The U.S. Environmental Protection Agency has suspended BP PLC from future government contracts, citing its “lack of business integrity” as demonstrated by the Deepwater Horizon disaster. BP must provide “sufficient evidence to EPA demonstrating that it meets Federal business standards” before it can win future contracts.
BONUSES BOOSTED
Cravath, Swaine & Moore announced that it would boost associate bonuses by 33 percent this year. First-year associates at the New York-based firm will receive $10,000 each and seventh-year associates $50,000. A number of New York-based firms said they would follow suit.
ANOTHER MEGAMERGER
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