NEW YORK-- Shares of some top chemicals companies were down at the close of trading:. Dow Chemical Co. fell$. 29 or. 7 percent, to $40.76. DuPont Co. fell$. 34 or. 6 percent, to $59.95.» Read More
Germany's Bayer will cut 1,500 jobs at its plastics unit -- 10 percent of the division's workforce -- despite a higher-than-expected rise in group quarterly operating profit, it said on Tuesday.
Europe's major indexes closed lower Tuesday as investors remained cautious in the run up to Wednesday's Federal Reserve decision and in the wake of a generally disappointing batch of major earnings reports.
BASF raised its full-year profit forecast after third-quarter operating profit came in as expected thanks to acquisitions, higher demand and prices for its chemicals and agrochemicals products.
Dow Chemical Thursday reported lower-than-expected third-quarter profit, hurt by a change in German tax law and a charge for acquisition costs.
European markets closed firmly higher Tuesday, boosted by a rally in the U.S. and Asia and a further retreat by oil prices from record highs.
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).
Amilya is one of our all-time favorite guests here on "The Big Idea." Her story starts when her son would, like clockwork, get extremely sick every Tuesday. When her son David turned one year old, she realized what was causing her weekly emergency room visits: chemicals she used to clean the house.
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.