NEW YORK— Shares of some top chemicals companies were mixed at the close of trading:. Dow Chemical Co. fell$. 01 or percent, to $53.70. DuPont Co. rose$. 39 or. 6 percent, to $65.32.» Read More
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.”