NEW YORK-- Shares of some top chemicals companies were up at the close of trading:. Dow Chemical Co. rose$. 66 or 1.7 percent, to $39.27. DuPont Co. rose $1.23 or 2.0 percent, to $61.34.» Read More
*Stolt-Nielsen, Odfjell, Ardmore set to gain- analysts. Nov 1- After four years in the doldrums, the specialized chemical tankers that ply the seas between the United States and Asia are set to generate bumper profits for the handful of companies that own and operate them.
BEIJING, Nov 1- Sinopec Corp won initial approval last month from China's top economic planner for a plan to build a $10- billion refinery and petrochemical complex in Shanghai, two company officials said. The new Sinopec plant, designed to process mostly imported crude oil, will be built in the Caojing industrial park, some 50 km from the centre of Shanghai.
SHANGHAI, Oct 31- The looming bailout of Suntech Power may mark a temporary victory for the city of Wuxi in its struggle to keep its champion employer afloat, but it highlights a singular weakness in China's reform strategy: a deep-rooted political inability to allow inefficient businesses to go bust.
MEXICO CITY, Oct 30- Mexico's competition authority said on Wednesday it rejected an appeal by U.S. paint maker Sherwin Williams over its blocked bid to acquire Mexican paint company Consorcio Comex for $2.34 billion.
Oct 29- U.S. chemical maker Huntsman Corp said it expected prices of white paint pigment to come out of a two-year slump by the end of next year as raw material prices stabilize and industrial demand improves. Huntsman shares rose as much as 7 percent, touching their five-year high on the New York Stock Exchange.
*Third-quarter EPS $0.26 vs $0.48 last year. Oct 29- U.S. chemical maker Huntsman Corp reported a 45 percent decline in quarterly profit due to lower selling prices and higher raw material costs. "Earnings within our pigments business have been improving throughout the year and we are encouraged by industry trends," Chief Executive Peter Huntsman said on Tuesday.
Oct 29- U.S. chemical maker Huntsman Corp reported a 45 percent decline in quarterly profit, partly due to higher raw material costs. Net income attributable to Huntsman fell to $64 million, or 26 cents per share, in the third quarter ended Sept. 30, from $116 million, or 48 cents per share, a year earlier. Revenue rose 4 percent to $2.84 billion.
Oct 28- Mosaic Co said on Monday that it would buy the phosphate business of fellow U.S. fertilizer company CF Industries Holdings Inc for $1.2 billion in cash. Minnesota- based Mosaic will acquire the South Pasture phosphate mine and plant, a phosphate manufacturing plant and ammonia terminal and warehouse facilities, all in Florida.
*UK government approves 125 mln pound loan guarantee. LONDON, Oct 25- Scotland dodged a heavy blow to its economy on Friday with a deal to rescue an oil refinery and petrochemical plant and safeguard up to 1,400 jobs. There's a future for this site, and it's long-term sustainable, " Calum MacLean, chairman of Grangemouth UK, said at a news conference.
*Scotland to give 9 mln pound grant. LONDON, Oct 25- A rescue of the Grangemouth refinery and petrochemical plant in Scotland was secured on Friday as the union and the company reached a deal, saving 1,400 jobs and preventing a heavy blow to Scotland's economy.
LONDON, Oct 25- The Grangemouth petrochemical plant in Scotland will not close after a last-minute deal between the union and owner Ineos has been reached, Sky News reported, citing sources.
Oct 24- Dow Chemical Co said it now expects to raise between $3 billion and $4 billion from asset sales in the next 18 to 24 months, at least double its earlier target, as it looks to shed businesses exposed to commodity price swings.
Oct 24- Dow Chemical Co reported lower-than-expected quarterly results due to weak earnings at its performance materials unit and said it expects to raise $3 billion to $4 billion from asset sales. Dow Chemical shares fell nearly 4 percent in premarket.
Excess capacity in the refining industry, especially in Europe, and the shale revolution in North America will continue to pressurise Grangemouth and Britain's other oil refineries. Like their counterparts in continental Europe and the East Coast of the United States, Britain's refineries are old, small and relatively unsophisticated.
Oct 24- Dow Chemical Co, which is looking to exit businesses that are exposed to commodity price swings, said it planned to raise at least $3 billion to $4 billion from asset sales.
Andrew Liveris, President, Chairman & CEO of Dow Chemical, breaks down his company's Q3 earnings, and urges a look at the company's strong cash story and strength in its plastic and U.S. businesses.
*Bankruptcy exit likely in Jan-CEO. Oct 23- Chemical maker W.R. Grace& Co said it does not expect to emerge from its 12- year bankruptcy before the end of January as it deals with court appeals against its restructuring plan. Grace shares were up 3 percent at $93.19 in afternoon trading on the New York Stock Exchange.
Oct 23- Strong demand for W.R. Grace& Co's construction, packaging and coatings materials helped quarterly profit scrape past analysts' estimates, even as prices of chemical catalysts, its main business, remained low.
Oct 23- U.S. chemical maker W.R. Grace& Co reported an 8 percent decline in quarterly profit due to lower prices of its catalysts used by refiners to process crude oil. The company's net income fell to $69.4 million, or 89 cents per share in the third quarter, from $75.5 million, or 99 cents per share, a year earlier. Revenue fell less than 1 percent $771.3 million.
Oct 22- DuPont, the largest U.S. chemical maker by sales, said it expects earnings to more than double this quarter as its fast-growing agriculture business overcomes seasonal weakness. "The story is going to be all about agriculture," said Piper Jaffray analyst Mike Ritzenthaler.