NEW YORK— Shares of some top chemicals companies are up at 10 a.m.:. Dow Chemical Co. rose$. 44 or. 8 percent, to $53.48. DuPont Co. rose$. 19 or. 3 percent, to $65.49.» Read More
A Dow Chemical executive who was fired after being accused of engaging in unauthorized discussions with third parties about selling the company told CNBC's David Faber that "it never happened." Romeo Kreinberg, head of Dow's performance plastics operations and a 30-year company veteran, said accusations that he violated the company's code of conduct are "totally untrue."
The chief executive of Dow Chemical on Tuesday shot down speculation that the company is in talks with private equity for a leveraged buyout. “We are not in discussions with anyone in LBO,” Andrew Liveris told CNBC’s David Faber.
Office supplies maker Avery Dennison said on Thursday it would buy clothing label maker Paxar for $1.3 billion, in a bid to expand in the fragmented retail information and brand identification market. 1st paragraph of story should go here
Tips are for waiters…but rumors, if you know how to use them, can make you some mad money.
Here some of Monday's big movers on European stock markets: Akzo Nobel, Alliance Boots, ICI,Swisscom and DSG International.
Ciba Specialty Chemicals Holding on Tuesday reported fourth-quarter net profit of 84 million Swiss francs ($67.2 million; 51.9 million euros) and said Chief Executive Armin Meyer will step down at the start of next year.
Warren Buffett made a fortune investing in boring stocks, and he often advised would-be billionaires to do the same. In fact, finding below-the-radar value plays has been a key strategy on Wall Street since the 1949 tome, The Intelligent Investor, written by Buffett mentor Benjamin Graham. Today on “Street Signs,” Erin Burnett cajoled a few stock picks out of another soft-spoken Midwestern investor, and true to form, they’re companies you’ve probably never heard of.
German chemicals maker Altana said Friday that full-year sales rose 18 % as the company benefited from rising foreign demand.
Dow Chemical said fourth-quarter profit fell 11%, as higher costs offset a modest increase in sales. But the results outpaced analysts' expectations.
Dow Chemical is looking to make acquisitions, but the amount of private-equity money floating around has made lots of businesses in chemical sector expensive, the company's chief executive told CNBC.
Chemicals maker DuPont reported fourth-quarter results Tuesday that matched analysts' expectations on the top and bottom lines and also affirmed guidance for the current year.
DuPont said it will not participate in the Army's plan to dispose of wastewater from the destruction of the deadly nerve agent VX.
The Dow is sharply lower--even as investors appear to be waiting for the afternoon news from the Federal Reserve on interest rates before making trades. A few stocks --are moving. Melissa Lee took a closer look at today’s large cap trading; she’s CNBC’s “Eye on the Floor.”