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Venezuela Expropriates Unit Of US-Based Glassmaker Owen Illinois

CARACAS (AFP) -- Venezuelan President Hugo Chavez late Monday announced the expropriation of the local affiliate of the U.S.-based glass maker Owens-Illinois Inc. (OI), accusing it of causing environmental damage and exploiting its workers. The company "has had years exploiting the workers, destroying the environment" in the western state of Trujillo, "and taking away the money of Venezuelans," Chavez said during a government event broadcast on radio and television. Owens-Illinois is a leader world glass bottle maker with some 22,000 workers in 21 countries. In South America, aside from Venezuela it also has operations in Brazil, Colombia, Ecuador and Peru, and focuses on manufacturing glass containers, according to the company website.

Stock News for Owens Illinois (OI)
DateTimeHeadline
01/03/201416:53:22MARKET SNAPSHOT: U.S. Stocks End Mostly Lower After Bernanke...
01/03/201413:46:46MARKET SNAPSHOT: U.S. Stocks Volatile As Fed Officials Speak
01/03/201411:18:11MARKET SNAPSHOT: U.S Stocks Edge Higher As Fed Officials Speak
01/03/201411:07:17MARKET SNAPSHOT: U.S Stocks Rise Ahead Of Fed Speakers
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201308:53:17D. E. Shaw & Co. LP 3Q 13F: Holdings As Of Sep 30
11/15/201308:53:17D. E. Shaw & Co. LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201308:18:54Farallon Capital Management 3Q 13F: Largest Sales
11/15/201308:18:52Farallon Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:07:21Two Sigma Investments 3Q 13F: Holdings As Of Sep -2-
11/15/201307:07:21Two Sigma Investments 3Q 13F: Holdings As Of Sep 30
11/15/201306:39:14CR Intrinsic Investors 3Q 13F: Largest Eliminations
07/25/201309:01:29U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
07/01/201317:50:11FTC Seeks to Block Ardagh Purchase
07/01/201317:43:07FTC Seeks to Block Ardagh's Purchase of Saint-Gobain Glass Bottle...
01/17/201314:00:15Saint-Gobain Accepts $1.69 Billion Bid For Glass Bottle Unit
01/17/201313:37:09Saint-Gobain Accepts $1.69 Billion Ardagh Offer for Verallia's...

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