Texaco Inc. received tentative court approval of...
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Times Staff and Wire Reports
Texaco Inc. received tentative court approval of a $176-million race discrimination settlement with 1,342 current and former black employees. A hearing is scheduled for March 18. . . . The Clinton administration has rejected a proposal to merge the U.S. Export-Import Bank and the Overseas Private Investment Corp. . . . Auto maker Mercedes-Benz has approved a reorganization plan to be reintegrated with its weaker parent company.
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