text: &#2; CORRECTION - PHIBRO ENERGY CHAIRMAN In New York story headlined Phibro Energy chairman said to have resigned please read in headline Former Phibro Energy Chariman Starts New company and first paragraph: Thomas OMalley former chairman and chief executive officer of Phibro Energy a subsidiary of Salomon Bros. Inc. has formed a oil trading company. (clarifies that OMalley was former chairman) &#3;