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In this July 30, 2018 file photo, New Mexico Republican gubernatorial candidate Steve Pearce speaks to business leaders in Albuquerque, N.M. Pearce owns two companies that actively lease oilfield equipment to undisclosed customers even as he campaigns to regulate a booming petroleum sector and expand an oil-dependent economy.
Republican gubernatorial candidate and U.S. Rep. Steve Pearce owns two companies that actively lease oilfield equipment to undisclosed customers even as he campaigns to regulate a booming petroleum sector and expand an oil-dependent economy. A spokesman for Pearce's campaign confirmed this week that the congressman's businesses, Trinity Industries and LFT, provide oilfield equipment rentals after The Associated Press found corporate registration documents that describe the activities.
A proposed Canadian class action that alleged secret cost-saving design changes made to a highway safety guardrail had in fact turned the barrier into a potentially lethal spear has been settled, court documents show. This week's settlement of the $500-million action filed by the City of Stratford in February 2015 will see Trinity Industries pay $400,000 - without any admission it did anything wrong.
Investigators survey the damage on a compact coupe after a crash test at Karco Engineering LLC safety testing facility in Adelanto, California. Trinity Industries Inc. won't have to pay a $663 million judgment that was awarded in a whistle-blower lawsuit alleging the company defrauded the U.S. government with a faulty highway guardrail safety system.