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BUSINESS
July 27, 1988 | By Marc Meltzer, Daily News Staff Writer
Chevron Corp. said yesterday that it is entering a joint venture with the Nigerians to refine that nation's crude oil, beating Sun Co. to the punch. However, Sun spokesman Robert Dietshe said the company is still exploring ways to set up a cooperative venture with Nigeria. Sun also is negotiating with two other nations, which the company hasn't identified. The Chevron deal follows a pattern emerging in the oil industry. Texaco last month announced a joint venture with Saudi Arabia, and Citgo has a similar deal with Venezuela.
BUSINESS
November 7, 1989 | The Inquirer Staff
Chevron Corp. said nine truckloads of contaminated gasoline were shipped from its Philadelphia refinery yesterday. The gasoline was contaminated with water as the result of a "mix-up" at the refinery, the company said. Water from a tank being cleaned accidentally ended up in the pipeline system, Chevron said. The company will pay motorists and station owners for the cost of any repairs resulting from the bad fuel, said spokesman John R. Galloway. He declined to name the stations or the brands under which the gasoline might have been sold.
BUSINESS
February 25, 1994 | by Rose DeWolf, Daily News Staff Writer
The Chevron USA refinery in South Philadelphia is going to be sold to Sun Co., which owns a refinery next door. Industry insiders considered Philadelphia-based Sun the most likely buyer when San Francisco-based Chevron put the 66-year-old refinery up for sale last May. But in December, Chevron entered into a tentative agreement of sale with Lincolnshire Management Inc., a New York City investment group. Yesterday, Peter McCrea, Chevron's vice president in charge of the asset sale, said the company and Lincolnshire could not agree on terms that "met the needs" of both parties.
BUSINESS
November 16, 1993 | by Rose DeWolf, Daily News Staff Writer
Chevron Corp. expects to announce the sale of its Philadelphia refinery, the largest of the eight refineries on the Delaware River, by the end of the year. James Galloway, spokesman for the Philadelphia refinery, said yesterday that the company had received a number of "bids which appear to be viable" and was now talking with the parties. The company, based in San Francisco, will not disclose the exact number of bids, the value of them, or the identify of the bidders, Galloway said.
NEWS
January 14, 2011
Your articles about the role of a Philadelphia law firm in an Ecuador lawsuit omit critical facts ("Embroiled in a fraud suit," Dec. 23, and "Moves costly to Ecuadoran plaintiffs," Friday). Five indigenous groups in Ecuador have presented voluminous scientific evidence of Chevron's deliberate dumping of billions of gallons of toxic waste into an area of rain forest the size of Rhode Island over almost three decades. This dumping has hurtled these vulnerable populations toward possible extinction.
BUSINESS
March 16, 2011 | By Chris Mondics, Inquirer Staff Writer
Throughout the bitterly fought legal battle over allegations that Chevron despoiled hundreds of square miles of once-pristine Amazon jungle in eastern Ecuador, rife as it is with charges of fraud and corruption, the plaintiffs consistently have argued their science is sound and the Ecuadoran judicial system is well-equipped to evaluate it. But on March 7, their case was dealt a severe setback. U.S. District Judge Lewis Kaplan, ruling in Manhattan, unleashed a withering broadside barring the plaintiffs, at least for the moment, from seeking to enforce an $18 billion judgment handed down by an Ecuadoran judge against Chevron.
BUSINESS
May 26, 2011 | By Chris Mondics, Inquirer Staff Writer
In a decision lending support to plaintiffs' lawyers in a massive pollution lawsuit against Chevron, the U.S. Court of Appeals for the Third Circuit on Wednesday reversed a lower-court ruling that the Philadelphia law firm of Kohn, Swift & Graf P.C. must disclose e-mails and other confidential communications it had in connection with the case. The appeals court sent the case back to U.S. District Judge Jan E. DuBois in Philadelphia, saying there must be evidence linking the Kohn firm to fraud before the firm must disclose communications with its experts in the case and other lawyers.
