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Federal suit to stop Halliburton, Baker Hughes deal

Federal suit to stop Halliburton, Baker Hughes deal

WASHINGTON (AP) — The Justice Department on Wednesday sued to stop Halliburton Co. from acquiring oilfield services rival Baker Hughes Inc., saying the deal would harm consumers and eliminate head-to-head competition. The proposed transaction, valued at nearly $35 billion, would combine two of the world’s three leading providers of those services to oil and gas companies and create a bigger ...

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Volkswagen official urges US to consider fallout of fines

Volkswagen official urges US to consider fallout of fines

BERLIN (AP) — The head of Volkswagen’s employee council said Tuesday he hopes that American authorities will consider the potential fallout on jobs in the U.S. and beyond as they mull what fines to impose on the company over its emissions-rigging scandal. The cost to Volkswagen of the scandal that erupted in September remains unclear. In January, the Justice Department ...

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US, states finalize settlement with BP over gulf oil spill

WASHINGTON — The Justice Department and five states have finalized a settlement of more than $20 billion arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The deal announced Monday resolves all civil claims against BP and ends five years of legal fighting over the nearly 134 million-gallon spill. “BP is receiving the punishment it deserves, ...

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Schlumberger Ltd. to pay $232M in sanctions violations case

WASHINGTON — The world’s largest oil services company, Schlumberger Ltd., has agreed to a penalty of more than $232 million and one of its subsidiaries will plead guilty to trade sanctions violations, the Justice Department announced Wednesday. The criminal case against Schlumberger Oilfield Holdings Ltd. resolves a yearslong investigation into allegations that the wholly owned subsidiary had illegally conducted business ...

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XTO Energy fined $2.3 million by federal agencies for W.Va. violations

Fort Worth-based XTO Energy has been fined $2.3 million for violating the Clean Water Act related to its drilling operations in the Marcellus Shale in West Virginia, two federal agencies said Monday. The Environmental Protection Agency and the Justice Department said XTO, a subsidiary of Irving-based Exxon Mobil, will also spend $3 million to restore eight sites damaged by unauthorized ...

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