Business
Eastman Chemical to buy Solutia for about $3.4 billion
Jan. 27, 2012
Eastman Chemical Co., the largest maker of plastic for beverage bottles, agreed to sell businesses in the United States, Europe and China to Los Angeles-based Apollo Management for $215 million, reducing its workforce by 14%.
June 2, 2004
Eastman Kodak Co., struggling against poor profit and high debt, Tuesday took a big step in its corporate restructuring, announcing that it will divest Eastman Chemical Co. and in one fell swoop wipe out $2 billion of debt.
June 16, 1993
* Eastman Chemical Co. , the world’s largest supplier of plastic packaging for everything from soda bottles and food containers to pill vials and electronics, said it will split off its packaging unit from its specialty chemical operations.
Feb. 6, 2001
The dollar’s recent weakness against the euro and the yen has financial traders and analysts wringing their hands, but has much of U.S. business cheering.
Aug. 19, 2001
CHEMICALS * Eastman Chemical Co., Aventis and eight other companies conspired for 17 years to fix the price of sorbates, a widely used food preservative, New York Atty.
Oct. 5, 2002
Eastman Kodak Co. has formed a bio-products division to develop, make and sell biotechnology products for the pharmaceutical, food, animal nutrition and chemical markets, the company said.
Feb. 28, 1985
Eastman Kodak has agreed to provide approximately $10 million in cash over the next four years for Amgen, a Newbury Park biotechnology company, to develop new ways of making specialty chemicals with genetic engineering.
March 4, 1986
Pepsico Inc. and Eastman Kodak Co. signed an agreement Thursday to produce plastic soft-drink bottles in the former Soviet Union, introducing the disposable containers to meet a so-far unquenchable demand for Pepsi here.
May 29, 1992
Beckman Instruments Inc. of Fullerton said that it will move its production of chemical mixtures from a Brea facility to its Carlsbad plant over the next 12 months.
April 6, 1986