Owens-Illinois Inc


  • April 9- Alcoholic beverage maker Constellation Brands Inc forecast a profit for the fiscal year ending February that was largely in line with analysts' estimates and said it would spend more than $1 billion this year to expand its beer business. The company said it would spend about $1.05- $1.15 billion on its beer business, primarily to expand capacity in its...

  • CARACAS, March 19- Venezuela will seek to reduce a $46 million compensation claim it has been ordered to pay to oil service company Tidewater in a case stemming from the 2009 seizure of vessels, its oil minister said in an interview published on Thursday. The lawyer representing Venezuela said the award was significantly lower than what Tidewater had claimed...

  • CARACAS, March 15- A World Bank tribunal has ordered Venezuela to pay oil service company Tidewater around $46 million in compensation for seized vessels, in a decision the South American country hailed as a victory. "The much higher amounts claimed were rejected because the tribunal found that the nationalization was lawful," lawyer George Kahale, who...

  • CARACAS, March 13- Venezuela said on Friday it has started the process of filing for the annulment of an award that orders the South American country to pay U.S. bottle maker Owens-Illinois $455 million in compensation for nationalizations. Seeking an annulment will automatically stay the award, Venezuela added, buying the cash-strapped OPEC nation time as it...

  • CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in a nationalization claim against Venezuela, though a lawyer for the South American country said it was likely to seek an annulment. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world...

  • CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in an arbitration claim against Venezuela for the nationalization of its subsidiary's operations in 2010.. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world or find alternative...

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  • Owens-Illinois investigates possible bribery Friday, 26 Oct 2012 | 4:37 PM ET

    Owens-Illinois Inc. is investigating potential bribery at its operations overseas, according to a document filed with the U.S. Securities and Exchange Commission on Friday. Owens-Illinois said it disclosed the probe to the U.S. Department of Justice and the SEC this month.

  • Owens-Illinois says European sales hurt results Wednesday, 24 Oct 2012 | 6:59 PM ET

    PERRYSBURG, Ohio-- Owens-Illinois reported a 28 percent drop in quarterly net income on Wednesday, as the economic slowdown in Europe weighed on the company's results. Sales fell 7 percent to $1.74 billion, compared with $1.86 billion in the same quarter of 2011. Sales to Europe sank 15 percent to $652 million compared with the year before.

  • Avon, VeriFone, VeriFone are market movers Friday, 5 Oct 2012 | 5:00 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Avon Products Inc., up $1.17 at $17.39. Constellation Brands Inc., up $1.48 at $36.20.

  • *Goldman Sachs raises Owens Illinois to buy from neutral. *Goldman Sachs cuts MeadWestvaco to neutral from buy. Reuters Station users, click. 1568.

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