Justice Department probes whether BP execs lied to Congress: WSJ

NEW YORK (Reuters) - The U.S.

NEW YORK (Reuters) - The U.S.

Ravi Nagarajan submits:The official moratorium on deepwater drilling in the U.S. Gulf of Mexico was lifted in October 2010, but has been replaced with what can only be described as a quasi moratorium as new permits continue to languish in a byzantine approval process that has frustrated the industry. Investors and industry participants have every reason to be confused.

Wal-Mart Stores Inc., the world’s biggest retailer, said it’s investigating how it got a license for a store in Mexico as the New York Times reported its local unit bribed an official to change a zoning map.