BUSINESS
August 7, 2011 | By Chris Mondics, Inquirer Staff Writer
A federal judge sitting in New York has found there is no evidence lawyers at the Center City firm of Kohn, Swift & Graf P.C. were aware of potentially fraudulent actions in a huge pollution lawsuit it financed that alleges that Chevron Corp. had despoiled vast stretches of the Amazon rain forest. However, the ruling by U.S. Magistrate Judge James C. Francis requires the Kohn firm and other parties to turn over internal documents that Chevron contends may bolster its claim that opposing lawyers in Ecuador corruptly influenced the judiciary there.
BUSINESS
September 21, 1992 | By John J. Fried, INQUIRER STAFF WRITER
Reams of paper - legal briefs, judicial opinions, letters from lawyers - cover Frank Poleo's dining-room table in his comfortable Cherry Hill home. But all the verbiage in them boils down to one thing, as far as Poleo is concerned: The Chevron Corp., a $41 billion company, is demanding that he, a 75-year-old retiree, help pay legal bills Chevron ran up defending itself against an environmental-pollution lawsuit concerning a station he once leased. His tenure at the station has not been linked to the pollution at the core of the lawsuit.
BUSINESS
November 17, 2014 | By Erin E. Arvedlund, Inquirer Columnist
The early October sell-off created buying opportunities in the industrial sector for companies such as United Technologies (UTX), Eaton Corp. (ETN), and General Electric (GE), says Hank Smith at Haverford Trust, chief investment officer overseeing $6 billion in assets. In particular, he holds and has been buying more of UTX and Eaton since those shares fell roughly 20 percent. UTX has fallen to about $101 a share, Eaton to $60, Smith says. The bear market in crude oil also presents opportunity in major integrated oil companies ExxonMobil (XOM)
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BUSINESS
November 17, 2014 | By Erin E. Arvedlund, Inquirer Columnist
The early October sell-off created buying opportunities in the industrial sector for companies such as United Technologies (UTX), Eaton Corp. (ETN), and General Electric (GE), says Hank Smith at Haverford Trust, chief investment officer overseeing $6 billion in assets. In particular, he holds and has been buying more of UTX and Eaton since those shares fell roughly 20 percent. UTX has fallen to about $101 a share, Eaton to $60, Smith says. The bear market in crude oil also presents opportunity in major integrated oil companies ExxonMobil (XOM)
NEWS
March 11, 2014
Making amends In 2008, I represented Free Library patrons who went to court to stop Mayor Nutter from closing 11 branches. We kept the branches open, but budget cuts caused rotating closures all over the system. Last week, the mayor announced a plan to reverse a large chunk of the 2008 cuts. He also went off script, personally apologizing "to the children and library users of the city" for the moves in 2008. Along with many others, I celebrate the Free Library's place in this budget and acknowledge and appreciate the mayor's apology.
BUSINESS
March 6, 2014 | By Chris Mondics, Inquirer Staff Writer
In a case that has cost tens of millions in legal fees and riveted the attention of legal experts nationwide, a federal judge in New York on Tuesday found that an $18 billion judgment against energy giant Chevron Corp. for polluting a wide swath of the rain forest in Ecuador was procured through fraud, including bribery and doctored experts' reports. In an exhaustive, 485-page opinion, U.S. District Judge Lewis Kaplan found that lead plaintiffs' lawyer Steven Donziger initiated the fraud in 2006, after it appeared that the case in Ecuador had begun to go against him. Kaplan found that Donziger, who is based in New York, had concealed the fraud from Kohn Swift & Graf, a Philadelphia plaintiffs firm that financed the case until it pulled out in 2009 over concern that Donziger and his team had acted improperly.
