NEW YORK— Shares of some top chemicals companies were up at the close of trading:. Dow Chemical Co. rose$. 36 or. 8 percent, to $45.84. DuPont Co. rose $1.06 or 1.5 percent, to $73.29.» Read More
Mortgage rates are falling, a housing bottom looks near, oil's at $34, and GM lives to see another day.
With an unsafe dividend, exposure to slowing industries and that big run in a very short time, Cramer thinks this stock is a sell.
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A big dividend makes this stock a buy, buy, buy.
U.S. companies ranging from chemicals like Du Pont, to pharmas like Pfizer and Schering Plough, and financials like Fifth Third and BlackRock, reported earnings Tuesday.
European earnings were mixed Thursday, with telecoms reporting results in line or above forecasts, while energy companies and financials posted profit declines or figures below market expectations.
Dow Chemical posted second-quarter earnings that fell short of market expectations as its price increases did not completely offset a sharp spike in energy and raw material costs.
Chemical maker DuPont Tuesday posted higher-than-expected quarterly earnings as strong demand for its corn and soybean seeds offset weakness in the domestic housing and automotive markets.
A flurry of consolidation in the industry has Cramer predicting what could be next to go.
Ashland, which makes chemicals and Valvoline motor oil, said on Friday that it would acquire Hercules in a $2.6 billion cash-and-stock deal that would significantly boost its product offerings.
Warren Buffett's Berkshire Hathaway is helping to finance Dow's just-announced deal to buy specialty chemical maker Rohm and Haas for over $15 billion in cash. Berkshire is contributing an equity investment in the form of $3 billion worth of convertible preferred securities. The Kuwait Investment Authority is also making a $1 billion investment.
This company's making moves to increase its market footprint while reducing the carbon one we leave behind.
Dow Chemical, the biggest U.S. chemical manufacturer, said on Wednesday it would hike prices for all its products by up to 20 percent next month, the latest signal that escalating energy prices were stoking inflation.
Chief executives from around Europe discussed their companies' earnings, opportunities and the challenges they face in 2008 with CNBC Europe Wednesday.
Commerzbank had the most disappointing earnings results out of Europe Wednesday, as the German bank's first-quarter net profit fell 54 percent and it announced a 244 million euro ($377.9 million) writedown.
The company's genetically modified seeds are just what the world needs.
Dow Chemical said on Thursday that first-quarter earnings fell slightly from a year-ago, hurt by lower volumes in North America and soaring crude oil and natural gas costs.
Earnings from a smorgasbord of European companies revealed a mixed business environment Thursday, with the likes of Bayer and Swedbank beating expectations, while Peugeot Citroen and Stora Enso missed.
German companies dominated European earnings headlines Wednesday with tech heavyweight Infineon reporting a quarterly loss, but IKB, the first German subprime casualty indicating a smaller-than-expected loss.
Stocks opened lower Tuesday after disappointing guidance from Texas Instruments.