The U.S. Securities and Exchange Commission on Thursday settled charges against hedge fund Two Sigma over failure to address known vulnerabilities in its investment models, the regulatory agency said.

BP (BP) announced on Thursday that it will cut around 4,700 staff, or over 5% of its total workforce, as part of CEO Murray Auchincloss' efforts to reduce costs.

BP announce plans to cut 4,700 jobs in £1.6bn cost-cutting drive - The energy firm is aiming to save two billion US dollars across two years