July 21, 1998
Real estate mogul Donald Trump lost a key battle to expand his Trump Plaza Hotel & Casino when a New Jersey judge dismissed state eminent domain cases against three Atlantic City, N.J., property owners. * General Electric Co. combined its power-controls and electric-motor businesses to improve distribution and named Lloyd Trotter, head of the controls operations, to run the new unit. * Ashland Inc.
October 9, 1997 |
Ashland Inc. settled Federal Trade Commission charges that it misled consumers with ads touting the protection provided by the company's Valvoline TM8 engine treatment. The Russell, Ky.-based company agreed to limit advertising claims about the oil additive's ability to reduce engine-part wear. The settlement does not include a fine or an admission of wrongdoing. In July, Quaker State Corp.
October 31, 1986 |
The Coast Guard searched the Ohio River on Thursday for two men reported missing after a barge exploded at an Ashland Oil Inc. dock where they had been installing a fire control system. The cause of the blast was under investigation.
December 21, 2004 |
An impending tax ruling threatened to unravel a $3-billion deal in which Marathon Oil Corp. would consolidate ownership in Marathon Ashland Petroleum by buying Ashland Inc.'s interest. Ashland, which owns 38% of the gasoline refiner and marketer, said it feared that the ruling from the Internal Revenue Service could leave it with an unknown amount of tax liability for gains from the transaction. Ashland shares fell $1.03 a share to $56.67, and Houston-based Marathon fell 21 cents to $37.