Dow Chemical is in the process of closing its merger with DuPont, with the FMHR traders.» Read More
*Zoetis, Pfizer assets could attract Bayer in future. Possible targets for the German company could include veterinary drug firm Zoetis and Pfizer's consumer health business, the two sources said. Bayer, Zoetis and Pfizer declined to comment.
Halliburton has been forced to delay for a second time its planned $26bn acquisition of rival Baker Hughes, the Financial Times reports.
NEW YORK, Dec 14- The tax-free treatment of the spin-offs Dow Chemical Co and DuPont plan to carry out after they merge their businesses is a prime driver of the deal, potentially saving tens of billions of dollars, industry experts said. The $120 billion merger, announced last week, comes less than a month after drug maker Pfizer Inc said it would use its $160 billion...
Jim Cramer gets to the bottom of why the averages aren't doing that badly but the market feels bad anyway.
Check out the companies making headlines after the bell Monday: Boeing, Pfizer, Xerox & more.
*DuPont, Dow Chemical fall; materials only losing sector. Concerns about high-yield bonds, oil price swings and the Fed made for a skittish market, said Peter Costa, president of Empire Executions Inc.. Traders see an 83- percent chance that the Fed will lift rates by 25 basis points, according to the CME Group's FedWatch program.
U.S. stocks closed higher Monday, helped by a pause in the oil price slide amid continued concerns about the high-yield debt market.
*DuPont, Dow Chemical fall after deal to merge. *Trina Solar surges after go-private proposal. *Apple, GoPro fall after price target cuts.
*Dupont, Dow Chemical fall after deal to merge. *Trina Solar surges after go-private proposal. The S&P energy sector was down 0.95 percent on Monday, with crude staying firmly below $40 a barrel, amid mounting fears of a worsening supply glut as OPEC and non- OPEC producers war over prices.
U.S. stock index futures indicated a mostly lower open Monday ahead of this week's Federal Reserve meeting.
*Dupont, Dow Chemical fall after deal to merge. *Trina Solar surges after go-private proposal. "Stocks are relatively quiet this morning, which is somewhat normal, after last week's shellacking," said Adam Sarhan, chief executive of Sarhan Capital in New York.
Some of the names on the move ahead of the open.
Stock futures turned negative this morning after being up strongly, as crude falls sharply to under $34 a barrel.
*China's economic data over the weekend showed factory output in November grew to a five-month high, suggesting stimulus measures from Beijing may have put a floor under a fragile economy. *Dupont shares were down 1.2 percent at $69.60 in premarket trading after the company agreed on Friday to merge with Dow Chemical in a $130 billion deal.
Activist investor Daniel Loeb has called for Dow Chemical to remove chief executive Andrew Liveris, according to The Wall Street Journal.
*DuPont, Dow Chemical fall after agreeing to merge. "Positioning has been clearly along the lines of taking risk exposure off," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. The sell-off gained ground ahead of the close as investors took profits on stocks such as Amazon.com, which had performed well this year, said...
U.S. stocks traded sharply lower as fresh multi-year lows in oil prices and another merger weighed ahead of the Fed's decision on rates next week.
*Dow, Du Pont to merge, then split into three. Dec 11- Chemical titans DuPont and Dow Chemical Co agreed to combine in an all-stock merger valued at $130 billion in a move that pleased activist investors, would generate tax savings and trigger more consolidation while drawing scrutiny from regulators. The "deal of three centuries," as Wells Fargo analyst Frank Mitsch...
Dec 11- Seeds and chemical maker Dow Chemical Co said it would assume full control of Dow Corning, its joint-venture with Gorilla glass maker Corning Inc.. The transaction is expected to yield more than $1 billion in additional annual EBITDA at full run-rate synergies, Dow Chemical said. Dow and Corning will maintain their current equity stake in Hemlock,...
Dec 11- Seeds and chemical maker Dow Chemical Co said it would assume full control of its joint-venture with Corning Inc, the supplier of Gorilla Glass for iPhones. Formed in 1943, Dow Corning produces silicon-based products for aerospace, automotive and electrical industries. The transaction is expected to yield more than $1 billion in additional annual...