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BUSINESS
March 15, 2000
Greenpeace, the environmental activist group, bought $218,000 worth of Royal Dutch Petroleum Co. shares in an effort to step up pressure on the company for a large-scale solar panel factory. Members from the group will attend the company's annual general meeting on May 9 in London to put forth a proposal. Greenpeace used a similar process to force a BP Amoco shareholder vote to propose abandoning a $430-million Alaska offshore development.
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BUSINESS
March 15, 2000
Greenpeace, the environmental activist group, bought $218,000 worth of Royal Dutch Petroleum Co. shares in an effort to step up pressure on the company for a large-scale solar panel factory. Members from the group will attend the company's annual general meeting on May 9 in London to put forth a proposal. Greenpeace used a similar process to force a BP Amoco shareholder vote to propose abandoning a $430-million Alaska offshore development.
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BUSINESS
February 7, 2003
Shell Oil Co., the U.S. arm of Royal Dutch Petroleum Co., plans to stop producing a line of lubricant oils at a plant in California because of poor margins and slumping sales. The plant in Martinez will stop making naphthenic base oils, which are used in electrical oil, rubber extender, adhesives and lubricant additives, the company said.
BUSINESS
April 3, 2002 | Associated Press
Royal Dutch/Shell Group has offered $5 billion in cash for British rival Enterprise Oil, which called the price fair and said it would recommend it to its shareholders. Shell agreed to pay $10.44 a share for Enterprise, valuing the company's stock at $5 billion. It also would assume debt of $1.15billion. Enterprise's U.S.-traded shares surged on the news by nearly 14%, or $3.79, to $27.67, and Shell co-parent Royal Dutch Petroleum Co.'s shares rose 39 cents to $55.
BUSINESS
April 9, 1997 | (Bloomberg News)
Transocean Offshore Inc. said it received contracts for two of its oil and natural gas deep-water drilling rigs that could total $116.8 million. Houston-based Transocean Offshore, a provider of contract drilling services in deep water and harsh environments, did not identify the companies signing the contracts. Its Transocean Rather, a semi-submersible rig now being used by Royal Dutch Petroleum Co. unit Shell Oil Co., was hired for a year beginning in June 1998 under a contract valued at $63.
BUSINESS
September 13, 1997 | Bloomberg News
Royal Dutch/Shell Group agreed to buy out the 50% stake in its Montell polypropylene venture from partner Montedison for $2 billion as part of a reorganization of its worldwide chemicals business. Montedison, Italy's largest natural gas supplier and a specialty chemicals manufacturer, said the sale will eliminate its debt of $800 million.
BUSINESS
January 17, 1997 | Times Staff and Wire Reports
Clorox Co. said it bought two household product businesses in Chile and Argentina at the end of December, further expanding its largest international division in Latin America. The Oakland-based maker of bleach and other household products declined to disclose terms of the acquisitions. Clorox said it bought Royal Dutch Petroleum Co.'s household product business in Chile, which includes a window cleaner brand, the second-leading insecticide and an air freshener product.
BUSINESS
April 24, 2004 | Marc Lifsher, Times Staff Writer
California Atty. Gen. Bill Lockyer, citing a need to ensure adequate supplies of diesel fuel to San Joaquin Valley farmers during the coming harvest, Friday asked Shell Oil Co. to postpone its scheduled Oct. 1 closure of a refinery in Bakersfield. Lockyer, who has ordered an investigation into whether the proposed shutdown violates state antitrust laws, also asked Shell to more aggressively seek a buyer for the 70,000 barrel-a-day facility.
BUSINESS
January 15, 2003 | From Bloomberg News
The Securities and Exchange Commission will change the definition of "financial expert" in a proposed rule governing corporate audit committees so companies can pick from a larger pool of candidates, a majority of commissioners said Tuesday. "We want to make sure we capture luminaries like Warren Buffett, Alan Greenspan and Paul Volcker who have experience in understanding financials and accounting principles," Commissioner Cynthia Glassman said in an interview.
BUSINESS
March 9, 2000 | From Bloomberg News
Occidental Petroleum Corp. on Wednesday agreed to buy Altura Energy Ltd., a U.S. oil exploration joint venture of BP Amoco and Shell Oil Co., for $3.6 billion, part of a strategy of acquiring older U.S. fields and boosting their production. Altura is the largest oil and natural-gas producer in the Permian Basin of western Texas and eastern New Mexico and has proven reserves of about 850 million barrels of oil and gas, though the fields' production is falling.
NATIONAL
April 18, 2012 | By David G. Savage
WASHINGTON - Foreign political organizations like the Palestinian Liberation Organization and multinational corporations cannot be sued for the torture or murder of persons abroad, including Americans, under the terms of a 1991 U.S. anti-torture law, the Supreme Court ruled unanimously Wednesday. Only individual perpetrators of such crimes can be held liable, the court said. The decision is a setback for human rights activists who have sought to extend American law to target inhumane conduct aboard.
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