February 21, 1996 |
Unocal Signs Agreement to Sell California Assets: The refiner would receive about $500 million in cash for its crude oil and natural gas assets when the sale closes, probably in March. In August, Unocal Corp. announced a preliminary agreement with Torch Energy Advisors, but El Segundo-based Unocal now says Torch was negotiating on behalf of Houston-based Nuevo Energy Corp., an independent energy company formed by Torch in 1990. Torch will operate the Unocal properties for Nuevo.
CALIFORNIA | LOCAL
June 3, 1993 |
The City Council will use eminent domain to acquire two parcels needed for the Imperial Highway-State College Boulevard widening project. By unanimous vote, the council on Tuesday approved to acquire through condemnation 2,674 square feet from Wells Fargo Bank and 2,098 square feet from Unocal. The properties are on opposite corners of Imperial Highway and State College Boulevard. The two properties will cost the city $247,626 and undetermined escrow expenses, officials said.
March 15, 2005 |
Italian oil giant Eni reportedly is weighing a takeover bid for Unocal Corp., becoming the fourth rumored suitor in two months for the El Segundo-based energy exploration and production company. Unocal already is being eyed by ChevronTexaco Corp., China National Offshore Oil Corp. and Royal Dutch/Shell Group, according to published reports. Shares of Unocal climbed 2.2% on Monday, rising $1.31 to $62.
December 6, 1994 |
In a move that will plunge the company into the red this year, Unocal Corp. said Monday that it will write off nearly $500 million after taxes to reflect lower values for gas and oil fields and larger-than-expected environmental cleanup costs. The big fourth-quarter charge reflects an ongoing reorganization at the Los Angeles-based energy company, which is cutting operating costs and trimming money-losing operations, industry analysts said.
CALIFORNIA | LOCAL
September 1, 1997 |
Environmentalists are quietly piecing together a huge swath of undeveloped hills from Whittier to Anaheim to form a wilderness corridor to rival the better known Santa Monica Mountains corridor. This archipelago of tenuously connected open spaces known as the Whittier-Puente-Chino Hills breaks up the urban sprawl of freeways, endless housing tracts, mini-malls and office complexes in eastern Los Angeles and northwestern Orange counties.
July 5, 2005 |
When a Dutch company sought to take over Silicon Valley Group Inc., a high-tech firm in San Jose, the ultimate vote was cast not by shareholders or executives or even the board of directors. That job went to the Committee on Foreign Investment in the United States, a secretive, little-known panel of U.S. officials that rules on whether purchases of U.S. businesses by foreign entities would impair national security and should be banned. The committee approved the $1.