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BP ups spill cost estimate by $8 billion as profits dive

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billion(Reuters) - BP lifted its estimate of the likely cost of its Gulf of Mexico oil spill to $40 billion on Tuesday, denting profits, but its underlying performance beat all expectations on higher refining margins and a lower tax rate.

'Plot' to kill Pakistan PM foiled

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Pakistani police say they have arrested a group of Islamist fighters who were plotting to kill the prime minister in a gun and suicide bomb attack at his house.Officials said on Thursday that the seven men were also planning to assassinate other government leaders.

FAA close to fine against American Airlines

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airlinesWASHINGTON/CHICAGO (Reuters) -The U.S. government is close to proposing a substantial fine against American Airlines, a unit of AMR Corp, for alleged maintenance and inspection violations that led to the grounding of hundreds of planes and the cancellation of thousands of flights in 2008.

Japan shares fall, dollar pauses ahead of data

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(Reuters) - Japanese shares closed at their lowest level in eight months on Tuesday and the dollar hovered near a 15-year year low against the yen on concerns of a global slowdown ahead of data from the United States and Europe.