CHEVRON

He's the flashiest tycoon in one of Asia's poorest cities, with a canary-yellow Lamborghini parked outside his neoclassical mansion.

A Judge in Rio de Janeiro state in Brazil blocked a request that Chevron and Transocean's operations in that country be halted following two offshore oil spills.

A small band of protesters gathered outside the home of Chevron CEO John Watson on Tuesday following a California report accusing the oil giant of not paying its fair share of taxes.

A judge in Brazil gave permission to one of the 17 Chevron and Transocean employees facing criminal charges over a November offshore oil spill to leave the country, documents released by a federal court on Wednesday showed.

Chevron, the second-biggest U.S. oil company, and Transocean are facing a second civil lawsuit which doubles the amount they may have to pay for two oil leaks off the coast of Brazil.

The U.S. oil giant is engaged in a battle with Ecuadoran courts over $18 billion in environmental damages. While that saga continues, a judge in New York said Chevron doesn't have to pay a $21.8 million fine.

In a new twist to the class claims lawsuit against India-based conglomerate Larsen & Toubro and its U.S. subsidiary L&T Infotech, an amended complaint has been filed to include yet another former female employee of the company who has alleged gender and pregnancy discrimination, and has also outlined in detail massive immigration violations that the company was indulging in.

On Tuesday police and other authorities dealt with their 11th bomb threat in three weeks at the University of Pittsburgh.

Stock index futures fell on Wednesday after minutes of the Federal Reserve's March meeting released on Tuesday showed policymakers were less inclined to provide more economic stimulus, curbing investors' appetite for risky assets.

A Brazilian federal prosecutor on Tuesday launched his second 20 billion real ($10.9 billion) lawsuit against U.S. oil company Chevron and driller Transocean , doubling the stakes against the companies as critics call him as overzealous.

Chevron (NYSE: CVX) and Transocean (NYSE: RIG) will soon know which Brazilian court will preside over a criminal trial stemming from a November 2011 oil spill.

Friday, the Dow gained 66.22 points, or 0.50 percent, to 13,212.04 at the close. The S&P 500 Index gained 5.19 points, or 0.37 percent, to 1,408.47, while the Nasdaq Composite dipped 3.79 points, or 0.12 percent, to 3,091.57. The uptick capped U.S. stocks' strongest quarter in more than two years.

Chevron Corp. (NYSE: CVX), the second largest U.S. oil company, lost its fourth attempt to avoid paying $18 billion in environmental fines for polluting tracts of the Amazon.

Despite Monday's 92-4 vote, Republicans are likely to kill the bill later this week if, as expected, they're not allowed by the Senate's Democratic leadership to propose amendments.

Chevron Corp. (NYSE: CVX) the second largest U.S. oil company, will not be expelled from Brazil for pollution, a government official said.

A judge in Campos, Brazil, could shift the criminal charges filed against Chevron and drill-rig operator Transocean to Rio de Janeiro, a decision that would remove a crusading prosecutor from the case.

Stocks mostly inched higher on Friday as rising energy shares offset early weakness, though the S&P 500 remained on track to break a five-week streak of gains.

Chevron's offenses in the drilling of a well that caused an offshore oil spill in November did not amount to negligence, Brazil's oil regulator said Thursday.

Brazil's oil regulator said Chevron was not negligent in the drilling of a well that caused an offshore oil spill in November, a finding that may help the company to fight criminal charges and an $11 billion lawsuit.

Stock index futures pointed to a lower opening on Wall Street on Thursday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.57 percent and Nasdaq 100 futures down 0.58 percent at 1000 GMT.

A Brazilian federal prosecutor filed criminal charges on Wednesday against Chevron and drill-rig operator Transocean for a November oil spill, raising the stakes in a legal saga that has added to Chevron's woes in Latin America and could slow Brazil's offshore oil boom.