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Byline: -- Staff and Wire Services

Wal-Mart won't appeal in Turlock

TURLOCK, Calif. -- Wal-Mart dropped its legal challenge to a city ordinance that blocked the retailer from building a proposed 225,000-square-foot Supercenter store.

Wal-Mart said it will not appeal a federal judge's ruling that rejected the retailer's lawsuit. Two years ago, the City Council passed the ordinance barring big-box stores This articlearticle or section has multiple issues:
* Its factual accuracy is disputed.
* It does not cite any references or sources. Please help improve this article by citing reliable sources.
 exceeding 100,000 square feet that devote at least 5 percent of their space to groceries.

In July, a U.S. District Court judge in Fresno said Turlock's zoning law did not infringe in·fringe  
v. in·fringed, in·fring·ing, in·fring·es

v.tr.
1. To transgress or exceed the limits of; violate: infringe a contract; infringe a patent.

2.
 on the company's constitutional rights. The state Supreme Court refused to hear the case.

Chevron confirms Chad tax dispute

SAN RAMON San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:

Argentina
  • San Ramón de la Nueva Orán, a city
Costa Rica
  • San Ramón, Costa Rica, the municipality of San Ramón
 -- Chevron Corp. confirmed Tuesday that a tax dispute with the government of Chad The Government of Chad has been controlled by Idriss Déby and his Patriotic Salvation Movement since December 2, 1990, and officially since February 28, 1991. An amendment to the Constitution of Chad, passed in 2005, allowed Déby to run for a third term.  has imperiled its involvement in a multibillion-dollar oil project in the African country.

Chad's leaders demanded that Chevron leave the country in a notice delivered Monday, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the San Ramon-based company.

The paperwork continues the fallout fallout, minute particles of radioactive material produced by nuclear explosions (see atomic bomb; hydrogen bomb; Chernobyl) or by discharge from nuclear-power or atomic installations and scattered throughout the earth's atmosphere by winds and convection currents.  from a squabble squab·ble  
intr.v. squab·bled, squab·bling, squab·bles
To engage in a disagreeable argument, usually over a trivial matter; wrangle. See Synonyms at argue.

n.
A noisy quarrel, usually about a trivial matter.
 that emerged over the weekend when Chad President Idriss Deby told Chevron and Malaysia-based Petronas that they owed $450 million in taxes.

Deby also suspended three government officials who negotiated the deals that allowed the companies into Chad.

Chevron maintains it has met all its outstanding tax obligations.

Schering-Plough OKs settlement

BOSTON -- Schering-Plough Corp. on Tuesday agreed to pay $435 million and plead guilty to conspiracy to settle a federal investigation into marketing of its drugs for unapproved un·ap·proved  
adj.
Not approved or sanctioned: an unapproved vaccine; an unapproved protest march. 
 uses and overcharging Medicaid for certain drugs.

Kenilworth, N.J.-based Schering-Plough said it will pay $255 million to resolve civil aspects of the previously disclosed investigation. A subsidiary, Schering Sales Corp., will pay a criminal fine of $180 million and plead guilty to one count of conspiracy to make false statements to the government. The agreement is subject to court approval.

Schering-Plough said the settlement resolves an investigation by the U.S. Department of Justice and the U.S. Attorney's Office in Boston that began before a new management team took over at the company in April 2003.

Economy worries led to Fed respite

WASHINGTON -- Worries about short-term damage to the economy led Federal Reserve policy-makers at their August meeting to halt a more than two-year-old interest rate-raising campaign.

By taking a breather, the Fed would have time to assess the toll on economic activity and inflation of its 17 rate increases since 2004, according to minutes of the Fed's Aug. 8 meeting, released Tuesday. It can take time for rate increases to work their way through the economy.

The Fed's goal is to push up rates to thwart inflation but not so much as to cripple crip·ple
n.
One that is partially disabled or unable to use a limb or limbs.

v.
To cause to lose the use of a limb or limbs.
 economic activity. It's a tricky task, economists say.
COPYRIGHT 2006 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Aug 30, 2006
Words:451
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