Morning Wrap: today's top business stories

News stories from around the web.

New Statesman

BP escalates efforts to block ‘inflated’ payments (FT)

BP is sending letters to lawyers for hundreds of businesses that it believes have received excessive compensation payments under the settlement for victims of the 2010 Deepwater Horizon disaster, warning them that they might have to pay the money back.

Direct Line to cut another 2,000 jobs amid cost-cutting drive (FT)

Up to 2,000 more staff at Direct Line Insurance are to lose their jobs after it more than doubled the size of a cost-cutting initiative announced in August.

Spending Review: George Osborne to reveal £11.5bn in cuts (BBC)

George Osborne is preparing to wield the axe in a fresh round of spending cuts that will set the tone for the next general election.

News International changes name to News UK (BBC)

News International, the media company behind newspapers including the Times and the Sun, has changed its name to News UK.

Funding for new Heathrow runways 'under threat', says chief Colin Matthews (Telegraph)

Colin Matthews, the chief executive of Heathrow Airport, has warned that private investors won’t fund vital new runways in Britain if they continue to make “unsustainable” returns on their investments.