NEW YORK, June 4- The U.S. Securities and Exchange Commission is investigating allegations that Andrew Liveris, chairman and chief executive officer of industrial giant Dow Chemical Co, misused company funds for personal benefit, according to people familiar with the matter. It is not clear whether the SEC investigation is limited to the spending allegations...
*Q1 net income $1.18/ share vs $0.79 year earlier. April 23- Dow Chemical Co reported a better-than-expected quarterly profit as its focus on high-margin businesses that cater to packaging and electronics industries helped balance the impact of a strong dollar. Dow, which has been shedding its low-margin commodity businesses, said in March it would sell parts...
April 23- Dow Chemical Co reported a better-than-expected quarterly profit, helped by higher margins in five of its six units. Net income available to shareholders rose to $1.39 billion, or $1.18 per share, in the quarter ended March 31, from $964 million, or 79 cents per share, a year earlier. Up to Wednesday's close of $50.02 on the New York Stock Exchange, Dow's...
March 27- Dow Chemical Co said it would separate a significant part of its chlorine business and sell it to smaller rival Olin Corp in a tax-efficient deal valued at about $5 billion. The transaction, structured as a Reverse Morris Trust deal, allows Dow to sell its non-core U.S. Gulf Coast chlor-alkali and vinyl, global chlorinated organics and epoxy assets...
March 27- Dow Chemical Co said it would separate most of its chlorine business and sell it to smaller rival Olin Corp in a tax-efficient deal valued at about $5 billion. The transaction, structured as a Reverse Morris Trust deal, allows Dow to sell its non-core U.S. Gulf Coast chlor-alkali and vinyl, chlorinated organics and epoxy assets without having to pay taxes.
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Dow Chemical said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins.
Dow investors have been rewarded in the last 3 months with stocks surging more than 20 percent. Andrew Liveris, Dow Chemical chairman and CEO, provides his outlook on the global economy and discusses the biggest opportunities for growth in Dow Chemical.
*Fourth-quarter charge of $900 million to $1.1 billion. Oct 30- Dow Chemical Co will take a fourth-quarter charge of as much as $1.1 billion related to last week's announcement that it will close 20 plants, write down the value of its lithium ion battery business and lay off thousands of workers.
WASHINGTON-- It's halftime for the season of corporate earnings reports, and investors are in desperate need of a locker-room pep talk.
MIDLAND, Mich.-- Shares of Dow Chemical jumped 6 percent in premarket trading Wednesday after the company announced significant restructuring plans.
*Dow Chemical to cut 2,400 jobs, close 20 plants. NEW YORK, Oct 23- Dow Chemical Co, the largest chemical maker in the United States, said on Tuesday it plans to cut 5 percent of its workforce and shutter 20 plants as part of a restructuring program aimed at countering a slowing global economy.
NEW YORK, Oct 23- Dow Chemical Co, the largest chemical maker in the United States, said on Tuesday it plans to cut 5 percent of its workforce and shutter 20 plants as part of a restructuring program aimed at countering a slowing global economy. Rival DuPont slashed its earnings forecast and announced 1,500 jobs cuts.
MIDLAND, Mich.-- The Dow Chemical Co. will eliminate about 2,400 jobs and close roughly 20 manufacturing facilities as part of a restructuring plan aimed at coping with slowing economic growth in Europe and elsewhere.
The U.S. is on the verge of an economic “renaissance” thanks to abundant shale gas — and that demands a smart energy policy, Dow Chemical CEO Andrew Liveris said Thursday.