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Stock Market & Financial Investment News

News Breaks
March 20, 2013
10:00 EDTLYBLyondellBasell seeks approval to buy back up to 10% of shares
LyondellBasell will seek approval at its May 22 annual meeting for the repurchase of up to 10% of its issued share capital, the company disclosed last night in a regulatory filing.
News For LYB From The Last 14 Days
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May 15, 2013
17:26 EDTLYBThird Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN).
14:31 EDTLYBLyondellBasell to shut down HDPE unit in Germany during Q3
LyondellBasell announced that it will shut down a high density polyethylene unit in Wesseling, Germany in the third quarter. The 100 KT per year unit is among the smallest and least efficient of the LyondellBasell HDPE units in Europe. The company has sufficient HDPE capacity to meet customer needs from its larger scale facilities. "LyondellBasell continues to take definitive steps to reorganize our operations in Europe to increase efficiency, reduce costs and improve the competitiveness of our businesses," said Bob Patel, Senior Vice President, Olefins & Polyolefins, Europe, Asia and International. "The closure of under-competitive assets, along with the restructuring and efficiency-improvement initiatives in our business areas, manufacturing and R&D, will better position LyondellBasell to compete in today's economic environment."
May 13, 2013
10:09 EDTLYBOn The Fly: Analyst Upgrade Summary
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05:49 EDTLYBLyondellBasell upgraded to Buy from Neutral at Citigroup
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May 7, 2013
07:25 EDTLYBBarclays to host a conference
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May 6, 2013
08:30 EDTLYBLyondellBasell and Dow have upside form lower ethane costs, says Morgan Stanley
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