BUSINESS
November 11, 2013 | By Chris Mondics, Inquirer Staff Writer
It was a tale of growing disillusionment and dismay. Philadelphia lawyer Joseph Kohn spent more than four hours on the witness chair in a New York courtroom last week, publicly describing for the first time his role in a long-running pollution lawsuit holding Chevron Corp. responsible for oil contamination in a Rhode Island-sized swath of the Ecuadoran Amazon. In essence, Kohn's testimony in U.S. District Court in Manhattan described the slow-motion unraveling of his firm's role in the case.
NEWS
October 29, 2013 | By Chris Mondics, Inquirer Staff Writer
For years, Chevron Corp. has insisted a sprawling environmental-pollution lawsuit in Ecuador initiated by a Philadelphia law firm that resulted in a $19 billion judgment was riddled with fraud. Now, the company is trying to prove its case in a closely watched civil trial in federal district court in New York that could establish new limits on when and where U.S. companies can be sued over claims they caused environmental harm in foreign jurisdictions. Chevron has sued some of the lawyers and others on the plaintiffs' team, saying they doctored one expert-witness report, surreptitiously authored the findings of a court-appointed expert awarding their clients billions, and bribed a judge, among other improper and illegal acts.
BUSINESS
October 11, 2012 | By Matthew Craft, Associated Press
NEW YORK - Downbeat reports from Alcoa and Chevron at the start of corporate earnings season pulled stock indexes lower for a third straight day Wednesday. The Dow Jones industrial average slumped 128 points, its steepest loss since late June. Alcoa, the Pittsburgh aluminum producer, beat Wall Street's earnings estimates on Tuesday night but said it expects a slowdown in China to weaken demand for aluminum. Its stock fell 42 cents Wednesday to $8.71. The company is often used as a bellwether for the global economy.
NEWS
September 6, 2011 | By Andrew Maykuth, INQUIRER STAFF WRITER
Sunoco Inc., an iconic Philadelphia company that was long a mainstay of manufacturing along the Delaware River, announced Tuesday it is getting out of the refining business. Sunoco said it would sell its oil refineries in South Philadelphia and Marcus Hook. If there are no buyers, it plans to close the plants in July 2012. About 1,500 of Sunoco's 10,000 employees work in refining, according to the company. The move is the latest and most dramatic divestiture initiated by Lynn L. Elsenhans, the chief executive officer who took over Sunoco three years ago and has systematically dismantled what was left of the former industrial giant.
BUSINESS
August 7, 2011 | By Chris Mondics, Inquirer Staff Writer
A federal judge sitting in New York has found there is no evidence lawyers at the Center City firm of Kohn, Swift & Graf P.C. were aware of potentially fraudulent actions in a huge pollution lawsuit it financed that alleges that Chevron Corp. had despoiled vast stretches of the Amazon rain forest. However, the ruling by U.S. Magistrate Judge James C. Francis requires the Kohn firm and other parties to turn over internal documents that Chevron contends may bolster its claim that opposing lawyers in Ecuador corruptly influenced the judiciary there.
BUSINESS
May 26, 2011 | By Chris Mondics, Inquirer Staff Writer
In a decision lending support to plaintiffs' lawyers in a massive pollution lawsuit against Chevron, the U.S. Court of Appeals for the Third Circuit on Wednesday reversed a lower-court ruling that the Philadelphia law firm of Kohn, Swift & Graf P.C. must disclose e-mails and other confidential communications it had in connection with the case. The appeals court sent the case back to U.S. District Judge Jan E. DuBois in Philadelphia, saying there must be evidence linking the Kohn firm to fraud before the firm must disclose communications with its experts in the case and other lawyers.
BUSINESS
May 5, 2011
In the Region Firm acquiring more Marcellus rights Chevron Corp. , which entered the Pennsylvania shale-gas competition this year with the acquisition of Atlas Energy Inc. , substantially beefed up its stake by acquiring new acreage in southwestern Pennsylvania. The San Ramon, Calif., company will acquire leases covering 228,000 acres from closely held Chief Oil & Gas L.L.C. and Tug Hill Inc. The terms were not disclosed. In February, Chevron paid $3.58 billion for Atlas and its 622,000 Marcellus acres.
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