BP (BP +0.6%) opens modestly higher after the Sunday Times reported it is nearing a £7.4B...

|About: BP p.l.c. (BP)|By:, SA News Editor

BP (BP +0.6%) opens modestly higher after the Sunday Times reported it is nearing a £7.4B ($15B) settlement with the U.S. Department of Justice as it seeks to draw a line under the Deepwater Horizon disaster. The deal reportedly would resolve all criminal and civil penalties, removing the overhang of a lengthy and costly legal battle.