Specialty chemical company Eastman Chemical Co. is buying Solutia Inc. in a cash-and-stock deal valued at about $3.38 billion to broaden its presence in the Asia Pacific region and other emerging markets while expanding its product offerings. More »
Shell Oil president Marvin Odum said he believes the pace of federal permitting for deep-water oil and natural gas drilling “may have turned a corner,” according to The New Orleans Times-Picayune. More »
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