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Legg Mason Inc. will take $316 million in after-tax charges to shore up money-market funds in the quarter that ends Dec. 31. (LM)

A biotech executive pleaded guilty Monday in federal court to charges stemming from submitting a fake audit report to the National Institutes of Health (NIH), the U.S. Department of Justice announced.

An industrial property portfolio stretching from Fremont to San Jose has been sold for $68 million to Intercontinental Real Estate Corp.,

A jury in U.S. federal court on Monday cleared Chevron Corp of liability charges arising from a violent clash on one of its oil platforms off the coast of Nigeria 10 years ago.

Argentina should have a much better understanding of its proven reserves and overall potential to produce newly found oil and gas by 2011.

As OPEC grapples with rising inventories, the historical price trend shows the group would have a difficult task in lifting prices in December or January.

The Kurdish Regional Government stands by contracts it has signed with foreign oil firms despite the Iraqi central government's insistence they are illegal, the Kurdish regional prime minister said on Tuesday.

Opening areas of the Norwegian continental shelf closed to O&G activities could increase investment and help curb a rapid decline in production.

Malaysia will invest US $5 to $6 billion in Iran's gas fields, according to the cooperation memoranda of understanding that the two sides signed on Monday.

Energy companies are slowing drilling in the Bakken Shale in North Dakota amid falling crude oil prices, the chief executive of natural gas producer EOG Resources Inc said on Tuesday.