It had been one of Jim Cramer’s least favorite stocks, so why is he shining a spotlight on this chemical maker, now?» Read More
BOSTON/ NEW YORK, Feb 6- In the past, billionaire investor Daniel Loeb would often wait for an industry conference before revealing his investment ideas. Such announcements-- including Loeb's bet on Dow Chemicals and Kyle Bass' bet on General Motors-- often lead to big swings in share prices as other investors pile on.
*Fed to reduce stimulus by another $10 billion per month. *Boeing, Yahoo shares fall after results; Facebook up late. NEW YORK, Jan 29- U.S. stocks dropped more than 1 percent on Wednesday, hitting session lows after the Federal Reserve stuck with its plan to scale back stimulus even in the midst of emerging market turmoil.
Bond prices rose after the after the Federal Reserve released the minutes of its most recent policy committee meeting on Wednesday.
CNBC's Kate Kelly thinks companies will face more pressure from activist investors in the future.
Jan 29- Dow Chemical Co hiked its dividend and tripled its share buyback program, but signaled that it was in no hurry to fall in line with activist shareholder Daniel Loeb's demands to spin off its slow-growing petrochemical businesses. Shares of Dow Chemical, the largest U.S. chemical maker by sales, rose as much as 6 percent in early trading on Wednesday.
Facing pressure from activist investor Dan Loeb, Dow Chemical chief Andrew Liveris told CNBC that Warren Buffett supports his vision for the company.
*Fed set for $10 billion taper; announcement 2:00 p.m. EST. *Boeing, Yahoo fall after results. NEW YORK, Jan 29- U.S. stocks fell on Wednesday, along with markets around the world, on concerns that bold efforts by Turkey and South Africa to stabilize their currencies may not be enough to staunch a cycle of selling in emerging markets.
Jan 29- Dow Chemical Co reported a quarterly profit that comfortably beat market expectations, hiked its dividend and tripled its share buyback program, joining rival DuPont in increasing shareholder returns amid investor activism.
*Fed set for $10 billion taper; announcement 2:00 p.m. EST. *Dow Chemical shares up in premarket after earnings beat. NEW YORK, Jan 29- Wall Street was set to open lower on Wednesday as investors shifted their focus from the Turkish central bank's bold interest-rate hike to the U.S.
U.S. stock index futures struggled around the flatine Wednesday, a day after an aggressive rate hike from the Turkish central bank and as investors looked ahead to the Federal Reserve's next move on stimulus.
*Fed set for $10 billion taper; announcement 2:00 p.m. EST. *Dow Chemical shares up in premarket after earnings beat. NEW YORK, Jan 29- U.S. stock index futures fell on Wednesday as investors shifted their focus from the Turkish central bank's bold interest-rate hike to the U.S.
Some of the names on the move ahead of the open.
Jan 29- Dow Chemical Co reported a better-than-expected quarterly profit and tripled its share buyback program to $4.5 billion, joining rival DuPont in increasing shareholder returns amid investor activism.
Facing pressure from activist investor Dan Loeb, Dow Chemical Chairman and CEO Andrew Liveris told CNBC that Warren Buffett supports his vision.
Jan 29- Dow Chemical Co raised its dividend 15 percent and expanded its share buyback program to $4.5 billion from $1.5 billion after posting a fourth-quarter profit. Net income available for common stockholders was $963 million, or 79 cents per share, in the quarter ended Dec. 31.
Andrew Liveris, President, Chairman & CEO of Dow Chemical, breaks down the chemical company's fourth quarter results and shares his thoughts on Dan Loeb's call to spin-off its petrochemical business.
Jan 28- DuPont's quarterly profit doubled, beating market estimates, as its strong push into agriculture paid off, and the chemical maker said it would buy back $5 billion in stock. DuPont shares were up about 2 percent at $61.30 in premarket trading on Tuesday.
Traders are bracing for another rough ride in markets this week, as the emerging markets continue to shakeout and the Fed is expected to announce another round of cuts to its easing program.
It's perfect for "Squawk Box": a who's who of corporate leaders, policymakers, Hollywood A-listers ... and our intrepid co-hosts.
This market is moving so rapidly that some major changes are literally manifesting overnight!