August 28, 2009
In a small, spare courtroom in the Amazon region of Ecuador, Chevron Corp., California's largest company and one of the world's largest oil producers, will soon face a day of reckoning. After 16 years of litigation, a case the company inherited in a merger, Aguinda vs. Texaco Inc., is nearing an end. The legal battle that began in the United States in 1993 and resumed in Ecuador in 2003 has pitted the multinational against an unlikely adversary, a coalition of indigenous tribes and communities.
CALIFORNIA | LOCAL
September 27, 2002 |
Harrison Smith Glancy, 98, who won a swimming gold medal and set a world record at the 1924 Olympics as part of a relay team that included Johnny Weissmuller, died Sunday of heart failure at his home in New Orleans. A native of Ben's Run, W.Va., Glancy and his family moved to Pittsburgh when he was 14. It was there that he took up swimming after working as a towel boy at a local health club.
June 15, 1985 |
The United States recalled its ambassador to South Africa on Friday to protest the Pretoria regime's military raid on neighboring Botswana and other recent cross-border military actions, including a foiled mission apparently intended to sabotage a U.S.-owned oil-processing facility in Angola. By summoning Ambassador Herman W. Nickel home for "consultations," the U.S. government adopted a diplomatic sanction recognized as only a step short of a formal break in relations.
November 25, 1987 |
British food and drink company Allied-Lyons PLC said Tuesday that it would expand its 51% ownership and take full control of one of the best-known names in distilling, Canada's Hiram Walker-Gooderham & Worts Ltd., in a cash and share deal worth $1.01 billion. Allied-Lyons is buying the interest from Toronto-based GW Utilities Ltd., a private development firm controlled by Olympia & York Developments Ltd. GW Utilities will acquire a 10% stake in Allied-Lyons in the deal.
April 28, 1990 |
Gov. Robert P. Casey on Friday signed the nation's toughest anti-takeover law, saying it would discourage corporate raiders from stripping jobs and economic vitality from Pennsylvania. Within hours, the law was challenged by two suits filed in federal court that claimed unconstitutional infringement on shareholder and investor rights. Analysts expect that the law, which took effect immediately, will create ripples in boardrooms and legislatures throughout the nation.
January 8, 1986 |
American oil workers today challenged President Reagan's authority to order them out of Libya and said they might not be able to comply with a Feb. 1 deadline for leaving the country even if they wanted to. Most Americans reacted calmly to the threat to jobs that pay them an average of $96,000 a year. After speaking by radio with his workers on oil rigs, one supervisor said they did not seem impressed or excited. "They asked me how things are, and I said everything is fine," he said.