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Materials and Metals Chemicals

  • KINGSPORT, Tenn. _ Eastman Chemical Co. on Thursday reported first-quarter net income of $278 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share. Eastman Chemical shares have increased roughly 9 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed...

  • *Q1 net sales up 23.6 pct to $13.23 bln vs est $13.21 bln. *Sees Q2 sales of $13.3 bln to 13.8 bln vs est $13.21 bln. Regulators in the United States, Brazil, China, Australia and Canada are yet to clear the deal.

  • Shares of the Saskatoon, Saskatchewan- based fertilizer producer rose 1.6 percent in early New York trading, touching a three-week high. Potash said it expected full-year earnings of 45 cents to 65 cents per share, up from its prior forecast of 35 cents to 55 cents. Bernstein analyst Jonas Oxgaard said earnings benefited from a lower tax rate as well as stronger...

  • *Operating EPS $1.04 vs est $0.99. The merger is still to be approved by regulators in the United States, Brazil, China, Australia and Canada. "We've had lots of substantive discussions, expect to hear from China and the U.S. Department of Justice next, followed by Brazil," Howard Ungerleider, Dow's chief financial officer, told Reuters.

  • *Q1 net sales up 23.6 pct to $13.23 bln vs est $13.21 bln. Operating EPS $1.04 vs est $0.99. Sales at Dow's agriculture business slipped 5 percent to $1.6 billion on lower sales of herbicides and insecticides in Asia Pacific and weak demand for corn seeds in North America.

  • April 27- Seeds and chemical maker Dow Chemical Co, which is merging with DuPont, reported a much bigger quarterly profit from a year earlier, when the company recorded charges of $824 million. Net income available to the company's shareholders rose to $888 million, or 72 cents per share, in the first quarter ended March 31 from $169 million, or 15 cents per share, a...

  • The company raised its forecast for full-year profit to 45- 65 cents per share, from the 35- 55 cents it previously forecast. Potash Corp also raised the lower end of its estimate for 2017 potash sales to 8.9 million tonnes from 8.7 million tonnes, keeping the upper end at 9.4 million tonnes. The company's net earnings nearly doubled to $149 million, or 18 cents per...

  • HOUSTON _ Kraton Performance Polymers Inc. on Wednesday reported first-quarter earnings of $6.4 million. On a per-share basis, the Houston- based company said it had net income of 20 cents. Kraton shares have increased 16 percent since the beginning of the year.

  • PARIS, April 26- French construction materials group Saint Gobain reported an 8.8 percent rise in first-quarter sales from a year ago and maintained its target for higher operating profits this year on a like-for-like basis. St Gobain, which is looking to buy a controlling stake in Swiss construction chemicals maker Sika, said first-quarter sales rose to...

  • PARIS, April 26- French industrial gases company Air Liquide reported that first-quarter revenues rose 38.5 percent from a year ago, as its 2016 takeover of Airgas boosted sales, and the company was confident of more profit growth in 2017.. Air Liquide, whose main rivals Linde and Praxair are planning to merge, said sales rose to 5.18 billion euros, lifted by the...

  • MAYFIELD HEIGHTS, Ohio _ Ferro Corp. on Tuesday reported first-quarter net income of $21.9 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Three analysts surveyed by Zacks expected $301.1 million.

  • NEW YORK— PPG Industries is boosting its offer for Akzo Nobel, looking to buy the industrial paints and chemicals company in a cash-and-stock deal valued at about $28.8 billion. PPG said that it's prepared to make some divestitures if needed to complete the transaction and would have dual listings of the combined company's shares on the New York Stock Exchange...

  • *European Food Safety Authority feels backlash over glyphosate. *EFSA chief says dispute in Europe is politically motivated. An international dispute over glyphosate's possible risks to human health has prompted investigations by congressional committees in the United States, and in Europe has forced a delay to a re-licensing decision for Roundup.

  • WASHINGTON— Dow Chemical is pushing a Trump administration that's open to scrapping regulations to ignore the findings of federal scientists who point to a family of widely used pesticides as harmful to about 1,800 critically threatened or endangered species. Dow Chemical wrote a $1 million check to help underwrite Trump's inaugural festivities, and its...

  • WASHINGTON— Dow Chemical is pushing the Trump administration to scrap the findings of federal scientists who point to a family of widely used pesticides as harmful to about 1,800 critically threatened or endangered species. The letters, dated April 13, were obtained by The Associated Press. Dow Chemical chairman and CEO Andrew Liveris is a close adviser to...

  • THE HAGUE, Netherlands— Industrial paints and chemicals company AkzoNobel said Wednesday it plans to spin off its Specialty Chemicals unit within 12 months to boost growth and reward its shareholders. In a move aimed at keeping shareholders happy and loyal, AkzoNobel said it will boost its dividend by 50 percent and return the "vast majority of net proceeds"...

  • District Judge Raymond Dearie said at a hearing in Brooklyn federal court that about $93 million will go to the United States, $2.39 billion to Brazil and $116 million to Switzerland. Monday's order comes as Odebrecht tries to negotiate plea deals with other countries, including Argentina, Chile, Colombia, Ecuador, Mexico, Peru, the Dominican Republic, Venezuela,...

  • NEW YORK, April 17- A U.S. judge on Monday sentenced Brazilian engineering company Odebrecht SA to pay $2.6 billion in fines in a massive criminal corruption case, signing off on a plea deal between the company and U.S., Brazilian and Swiss authorities. District Judge Raymond Dearie said at a hearing in Brooklyn federal court that about $93 million will go to the...

  • *To use deal proceeds to pay off $850 mln of debt. April 17- Williams Partners LP said on Monday it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion in cash, as part of the pipeline operator's efforts to focus on natural gas. Williams Partners, which put the Geismar, Louisiana plant on the block in...

  • BEIJING, April 13- Sinopec Corp said on Thursday that a fire in a warehouse at a petrochemical and refining complex in southern China operated by one of its subsidiaries was put out at 2:20 pm local time and had not affected production. Sinopec said in a statement the fire started at 9:55 on Thursday in a warehouse for synthetic rubber in the facility operated by...