May 11 Dow Chemical Co, which is merging with DuPont, said Chief Executive Andrew Liveris would retire as chairman of the combined DowDuPont company in July 2018.
Liveris is slated to serve as executive chairman of the combined DowDuPont company when the merger of the two chemical companies closes in August, Dow said on Thursday.
He will then serve as chairman of the combined company between April and July 2018, the company said.
Liveris said in February 2016 he would retire by mid-2017, following a prolonged battle with hedge fund manager Daniel Loeb, who had been questioning his leadership.
Dow also said on Thursday it would invest more than $12 billion over 10 years, mostly in the United States. (Reporting by Swetha Gopinath in Bengaluru; Editing by Sriraj Kalluvila)
Morning News Call - India, May 26
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05262017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 11:00 am: Container Corporation earnings conference call in New Delhi. 5:00 pm: RBI to release weekly foreign exchange data in Mumbai. GMF: LIVECHAT - OPEC REVIEW Gavin Maguire,
U.S. court fines UPS $247 mln over illegal cigarette shipments
May 25 A federal judge ordered United Parcel Service Inc to pay nearly $247 million in damages and penalties for "illegally shipping" large volumes of untaxed cigarettes in New York state and City, a court filing showed on Thursday.