Word: settlements
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Although bad publicity may have been one of the factors that motivated Texaco to accept a settlement, it is preposterous to suggest that a corporation would pay the astronomical sum of $176 million merely to squash bad publicity. Leo's ridiculous assertion is not only unsubstantiated but also ignores hard evidence leveled against Texaco, such as the Justice Department's incriminating report. Furthermore, even his analysis of the recorded comments of Texaco's executives is a whitewash. The executive who referred to blacks as "black jelly beans" had indeed picked up this terminology from a black diversity instructor. However...
...YORK CITY: Investors sent tobacco stocks higher Tuesday, on reports that major tobacco companies were close to settling all of the suits brought by 21 states to recover Medicaid costs associated with smoking. But both the companies and the states deny that they are anywhere close to a comprehensive settlement. "There have been discussions about settlements with individual companies, most notably the Liggett Group," said Chris DeWitt, a spokesman for the Michigan attorney general's office. "But I have no information that there is any talk yet about a global settlement." Bloomberg News, quoting sources involved in the negotiations...
...YORK CITY: Investors sent tobacco stocks higher Tuesday, on reports that major tobacco companies were close to settling all of the suits brought by 21 states to recover Medicaid costs associated with smoking. But both the companies and the states deny that they are anywhere close to a comprehensive settlement. "There have been discussions about settlements with individual companies, most notably the Liggett Group," said Chris DeWitt, a spokesman for the Michigan attorney general's office. "But I have no information that there is any talk yet about a global settlement." Bloomberg News, quoting sources involved in the negotiations...
...SETTLEMENT REACHED. Between ANTHONY LAKE, 57, the CIA director-designate, and the Justice Department; in the amount of $5,000; for having delayed selling energy stocks while National Security Adviser; in Washington. The stocks raised a potential conflict of interest, but Justice found no evidence of wrongdoing...
...Clinton ordered a 60 day "cooling-off" period at 12:04 EST, invoking the 1926 National Railway Labor Act, which governs relations for the airline industry. While American pilots are back in the cockpit, a three-member emergency board named by Clinton will take a month to propose a settlement. If the union and the airline's parent company AMR fail to reach an agreement on the proposal within another month, Congress may impose one. "This dispute needs to be resolved as soon as possible," the President said in his statement, citing concerns that a strike would have cost...