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  • CHARLESTON, W.Va.— A former environmental consultant at a chemical distributor was sentenced to three years' probation and fined $10,000 Monday for a 2014 chemical spill that fouled the drinking water supply of 300,000 West Virginians. Robert Reynolds was the first of six ex- Freedom Industries officials to be sentenced on pollution charges in federal court...

  • Westlake, a Houston- based manufacturer and supplier of petrochemicals, polymers and building products, had argued that the combined company would be more diversified and have a stronger financial profile than Axiall on its own. Westlake revealed earlier on Friday that on Jan. 25 it had offered $11 per share in cash and 0.1967 of its stock for each Axiall share.

  • Shares of Potash Corp, which also reported a lower-than-expected quarterly profit on Thursday, fell 3.9 percent in pre-market trading in New York. Potash prices have fallen sharply on pressure from bloated capacity, soft grain prices and weak currencies in major consumers such as India and Brazil. Saskatoon, Saskatchewan- based Potash Corp suspended...

  • LONDON, Jan 27- European shares fell on Wednesday, hit by a drop in Swiss drugmaker Novartis and German chemicals company BASF after their weak earnings updates. "We're only just getting under way on the European earnings front, but it's been a pretty mixed bag so far with weak updates from Novartis and BASF," said Clairinvest fund manager Ion- Marc Valahu.

  • European shares lose ground as Novartis and BASF fall Wednesday, 27 Jan 2016 | 3:21 AM ET

    LONDON, Jan 27- European shares lost ground on Wednesday, impacted by a drop in Swiss drugmaker Novartis and German chemicals company BASF after their weak earnings updates. Royal Bank of Scotland also fell more than 2 percent after the bank warned its profits would be hit by a pension charge and U.S. litigation provisions, while a forecast of lower revenues from...

  • OTTAWA, Jan 26- Canada's official environmental watchdog on Tuesday expressed concern that authorities were allowing the long-term use of pesticides linked to bee deaths despite not having enough information about the products. "These products continue to be used extensively in Canada despite widespread concern they may pose a threat to bees, other...

  • *Brazil gasoline 15 pct above world price, diesel 30 pct. RIO DE JANEIRO, Jan 22- Brazil's state-led oil company Petroleo Brasileiro SA is on the verge of selling its stake in Brazilian petrochemical company Braskem SA and expects to complete the sale by the end of June, a Petrobras source told Reuters on Friday. The source, who spoke on condition of anonymity because...

  • Poor labourers paying price for India's cheap car boom Thursday, 21 Jan 2016 | 11:46 PM ET

    *India poised to become world's third-biggest car market. FARIDABAD, India, Jan 22- In a dingy factory in the sprawling industrial hub of Manesar in northern India, a plastic moulding machine malfunctioned, mangling Visheshwar Prasad Singh's right hand as he made parts for a supplier to the country's major automakers. Singh was one of thousands of poor labourers,...

  • CHICAGO, Jan 21- Monsanto Co stepped up its defense of a widely used weed killer on Thursday by filing a lawsuit in California seeking to prevent glyphosate, the main ingredient in its Roundup herbicide, from being added to the state's list of known carcinogens. The seed and agrochemicals company said it filed the suit against the state's Office of Environmental...

  • CHICAGO, Jan 21- Monsanto Co said it filed a lawsuit on Thursday seeking to prevent glyphosate, the main ingredient in its weed killer Roundup, from being added to California's list of known carcinogens, stepping up its defense of the widely used herbicide. The seed and agrochemicals company filed the suit against the state's Office of Environmental Health...

  • Elmrox Investment Group LLC, which says it owns more than $100 million in Ashland stock, said Valvoline would be more valuable as a stand-alone company and suggested it be structured as a master limited partnership. Ashland shares opened lower on Wednesday, hitting $93.62 and then rebounded, inching up 0.3 percent to around $96.50 toward the end of the session.

  • Elmrox Investment Group LLC, which says it owns more than $100 million in Ashland stock, said Valvoline would be more valuable as a stand-alone company and suggested it be structured as a master limited partnership. The hope is for Ashland shareholders to collect some change-in-control premium while the "iron is hot", Don Bilson, head of event-driven research at...

  • Potash Corp said it was putting its Picadilly mine in the Canadian province of New Brunswick on care and maintenance, resulting in the loss of 420 to 430 jobs. As demand for potash has fallen worldwide, Potash Corp, the world's biggest fertilizer company by capacity, has in recent months closed its Penobsquis potash mine in New Brunswick and suspended production...

  • Potash Corp, which had more than 5,000 employees worldwide at the end of 2014, said it would retain 35 employees at Picadilly to keep the operation in "care-and-maintenance" mode. Potash Corp said it expected to recognize severance and transition costs of about $35 million in the first quarter as a result of suspending operations at Picadilly.

  • RIYADH, Jan 18- Saudi Basic Industries Corp can adapt to any new petrochemicals supply entering the market from outside the kingdom, its acting chief executive said on Monday, as Iran's release from sanctions promises increased global oil supply. Yousef Abdullah al-Benyan told a news conference in Riyadh that he wasn't sure about the state of Iran's...

  • LONDON, Jan 18- ChemChina has agreed to buy a stake in Swiss energy trader Mercuria, the companies said on Monday, cementing its role as one of China's most acquisitive firms as its expands in new areas and as Beijing opens its oil markets for more imports. Mercuria has growth opportunities ahead in China and around the world, the chairman added.

  • NEW YORK, Jan 15- Layoffs at chemical maker DuPont Co announced in late December, in preparation for its merger with Dow Chemical Co, create negative credit conditions for communities in Delaware and the state overall, a report said on Friday. Moody's Investors Service said the 1,700 jobs being cut in Delaware by DuPont represents a "significant" 24 percent of all...

  • NEW YORK, Jan 15- For KKR& Co LP, the private equity firm behind some of the world's largest leveraged buyouts, the acquisition of U.S. outdoor retailer Mills Fleet Farm for a little more than $1.2 billion should have been a formality. The New York- based firm, run by legendary dealmakers Henry Kravis and George Roberts, was almost a handshake away from clinching the...

  • HONG KONG/ LONDON, Jan 11- The biggest-ever Chinese acquisition of a German company was announced on Monday, with a consortium led by state-owned China National Chemical Corp buying industrial machinery maker KraussMaffei Group for about $1 billion. The ChemChina-led consortium, which also includes Guoxin International Investment Corp and private equity...

  • The potential buyer is hoping to clinch a deal with KraussMaffei's owner, Canada's Onex Corp, before the Chinese New Year in early February, the people said on Thursday. They added that the deal may still fall apart or that counterbids may surface that may appeal to Onex. Onex bought KraussMaffei from U.S. investor firm Madison Capital in 2012 in a 568 million-euro...