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Marketing Worldwide - On The Web
Battenfeld Grease and Oil Corp. of N.Y. makes its big business bigger -- online
by John Callanan
(As published in the September, 2001 issue of Compoundings magazine.)
During his 30 years as a Division I college basketball referee, John Bellanti would travel to various cities to officiate ballgames, while holding down his day job with the Battenfeld Grease and Oil Corp. of New York. While the additional time demands and travel might serve to distract some from their primary responsibilities, Bellanti put his role as a referee to work for him.
[FULL STORY]
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Chevron-Texaco Approved
Shell, SRI Discuss Acquiring Equilon, Motiva
HOUSTON — Shell Oil Co. and Saudi Refining Inc. said they are open to talks with Texaco Inc. about buying its stakes in Equilon Enterprises LLC and Motiva Enterprises LLC following the Federal Trade Commission’s approval of Chevron Corp.’s $46.3 billion acquisition of Texaco Friday afternoon.
To pass FTC muster and form with Chevron the world’s fifth-largest largest oil company, Texaco agreed to sell six U.S. refineries and sever ties with 14,000 gasoline stations. The assets were placed in joint ventures in 1998 with Shell, and Saudi Refining. The FTC’s order provides a “practical framework” for the purchase of Texaco’s 33 percent stake in Motiva, Shell and Saudi Refining said in a prepared statement. Shell also wants to buy Texaco’s 44 percent interest in Equilon.
[FULL STORY]
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Marconi Not "On the Block"
Company to operate as independent unit of struggling British parent company
by John Callanan
GREENSBORO, N.C. — Recent reports that struggling British telecom firm Marconi Plc. is seeking to sell its U.S. petroleum equipment and technology unit, Marconi Commerce Systems, have been exaggerated, company officials say.
[FULL STORY]
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RECENT ISSUES
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Industry eNews for September 4, 2001
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