LITTLE ROCK, Ark. (KTHV) -- CNN's Maribel Aber has your top business and financial news on this Monday, February 25.
Gas prices jump, but not as high, survey finds
Gas prices have jumped again, but there is good news on the horizon, the publisher of a new survey said Sunday. Over the past two weeks, prices at the pump have jumped 20 cents, adding to a total rise of nearly 54 cents over the past nine weeks, according to the Lundberg Survey. A gallon of self-serve regular costs $3.80 on average nationwide, the survey found. But the speed of the spike has slowed substantially. And now, prices may even start to drop, says publisher Trilby Lundberg.
Settlement offer to BP takes shape
The U.S. Justice Department and Gulf Coast states are considering offering BP BP.LN +0.24% PLC a deal under which the company would pay $16 billion to settle civil claims related to the deadly 2010 Deepwater Horizon incident, according to people familiar with the discussions. The settlement offer would cover potential fines owed by BP under the Clean Water Act, and payments under an environmental evaluation known as the Natural Resources Damage Assessment, the people said.
FAA: 787 can't return until fire risks fixed
Federal Aviation Administration officials said they're reviewing a proposal from Boeing Co. BA +0.86% to let the 787 Dreamliner fly again, but reiterated the agency won't permit the plane to return to service until officials are confident safety risks over the jetliner's lithium-ion batteries have been addressed. The agency's comments came after FAA Administrator Michael Huerta and Deputy Transportation Secretary John Porcari met Friday with a delegation led by Ray Conner, chief of Boeing's commercial unit, to discuss a package of modifications to the 787's battery system that Boeing hopes will end the FAA's five-week-old grounding of the 787.
Here's HP's comeback tablet: the steel-framed, Android-based Slate7
HP is back in the non-Windows small tablet game, and this time Android is the platform. The company's webOS-based TouchPad may have been loved by some, but not by enough to help HP battle the iPad. Now, after a year of licking its wounds, HP has returned with the Slate7. The Slate7 is HP's new entry-level tablet, a cheap-ish 7-inch Android device that has two main selling points: its shell is stainless steel, and it features Beats Audio, just as the TouchPad did.