion in the settlement. In exchange, the company would avoid revisiting, in a courtroom, what led up to the drilling rig explosion that killed 11 men and poured massive amounts of oil into the Gulf of Mexico.
And today's last word in business is a blast from the past: Datsun, a name that you may remember if you're of a certain age. The cut-priced Japanese cars first appeared in the United States in 1958, when Elvis topped the charts. Datsun was produced by Nissan, which decided to phase out the brand in the 1980s. Now a Japanese newspaper says Nissan may bring it back.
Sadly, American Datsun enthusiasts may have to travel far to find one. Nissan's plans to sell low-priced cars only in emerging markets like India and Russia.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
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And I'm Renee Montagne.
The Republican presidential hopefuls for were in full tasting mode over the weekend, from barbecue to breakfast, as they took their campaigns to voters ahead of Super Tuesday. Rick Santorum, Ron Paul, and Newt Gingrich went on Sunday morning talk shows. Mitt Romney campaigned in the key states of Georgia and Tennessee.
The death toll from the tornados that slammed Midwestern and Southern states on Friday has now risen to 39. The latest victim is Angel Babcock, 15 months old. She died on Sunday in a hospital in Louisville, Kentucky. The toddler was found in the shattered remains of her family's home. Her parents and two siblings were also killed.
NPR's business news starts with more bad news for News Corp.
An FBI investigation of Rupert Murdoch's media company is now looking to Russia. A billboard company, News Outdoor Russia, owned until last year by News Corp, is being scrutinized over possibly bribing public officials. The FBI began looking into News Corps' operations after its British newspapers were embroiled in a bribery and phone hacking scandal.