Word: texaco
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Francis fled the island and the home where she had lived for "40 odd years" with her husband, a sea captain for Texaco, taking only a few photographs and the bank books for the Galveston Grandmothers Club. It was the first time she had left during a storm. In 1983, Hurricane Alicia, a category three storm, had blown hard but with no surge. This time, Hollywood Heights, her West End island neighborhood just two blocks off the beach was quickly put under water by Ike. A moldy black water line high on the yellow siding shows where the water...
...company filed for bankruptcy protection after a court said it owed Pennzoil $10.5 billion in damages stemming from an earlier merger agreement. Texaco eventually paid Pennzoil $3 billion, emerged from bankruptcy after 361 days and later became part of Chevron...
...Gwat, the riots were a fitting reaction. He believes that along with the rise in prices, the quality of fuel at many gas pumps has plummeted. "Our fuel is not fine," he says. "They have started to mix in kerosene. It damages the engines." The managers of two Texaco stations in Yaoundé refute Gwat's claim. Not even the finest fuel would have spared Gwat's taxi the ravages of years of chugging along rutted dirt roads and up and down Yaoundé's muddy hills in the tropical humidity and pounding rainstorms. It requires several runs...
...More recently, the law has been deployed by labor groups and NGOs trying to punish and modify the behavior of U.S. companies abroad. More than three dozen cases targeting companies have followed the first case, filed in 1993, against Texaco (now Chevron). That class-action suit, which alleged that a subsidiary of Texaco had improperly disposed of waste while extracting oil from the Ecuadorian Amazon, was eventually referred to Ecuadorian courts. The majority of other suits have been dismissed on jurisdictional grounds or are still pending, though at least one has been settled out of court...
...reason that employers favor diversity training. In the wake of whopping settlements in race-discrimination suits against large companies, including Texaco and Coca-Cola, over the past decade, employers believe that having a program in place can show a judge that they are sincerely fighting prejudice. But this too is a myth, says Dobbin: "I don't know of a single case where courts gave credit for diversity training...