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Eastman Chemical Co. reported lower first-quarter net income due to charges but said earnings excluding noncore and nonrecurring items increased.
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Refining is proving to be a rare bright spot in the energy industry, which has been struggling with oil prices that are 40% lower than they were a year ago.
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Brazilian state-run energy giant Petróleo Brasileiro underwent a board shake-up that went mostly as expected, with its interim chairman being replaced by the chief executive of the country’s top mining company.
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DuPont Co. vs. Trian Fund Management LP is slated to come to a head in a May 13 shareholder vote. The coming days will see several rounds that help determine the outcome.
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Brazilian mining firm Vale SA said Thursday it has pushed back the timeline of a possible initial public offering of its base-metals division after an expected rebound in nickel prices failed to materialize.
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