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Exxon Ordered to Pay Gas Stations Up to $1.3B

LOS ANGELES – A federal judge has ordered Exxon Mobil Corp. (XOM) to pay damages to more than 10,000 gas station owners who were overcharged for their gasoline for more than a decade, a ruling that could cost the company $1.3 billion, an attorney for the plaintiffs said on Friday. …

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Crude Prices Rise but Remain Below $48

NEW YORK – Oil futures rose slightly but stayed below the $48 mark Thursday, after falling sharply on U.S. petroleum inventory data showing more strong growth in crude stocks. The market was sobered by Department of Energy (search) figures that revealed a build of 334 million barrels in the week …

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SEC to Issue Report on Accounting Lapses

WASHINGTON – The Securities and Exchange Commission (search) plans to release this month a long-awaited report on off-balance-sheet accounting of the sort that featured in the Enron Corp. (search) collapse and other recent corporate scandals, said a top SEC official on Tuesday. “The month of May is when we will …

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