Search results
Results from the WOW.Com Content Network
Anthony "Tino" De Angelis (November 3, 1915 – September 26, 2009) [3] was a Bayonne, New Jersey, commodities trader who dealt in vegetable oil futures worldwide.. In 1962 De Angelis' company, Allied Crude Vegetable Oil Refining Corporation, bilked 51 banks out of over $180 million ($1.79 billion today) in what became known as the Salad Oil scandal after he failed to corner the soybean oil ...
When inspectors audited Allied's facilities, the company would transfer the same oil stock from tank to tank to fool the inspectors while entertaining them during lunch. [4] In all, Allied posted 1.8 billion pounds (820,000 t ) of soybean oil as collateral to fraudulently obtain $180 million in loans, when the actual stock was a mere 110 ...
Allied Corp. was a major American company with operations in the chemical, aerospace, automotive, oil and gas industries. It was initially formed in 1920 as the Allied Chemical and Dye Corporation as an amalgamation of five chemical companies.
Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month. In ...
The combined company adopted "The Signal Companies" as its corporate name in 1968, [2] [3] and in 1974, sold its original Oil operations to Burmah Oil for $480m. [2] The merger of Allied and Signal made aerospace the new company's largest business sector. [4] The combined company adopted the name Allied-Signal on September 19, 1985. [5]
Saudi Arabia and allied oil producing countries on Sunday extended output cuts through next year, a move aimed at supporting slack prices that haven't risen even amid turmoil in the Middle East ...
In 1911, Standard Oil was broken up into smaller units in accordance with the Sherman Antitrust Act. One of these successor companies was Standard Oil Company of New Jersey, the precursor to Esso and later Exxon, which retained the ownership of the Bayway facilities. Bayway became a leading research facility within the S.O. New Jersey enterprise.
Floyd Roy Newman (May 4 1890 – October 10, 1990), known to his friends as F. R. or Flood, was an American oil man, founder of the Allied Oil Company, Inc. of Cleveland, and its senior partner and secretary-treasurer until it merged with the Ashland Oil and Refining Company and he joined the Board of Ashland.