Chemicals Ellen Kullman

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  • *Sees 2016 operating profit of $2.95- $3.10/ shr vs est. The company's previous cost-reduction plan, launched under former CEO Ellen Kullman, had pegged cuts at $1.3 billion by the end of 2016 from 2013 levels. The company said it expects full-year operating earnings of $2.95- $3.10 per share, compared with analysts' average estimate of $3.10 per share, according to...

  • Dec 9- A potential marriage of chemicals titans Dow Chemical and DuPont would draw intense scrutiny from regulators in the United States and other countries, but Wall Street welcomed the reported merger talks, lifting shares of both companies by 12 percent. "I look at it like Pepsi and Coca-Cola merging, then splitting into syrup, bottling, and snacks& sundry...

  • Dec 9- Merger talks between Dow Chemical Co and DuPont to create a chemicals titan with a $130 billion market value lifted Dow shares to a record on Wednesday and put DuPont on track for its biggest daily gain in more than six years. The Wall Street Journal first reported on Tuesday that the companies were in advanced merger talks that would create a chemicals...

  • Dec 9- Merger talks between Dow Chemical Co and DuPont are likely to have been precipitated by shareholder pressure and weakening demand for crop-protection chemicals, and such a deal would have been unlikely even a few months ago. The Wall Street Journal first reported on Tuesday that the companies were in advanced talks to merge to become a $120 billion...

  • NEW YORK, Nov 16- When Carly Fiorina started at Hewlett-Packard Co in July 1999, one of her first acts as chief executive officer was to start buying back the company's shares. By the time she was ousted in 2005, HP had snapped up $14 billion of its stock, more than its $12 billion in profits during that time. Following him, Leo Apotheker bought back $10 billion in shares...

  • *Succeeds company veteran Ellen Kullman. Nov 9- DuPont' s interim Chief Executive Edward Breen will keep his job permanently, setting the stage for the executive best known for the turnaround and breakup of Tyco International Plc to complete a wider overhaul of the chemicals and seed producer. Breen's appointment after less than a year with DuPont was announced...

  • *Succeeds company veteran Ellen Kullman. Nov 9- DuPont named interim Chief Executive Edward Breen to the top post, permanently handing over the reins of the stumbling conglomerate to an industry veteran best known for overseeing the turnaround and breakup of Tyco International Plc. Breen, who was also appointed chairman, took over as interim CEO on Oct. 16 after...

  • UPDATE 1-DuPont appoints Edward Breen permanent CEO Monday, 9 Nov 2015 | 7:11 AM ET

    Nov 9- Chemicals and seeds company DuPont said it appointed interim Chief Executive Edward Breen its permanent CEO and chairman. Breen has been the company's interim CEO since Oct. 16, when veteran Ellen Kullman suddenly stepped down. Nelson Peltz's Trian Fund Management, which lost a proxy battle for DuPont's board seats in May, has said DuPont can save $2...

  • DuPont appoints Edward Breen permanent CEO Monday, 9 Nov 2015 | 6:53 AM ET

    Nov 9- DuPont said it appointed interim Chief Executive Edward Breen its permanent CEO and chairman.

  • The combined business, DuPont Protection Solutions, will be led by Rose Lee, who currently heads the company's protection technologies unit. The business will be led by Patrick Lindner, who is now head of performance polymers. The consolidation comes less than a month after Edward Breen took over as the company's interim chief executive, following Ellen...

  • *Q3 oper earnings/shr 13 cents vs est 10 cents. *Cost cuts contribute 10 cents/ shr to Q3 oper earnings. Oct 27- DuPont is talking to rivals about its agriculture business, interim Chief Executive Edward Breen said on Tuesday, less than a week after Dow Chemical Co announced a review of its farm chemicals and seeds unit.

  • *Q3 oper earnings/shr 13 cents vs est 10 cents. *Cost cuts contribute 10 cents/ shr to Q3 oper earnings. Oct 27- DuPont is in M&A talks with rivals for its agriculture business, interim Chief Executive Edward Breen said on Tuesday, less than a week after Dow Chemical Co announced a review of its farm chemicals and seeds unit.

  • *Q3 oper earnings/shr 13 cents vs est 10 cents. DuPont, which gets about 60 percent of its sales from outside North America, said net sales fell 17.5 percent to $4.87 billion in the third quarter ended Sept. 30, missing the average analyst estimate of $5.3 billion. Cost cuts contributed 10 cents per share to third-quarter operating earnings of 13 cents, helping the...

  • UPDATE 1-DuPont's profit beats estimates on cost cuts Tuesday, 27 Oct 2015 | 6:23 AM ET

    Cost reductions contributed 10 cents per share to third-quarter operating earnings of 13 cents, helping the company beat the average analyst estimate of 10 cents. DuPont, which gets about 60 percent of its sales from outside North America, said net sales fell 17.5 percent to $4.87 billion. Net income attributable to DuPont nearly halved to $235 million, or 26 per...

  • DuPont CEO departure buys time to appease Peltz Tuesday, 6 Oct 2015 | 7:05 PM ET

    BOSTON/ TORONTO Oct 6- The departure of DuPont's chairwoman and chief executive Ellen Kullman has bought the U.S. chemical manufacturer a few months' grace to boost its stock price and appease activist investor Nelson Peltz. "This goes a long way to inoculate the company from another proxy fight," said Damien Park, who works with companies facing pressure from...

  • *IMF cuts global growth view for second time. *Pfizer, Merck drag down S&P health index. Oct 6- U.S. stocks fell on Tuesday, ending a five-day winning streak, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings.

  • NEW YORK, Oct 6- Crude oil jumped about 5 percent on Tuesday after the United States cut output forecasts, while global equity markets mostly rose on expectations the Fed will not raise interest rates this year, although Wall Street fell on slumping biotech stocks. Helping crude was news that non- OPEC producer Russia and key OPEC member Saudi Arabia discussed the...

  • *IMF cuts global growth view for second time. *Nasdaq biotech index down 4 pct. Oct 6- U.S. stocks fell on Tuesday as healthcare companies lost ground and investors eyed upcoming quarterly reports that are expected to show a dip in corporate earnings.

  • US STOCKS-Wall St lower as health care stocks slump Tuesday, 6 Oct 2015 | 1:17 PM ET

    *IMF cuts global growth view for second time. Oct 6- U.S. stocks fell in afternoon trading on Tuesday as a rout in healthcare stocks resumed and as an IMF report added to worries about global growth. At one point the index was down 6.6 percent, set for its biggest intraday drop since August 2011.

  • NEW YORK, Oct 6- Crude prices jumped more than 4 percent on Tuesday after the United States cut output forecasts, while global equity markets mostly rose on expectations the Federal Reserve will not raise interest rates this year. Helping crude was news that Russia and Saudi Arabia had met last week and discussed the oil market, and planned to continue exchanging...