January 24, 1995 |
Several of the nation's leading oil companies reported better-than-expected quarterly earnings Monday, citing help from booming chemical operations and widespread cost cutting. * Atlantic Richfield Co. reported greatly improved fourth-quarter results, crediting higher crude oil prices, savings from its cost-reduction program, increased earnings at Arco Chemical Co. and Lyondell Petrochemical Co., and increased natural gas production in the United States and Indonesia.
July 13, 1990 |
An extremist Islamic group today claimed responsibility for an explosion at a Texas chemical plant July 5 that killed 17 people. Arco Chemical Co. of North America said from its headquarters in Newtown Square, Pa., that it has not heard of the claim and does not know whether it is valid. The cause of the blast is under investigation, and no signs of sabotage at the plant have been reported.
January 9, 1995 |
Atlantic Richfield Co. General Counsel Bruce G. Whitmore has been elected senior vice president and corporate secretary of the Los Angeles-based oil company. Whitmore, 50, assumed his duties as Arco general counsel on Jan. 1, succeeding Francis X. McCormack, whose retirement was announced last summer. Whitmore previously served as vice president and general counsel of Arco Chemical Co. in which Arco has an 83.3% ownership interest. As corporate secretary, Whitmore succeeds Howard L.
October 27, 1989 |
McDonald's Corp. said its restaurants in New England would join forces with a consortium of chemical companies to launch a major recycling effort for plastic food containers. McDonald's is undertaking the program with National Polystyrene Recycling Co., a joint venture formed earlier this year by several leading producers of plastics, including Amoco Chemical Co., Dow Chemical Co. and ARCO Chemical Co.
August 21, 1993
* Kenneth A. Ruck has been appointed to the board of Statordyne Corp., an Anaheim manufacturer of products for the power service industries, bringing the number of directors to six. Ruck is president, chief operating officer and a member of the board of PEAC Corp., which operates the Pete Ellis Auto Center in Costa Mesa. * James D. Orefice has been appointed chief operating officer for Urethane Technologies Inc. in Irvine. Before joining the company, he was with Arco Chemical Co.
September 21, 1989 |
At least nine U.S. companies have lowered their earnings forecasts this week, making Wall Street jittery and heightening concern over a slowing economy. The best-known company to deflate analysts' optimism was Avon Products Inc., the New York cosmetics giant that said both 1989 and 1990 earnings would be below expectations. It blamed soft U.S. sales and a stronger-than-anticipated dollar, which reduced its revenue from foreign units. Avon's announcement followed Stratus Computer Inc.'
CALIFORNIA | LOCAL
June 24, 1997
"Stealth Lobby Drives Fuel Additive War" (June 16) mischaracterizes my commitment to protecting the health of the unsuspecting public from the dangers of methyl tertiary butyl ether (MTBE). A jury found that Mobil Oil Corp. wrongfully dismissed me in a groundbreaking whistle-blowing case when I disclosed that Mobil was marketing gasoline that contained illegally and dangerously high quantities of benzene in Japan. The appellate court upheld the jury decision against Mobil, which awarded me large compensatory and punitive damages.
January 3, 1991 |
Federal regulators today proposed a record $3.48 million in fines against Arco Chemical Co. for a July 5, 1990, blast that ripped through a plant in Channelview, Tex., killing 17 workers and injuring at least eight others. Arco Chemical agreed to pay the fine and also agreed to a major revamping of workplace safety programs at its facilities across the country.