Brexit worries weighed on chemical stocks Monday as many companies in the sector have 'significant' exposure to Europe. » Read More
DALLAS-- Celanese Corp., which makes specialty materials and chemicals, said Friday that it increased its share buyback program by $264 million. Celanese, based in Dallas, has been facing lower pricing in its acetyl intermediates business, a weakened European economy and slower growth in Asia. Shares of Celanese fell 83 cents to $37.38 in morning trading.
The only course of action that makes sense for investors right now is one that has nothing to do with Europe, “Mad Money” host Jim Cramer said Monday.
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Wayne Kaufman, chief market analyst at John Thomas Financial Leadership told CNBC Friday he likes U.S. companies with a global focus but he does not like the Obama administration's economic policies.
With gasoline prices still stubbornly high, a new fuel from an old source could keep America moving more cheaply in the near future. It's coal-based ethanol and Celanese is making a big bet on it.
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Europe is higher on talk of yet another Greek bailout package from the IMF: a proposed $145 billion package to help Greece through 2012 and 2013. But the most important event of the morning is that Greece sold 3 month bills at a yield of 4.88 percent, only a little higher than last month's auction. Apparently the Greeks have not been completely shut out of the capital markets.
With China in talks to build 50,000 skyscrapers over the next 15 years and Japan in need of a major reconstruction in the wake of the earthquakes and tsunami, Wayne Kaufman, chief market analyst at John Thomas Financial, said he is a fan of the materials.
What follows is a roundup of corporate earnings reports for Tuesday, Feb. 1.
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What follows is a roundup of corporate earnings reports for Thursday, July 29.
What follows is a roundup of corporate earnings reports for Tuesday, April 27.
What follows is a roundup of corporate earnings reports for Tuesday, Feb. 9.
What follows is a roundup of corporate earnings reports for Wednesday, Jan. 27.
Eastman Chemical broke out of a three-month range this week, and one trader is making a large bet that the stock will continue rising into 2010.
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