David Harpole News
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Shares of LyondellBasell Industries NV, the largest maker of polypropylene plastic, were priced at $61.50 in the latest sale by Apollo Global Management LLC, the company’s biggest investor.
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LyondellBasell Industries NV is lightening the crude slate at its 265,000-barrel-a-day Houston refinery and has a long-term vision of running more heavy Canadian crude there, Chief Executive Officer Jim Gallogly said.
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LyondellBasell Industries NV, the chemical maker that emerged from bankruptcy protection last year, plans to pay a special dividend of as much as $2.6 billion as it refinances debt.
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LyondellBasell Industries NV had a small fire today during the restart of a process unit at its Houston refinery , a company spokesman said.
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LyondellBasell Industries NV is returning to normal production levels at its Houston refinery after a plantwide shutdown last week, David Harpole , a plant spokesman, said in a telephone interview.
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LyondellBasell Industries NV reduced production at its La Porte and Channelview chemical plants in Texas after a fire at an Enterprise Products Partners LP facility in Mont Belvieu cut their ethane and propane supply.
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Kweku Adoboli, the trader accused of costing UBS AG $2.3 billion by making unauthorized trades, falsified records on exchange-traded-fund transactions, prosecutors said.
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Citigroup Inc.’s Singapore unit sued Hong Kong-based hedge fund manager Raghavendran Rajaraman, seeking to recoup $1.03 million in trading losses the bank says he incurred after gold fell from a record high in September.
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LyondellBasell Industries NV said it may have flaring at its Channelview, Texas, chemical complex as it restarts a process unit.
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LyondellBasell Industries NV will shut one of two olefins units at its Channelview plant in Texas in the second quarter for planned work.
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