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WORLD
August 1, 2009 | Times Wire Reports
An Indian court issued a warrant for the arrest of the former head of the American chemical company responsible for a gas leak that killed at least 10,000 people in Bhopal 25 years ago. Warren Anderson was the head of Union Carbide Corp. when its factory in the central Indian city leaked 40 tons of poisonous gas on Dec. 3, 1984. More than 555,000 people who survived the initial disaster are thought to have suffered aftereffects, though the exact number of victims has never been determined.
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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
November 14, 1995 | Times Staff and Wire Reports
Union Carbide to Buy Plastics Unit: The Danbury, Conn.-based company said it will acquire the plastic-polymer business of Shell Oil Co. for an undisclosed price. Union Carbide Corp. will buy Shell's polypropylene technology and manufacturing facilities and the polypropylene assets jointly owned by the two companies. Houston-based Shell is a unit of the Anglo-Dutch concern Royal Dutch/Shell Group of Cos.
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
October 25, 2002 | Lisa Girion, Times Staff Writer
Dow Chemical Co.'s Union Carbide was found liable Thursday for thousands of asbestos-related illnesses and deaths in a West Virginia trial. It now must face a series of hearings to assess whether damages are warranted in individual cases, opening the door to millions of dollars in potential claims. The trial in Charleston was originally to have pitted more than 8,000 plaintiffs against 250 corporations, including Exxon Mobil Corp. and Honeywell International Inc.
BUSINESS
August 29, 2002 | Associated Press
A court in India rejected a move to reduce charges against the former chairman of U.S.-based Union Carbide Corp. for a 1984 gas leak that killed thousands in one of the world's worst industrial accidents. Chief Judicial Magistrate Rameshwar Kotha ordered extradition proceedings to begin against former Chairman Warren Anderson. Anderson originally was charged with "culpable homicide," which carries a sentence of up to 20 years in prison.
NEWS
August 30, 2001 | PAUL WATSON, TIMES STAFF WRITER
Sunil Verma just wants to be left by himself. He doesn't trust strangers. Companionship is a creeping terror. Almost 17 years ago, a toxic cloud drifted from the Union Carbide pesticide plant here, turning the air lethal and the leaves black. It killed seven members of Verma's family, including his parents, and he still lives in fear of demons he cannot see. "I hear sounds in my mind," Verma said through an interpreter. "I only feel like staying in a lonely room.
BUSINESS
February 6, 2001 | From Reuters
Antitrust regulators Monday cleared Dow Chemical Co.'s $7.3-billion purchase of Union Carbide Corp. after Dow agreed to divest itself of a key plastics technology and sell three other overlapping chemical businesses. Also, Standard & Poor's Corp. announced its choice to replace Union Carbide in the blue-chip S&P 500 index: Univision Communications, the Spanish-language TV broadcaster. The Federal Trade Commission said the merger creating the No. 2 chemical firm after DuPont Co.
NEWS
April 6, 1989
India's Supreme Court said the Bhopal gas leak case is not over despite the $470-million compensation payment by Union Carbide Corp. The court said that Union Carbide is still under its jurisdiction as long as it is hearing petitions challenging the Feb. 14 settlement. Critics say Union Carbide paid too little and challenge the validity of the law under which the settlement was made.
BUSINESS
December 2, 1999
Union Carbide Corp. shareholders approved the planned $11.6-billion merger with Dow Chemical Co., a union that will be the world's No. 2 chemical company and a dominant plastics maker. In August, Midland, Mich.-based Dow agreed to buy Danbury, Conn.-based Union Carbide in a stock-and-debt transaction expected to close early next year. The company will be the biggest producer of polyethylene plastics, used in everything from trash bags to food packaging. * Phelps Dodge Corp.
BUSINESS
August 5, 1999 | JAMES F. PELTZ, TIMES STAFF WRITER
Dow Chemical Co., exploiting a slump in the chemical industry to bolster its long-term position, agreed Wednesday to buy struggling rival Union Carbide Corp. for $8.9 billion in stock. The surprise merger would make Dow--perhaps best-known to consumers for its Styrofoam containers--second only to DuPont among the nation's largest makers of chemicals and plastics that are used in everything from trash bags to cosmetics, food packaging to antifreeze.
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