NEW YORK— Shares of some top chemicals companies were up at the close of trading:. Dow Chemical Co. rose$. 03 or. 1 percent, to $48.75. DuPont Co. rose$. 05 or. 1 percent, to $67.03.» Read More
It was a busy Tuesday for earnings reports, with several big-name companies issuing latest results. Here's what market analysts and corporate executives appearing on CNBC Europe had to say about the latest numbers.
Chemical maker DuPont said on Tuesday that third-quarter profit rose more than 8 percent as higher international seed sales offset weakness in the U.S. housing and auto markets.
Dutch chemical group Akzo Nobel said on Tuesday its third-quarter core profit rose 11 percent, supported by its chemical unit and cost cutting at its decorative coatings business.
European stocks finished in negative territory Thursday, after a sharper-than-expected drop in Bank of America's third-quarter profit caused by the credit crisis dragged financial and banking stocks lower.
Dutch chemical group Akzo Nobel unveiled a 2 billion euros ($2.8 billion) share buyback and raised its dividend payout ratio on Monday as it seeks shareholder approval for its $16.3 billion purchase of Britain's ICI.
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German chemical company BASF plans to sell a 7-year euro benchmark bond, one of the banks managing the sale said on Wednesday, as the outlook for credit markets brightened.
Blackstone Group plans to buy a 20 to 40% stake in chemicals company China National BlueStar (Group) for up to $500 million, marking its first major investment in the world's fastest-growing major economy.
Dutch chemicals group Akzo Nobel has agreed a deal to buy Britain's ICI for 8 billion pounds ($16.2 billion) to boost its position as the world's biggest industrial coatings maker.
Dutch chemicals group Akzo Nobel has won access to Imperial Chemical Industries' books after raising its indicative bid for the British maker of Dulux paints to 8.0 billion pounds ($16.3 billion).
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Dow Chemical, the biggest U.S. chemical company, is considering making a bid for Britain's Imperial Chemical Industries, the Daily Telegraph newspaper said on Wednesday.
BASF, one of the world's biggest chemical companies, said Wednesday that its second-quarter profit rose 11.3% as demand and higher prices for its products padded global sales.
Chemicals company Huntsman said Tuesday it swung to a loss in the second quarter due to a loss from discontinued operations and higher feedstock and energy costs.
Dow Chemical reported better-than-expected quarterly earnings on Thursday, as strong overseas demand offset higher energy costs and weakness in the North American housing and automotive markets.
Agrochemical company Syngenta on Thursday posted a 27% rise in net profit for the first six months and raised its outlook for the rest of the year.
DuPont, the No. 2 U.S. chemical company, Tuesday reported lower-than-expected second-quarter profit due to lower U.S. volumes coupled with higher energy and raw material costs.
Wall Street is heading for a lower opening as some weak earnings and credit market jitters outweigh positive profit reports from companies like Pepsico and Lockheed-Martin. European markets are moving lower after overnight gains in Tokyo and Hong Kong shares.
Akzo Nobel, the Dutch chemicals and industrial coatings maker, reported that net profit fell 25% to 270 million euros ($373 million) in the second quarter.
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