Materials and Metals Chemicals

  • *Penalty latest fallout from Brazil's "Operation Car Wash". NEW YORK, Dec 21- Brazil- based construction colossus Odebrecht SA and affiliated petrochemical company Braskem SA agreed on Wednesday to pay at least $3.5 billion, the largest penalty ever in a foreign bribery case, to resolve international charges involving payoffs to Brazil's state oil company and...

  • NEW YORK, Dec 21- Brazilian construction firm Odebrecht SA and affiliated petrochemical company Braskem SA pleaded guilty in a U.S. court on Wednesday to violating American foreign bribery laws as part of a $3.5 billion deal resolving a sweeping corruption probe of Brazil's state oil company. The companies entered their pleas in federal court in Brooklyn in...

  • NEW YORK, Dec 21- Brazilian construction firm Odebrecht SA and affiliated petrochemical company Braskem SA pleaded guilty in a U.S. court on Wednesday to violating American foreign bribery laws as part of a more than $3 billion deal resolving a sweeping corruption probe of Brazil's state oil company. They are the first guilty pleas in the United States...

  • NEW YORK, Dec 21- Brazilian construction firm Odebrecht SA and affiliated petrochemical company Braskem SA pleaded guilty in a U.S. court on Wednesday to violating American foreign bribery laws as part of a deal resolving a sweeping corruption probe of Brazil's state oil company.

  • Material sector sparks rally in chemical stocks

    Jonas Oxgaard, Sanford C. Bernstein weighs in on what's boosting the material sector, including China's consumption of commodities.

  • SAO PAULO, Dec 20- The Brazilian construction firm Odebrecht SA and petrochemical company Braskem SA will pay 1.4 billion reais to the U.S. and Swiss governments as part of a settlement in a sweeping corruption case, a source close to the negotiations told Reuters Tuesday. The deals, first reported by the Folha de S.Paulo newspaper, will be announced on Wednesday,...

  • SAO PAULO, Dec 20- The Brazilian construction firm Odebrecht and petrochemical company Braskem have agreed to pay the U.S. and Swiss governments 700 million reais each to settle their roles in a sweeping corruption case, the Folha de S.Paulo newspaper reported on Tuesday. Folha, without citing sources, says the deals will be announced on Wednesday.

  • Dec 20- Canadian label and packaging maker CCL Industries Inc said it would buy Innovia Group, which supplies the new UK plastic five pound note that has fallen foul of vegetarians, for around C $1.13 billion. Britain is one of the largest economies to adopt plastic banknotes and they are already in circulation in Canada, Mexico, New Zealand and Australia.

  • Dec 19- Canadian label and packaging maker CCL Industries Inc said it would buy Innovia Group, whose unit is the supplier of Bank of England's new plastic five pound note that has fallen foul with vegetarians, for about C $1.13 billion. U.K.- based Innovia Group is a maker of specialty bi-axially oriented polypropylene films used for labels, packaging and security...

  • The move comes after Danbury, Connecticut- based Praxair provided new assurances to Munich, Germany- based Linde over corporate governance and jobs, the sources said. Its previous bid to create a $65 billion industrial gas giant failed in September amid disagreements over these issues. German unions IG BCE and IG Metall have struck a deal with Linde's...

  • CHICAGO, Dec 15- A Chinese biotech seed firm has planted genetically modified corn seeds in the United States at a greenhouse designated by the U.S. Department of Agriculture, the company said, an early step toward launching China's first GMO corn products in the United States. It must perform tests to obtain approvals for potential U.S. sales from the USDA, the U.S....

  • LONDON, Dec 13- BP's refining operations are exposed to high safety risks that can lead to deadly accidents and pollution as a result of slack data management and a lack of investment, according to a leaked internal report from 2015.. "Inadequate management and use of engineering information has been a root cause or contributing factor" in 15 percent of 500...

  • CHICAGO, Dec 13- Shareholders of U.S. seeds and agrochemicals company Monsanto Co approved the company's $66 billion acquisition by Bayer AG on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017.. Increased research and development spending by the combined companies and plans to develop a global seeds and biotechnology...

  • LONDON, Dec 13- BP's refining operations are exposed to high safety risks that can lead to deadly accidents and pollution as a result of slack management and a lack of investment, according to a leaked internal report from 2015.. "Inadequate management and use of engineering information has been a root cause or contributing factor" in 15 percent of 500 high-risk...

  • Dec 11- Swiss pharmaceutical manufacturer Lonza Group AG on Monday confirmed it is in advanced talks with private equity firm KKR& Co LP to acquire Capsugel, a U.S. maker of capsule products and other drug delivery systems. Sources familiar with the talks told Reuters that a potential transaction would be valued at more than $5 billion. Based in Morristown, New...

  • Dec 11- Swiss pharmaceutical manufacturer Lonza Group AG is in advanced talks to acquire Capsugel, a U.S. maker of capsule products and other drug delivery systems, for more than $5 billion, according to people familiar with the matter. Based in Morristown, New Jersey, Capsugel manufacturers empty two-piece hard capsules as well as finished dosage forms for drug...

  • Dec 8- Washington state filed an environmental lawsuit on Thursday against agricultural company Monsanto Co seeking damages and cleanup costs associated with the company's production of PCBs, the state's attorney general said. The lawsuit- against Monsanto and two of its splinter companies, Solutia Inc and Pharmacia LLC- seeks compensation for damages to...

  • EMN CEO: Eyeing 'smart regulation'

    Regulations play a big role in how we invest and innovate, says Mark Costa, Eastman Chemical chairman & CEO, sharing his thoughts on what kinds of regulations makes sense for business.

  • DOW CEO: Let's go for 15% corporate tax

    Andrew Liveris, Dow Chemical chairman & CEO, talks about the need for tax reform and how it will enable American companies to become more competitive. Also Liveris explains why he is optimistic about the economic growth.

  • DOW CEO: Regulations in past 7 years 'burdensome'

    Don't use the Clean Air Act to "regulate us," says Andrew Liveris, Dow Chemical chairman & CEO, talking about Dow's top issue. Let's get a better regulation in place. Also Liveris shares his thoughts on the need for tax reform and trade.