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MeadWestvaco will shutter up to 14 factories and cut 10% of its work force, as the packaging and chemicals company accelerates cost-cutting in the economic downturn.
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Sunoco plans to permanently close a polypropylene manufacturing facility in Texas, the latest casualty in the battered chemicals industry.
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Chemical company Tronox filed for Chapter 11 as the "debtor-in-possession" financing market is opening up again.
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Tronox, an Oklahoma City -based chemical company, is set to file for bankruptcy protection in New York within the next day, said several people familiar with the matter.
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European regulators approved Dow's acquisition of Rohm & Haas, putting pressure on Dow to close a deal criticized as too expensive and too risky.
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