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Union Carbide

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NEWS
February 6, 1985 | United Press International
All lawsuits filed against Union Carbide Corp. in the chemical leak disaster in Bhopal, India--totaling billions of dollars in damages--have been consolidated in federal court in New York, a judicial panel announced today. The Judicial Panel on Multi-District Litigation said it assigned the case to U.S. District Judge John Keenan in Manhattan.
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BUSINESS
April 2, 2012 | By Roger Vincent, Los Angeles Times
A former plastic manufacturing plant in Torrance was purchased by real estate investment firm Hagar Pacific Properties, which expects to see the 28-acre site converted to an upscale industrial and office park in the years ahead. The plant at 19500 Mariner Ave. was built by Union Carbide Corp. in 1956 to manufacture polyethylene, a common plastic used for shampoo bottles, packaging, children's toys and many other products. Antifreeze, made from ethylene glycol, was also produced and canned there.
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BUSINESS
July 31, 1985 | From Times Wire Services
Union Carbide Corp. on Tuesday reorganized its top management, naming two co-presidents to oversee two new divisions of the giant chemicals corporation and establishing a new position of vice chairman. Alec Flamm, the current president and chief operating officer, has been named vice chairman with responsibility for corporate strategic planning, acquisitions and divestitures, Chairman Warren M. Anderson said in a statement.
ENTERTAINMENT
November 25, 2011 | By Todd Martens
On a national scale, Los Angeles is considered a rather nascent beer city. Yet drive 57 miles north, and the brew landscape gets far more barren. Bill Riegler, however, saw opportunity. His two years in the making Surf Brewery has wasted little time since opening doors five months ago, boasting now 12 original beers in its Ventura County taproom. His 6,000 square foot operation, located less than 1 mill off US-101 at 4561 Market St., hasn't had much trouble attracting interest. One problem: Most of those wanting to stock Surf beer hail from Santa Barbara or Los Angeles, and the self-distributed brewery isn't yet interested in travelling further south than Santa Monica.
BUSINESS
October 4, 1986
Under terms of the agreement signed by the two firms, GAF will not buy any more shares in Union Carbide for 10 years. GAF tried to take over the chemical company last year. In addition, they agreed to renew a contract for Union Carbide to provide some chemicals for GAF plants. The two companies said they signed the accord in order to provide for a constructive and mutually beneficial future commercial relationship. GAF holds about 10.6% of Union Carbide's stock.
BUSINESS
November 3, 1992 | Associated Press
Union Carbide Chemicals & Plastics Co. has agreed to pay a $1.5-million fine and provide a series of workplace safety procedures at its ethylene oxide production plants in Texas, federal officials said. Dorothy L. Strunk, acting assistant secretary of labor and administrator of the Occupation Safety and Health Administration, said Union Carbide agreed to the fine and workshops as settlement of citations issued against the company after a March, 1991, fire and explosion at the Texas plant.
NEWS
November 18, 1987 | United Press International
Lawyers for India and Union Carbide Corp. failed to meet a deadline today for an out-of-court settlement in the world's worst industrial disaster, and a judge ordered resumption of pretrial proceedings. Both sides said they are still negotiating in an effort to reach agreement on compensation for victims of a Dec. 3, 1984, leak of toxic methyl isocyanate gas that spewed from Union Carbide's now-defunct pesticide plant in Bhopal. Nearly 3,000 people died and more than 200,000 were injured.
NEWS
April 8, 1985 | Associated Press
The government of India filed suit today against the Union Carbide Corp. seeking unspecified damages for the December chemical leak that killed more than 2,000 people and injured tens of thousands of others in the city of Bhopal. The suit in U.S. District Court in Manhattan said that "because of the enormity of the Bhopal disaster, plaintiff is not currently able" to specify a dollar amount on the damages.
BUSINESS
August 26, 1988 | United Press International
Union Carbide Corp. said it will invest $100 million over the next seven years to expand its elastomer capacity to more than 1 billion pounds a year. The expansion represents a new thrust by Carbide into "flexomers," ethylene-propylene rubber and other elastomers, said William H. Joyce, president of Carbide's polyolefins division. The first phase of the expansion will involve conversion of a 225-million-pound-a-year facility in Seadrift, Tex.
