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Oilfield company to pay $253M to settle bribe case

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WASHINGTON (AP) — The oilfield services company Weatherford International has agreed to pay more than $250 million to settle federal charges that it bribed officials in the Middle East and Africa to win business. The Securities and Exchange Commission said Tuesday it charged the company with violating U.S. law by offering foreign officials bribes, improper travel and entertainment to win...

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