Pennzoil to pay $2.6 million to settle U.S. charges of antitrust violations.

Reports on the agreement of United States-based Pennzoil Co. to pay the settlement charges for violation of antitrust requirements. Company's failure to notify the federal regulators of its acquisition of Chevron Corp. as the main reason for the charges; Reason for the company's agreement to pay for the charges; Allegations made by the United States Justice Department against Pennzoil.