NEWS
June 3, 1988 | Associated Press
Union Carbide Corp. announced today that it will withhold $192 million in interim relief to victims of the Bhopal gas leak while it appeals the order to the Supreme Court of India. The Indian State High Court on April 4 ordered Carbide to pay the interim compensation. "The needs of the victims will be fully addressed only in the context of a final resolution of all issues," Carbide said in a statement.
WORLD
June 7, 2010 | By Mark Magnier and Anshul Rana, Los Angeles Times
Nearly 26 years after a toxic gas leak killed thousands in Bhopal, India, seven former executives of U.S. chemical giant Union Carbide's Indian subsidiary were found guilty of negligence Monday and sentenced to two years in prison. The trial represented the first criminal convictions in one of the world's worst industrial disasters. But victims and activists declared the sentences as wholly inadequate. "Victims here believe that rather than a deterrent, this judgment is actually an encouragement for companies to work in a dangerous fashion," said Satinath Sarangi, a metallurgist and founder of the Bhopal Group for Information and Action.
WORLD
December 3, 2009 | By Mark Magnier
Bhopal residents are still angry with Union Carbide, owner of the chemical plant that 25 years ago today released a poisonous gas cloud that killed more than 15,000 people and injured hundreds of thousands in what's been termed the world's worst industrial accident. Residents are also angry with Dow Chemical Co., which acquired Union Carbide Corp. in 2001 and washed its hands of any inherited responsibility. But many are at least as angry with their own government, which settled with the rich foreigners for what they say was a ridiculously low sum and has since failed to care for its people.
BUSINESS
December 4, 2004 | From Bloomberg News
Kelly-Moore Paint Co., which lost a lawsuit against Dow Chemical Co.'s Union Carbide unit over asbestos liability, said Friday that it had discovered evidence of juror misconduct and would seek a new trial. Kelly-Moore, which sought about $1.
BUSINESS
October 23, 2004 | Lisa Girion, Times Staff Writer
A Texas jury cleared Union Carbide Corp. on Friday of allegations that it had misled Kelly-Moore Paint Co. about the hazards of a type of asbestos that was mined in California. Kelly-Moore had hoped to collect $1.5 billion from Union Carbide, a Dow Chemical Co. subsidiary. That is how much the San Carlos, Calif.-based paint company expects to pay to resolve cancer, disease and death claims filed by people exposed to asbestos in joint compound and other products it once sold.
BUSINESS
September 26, 2004 | Lisa Girion, Times Staff Writer
To hear Kelly-Moore's lawyer tell it, the Union Carbide salesmen had their mantra down: Don't worry, they'd say, don't worry. Union Carbide Corp. was one of the companies that supplied Kelly-Moore Paint Co. of San Carlos, Calif., with the asbestos used as a thickening agent in its products.
BUSINESS
September 25, 2004 | Lisa Girion, Times Staff Writer
Art Valdez spent 26 years working in the dust in the nation's last asbestos mill, pulling down $17.85 an hour before the place shut down last year. He had a pension and five weeks' paid vacation. He had health insurance for his family. He could afford to give cars to his two boys, visit friends in Texas and take his wife to Denny's as often as he wished. "I didn't know what asbestos was," he recalled recently. "I thought that was the best job ever."
BUSINESS
November 27, 1985
The company said it plans to resume production of aldicarb at its Institute, W.Va., unit in late December or early January to meet demands for agricultural chemicals during the next growing season, company officials said. The firm's aldicarb unit was shut down Aug. 11 when a mixture of aldicarb oxime and methylene chloride leaked from a storage vessel, sending 135 people to area hospitals.
BUSINESS
April 22, 1986
The firm said that it intends to sell its home and automotive products division, the maker of such familiar products as Prestone antifreeze and Glad plastic bags, for $800 million in a leveraged buy-out to a group formed by First Boston Corp. Separately, the company announced a drop in net income for the calendar first quarter to $43.3 million on sales of $1.72 billion, compared to $71 million on sales of $1.71 billion for the same period a year ago.
BUSINESS
October 27, 2002 | From Times Staff
Dow Chemical Co.'s Union Carbide was found liable for thousands of asbestos-related illnesses and deaths in a West Virginia trial. A series of hearings will assess whether damages are warranted in individual cases, opening the door to millions of dollars in potential claims. The trial in Charleston originally was to have pitted more than 8,000 plaintiffs against 250 corporations, including Exxon Mobil Corp. and Honeywell International Inc. But after failing in a bid to get the U.S.
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