BP’s Corruption Probe Results, DirecTV’s Brazil Buys, and 3 More Hot Stocks
BP (NYSE:BP): Former FBI Director Louis Freeh, tasked with investigating the claims procedures behind BP’s enormous Gulf spill settlement, has found evidence of attempts by senior lawyers working on the program to ”corrupt” the process, The Telegraph reports. Though Freeh said the conduct was improper, unethical, and possibly criminal, and recommended that his report be passed on to the Department of Justice, he did clear claims administrator Patrick Juneau of any wrongdoing, and said the problems he found didn’t warrant the suspension of payments to victims.
DirecTV (NASDAQ:DTV): DirecTV subsidiary Sky Brasil has bought TV Show Brasil S.A. and Rapix Tecnologia e Internet Ltda, both of which provide pay-TV and broadband services in certain regions of Brazil. The company’s Latin American operations have posed some issues in the past, but it has proved to be a valuable division overall.
Southwest Airlines Co. (NYSE:LUV): Southwest’s revenue passenger miles fell 2 percent to 9.2 billion in August, dented by lower capacity and a decreased load factor. However, the carrier was more efficient during the month when it came to PRASM, which was up 4 percent over August 2012.
Whole Foods Market (NASDAQ:WFM): Whole Foods will be charting territories outside of its usual modus operandi with a new store in the South Side neighborhood of Chicago, which is a decidedly more urban environment than the company’s typical target market. Chicago politicians urged the grocer to become an anchor in a developing city project instead of jumping into a well-established urban sprawl.
Don’t Miss: BP’s Spill Settlement Hearing Gets Expedited.