Kuwait wants to drop Royal Dutch Shell as a partner and is instead considering BP in a project to build a $5 billion oil refinery in Guangdong in China, Kuwait's state news agency KUNA reported on Tuesday.
Royal Dutch Shell Plc and Dow Chemical are in talks with the Iraqi government to renovate and expand a chemical plant in southern Iraq at a cost of up to $2.1 billion, the Iraqi industry minister said.
Dutch chemicals group Akzo Nobel has won access to Imperial Chemical Industries' books after raising its indicative bid for the British maker of Dulux paints to 8.0 billion pounds ($16.3 billion).
Dow Chemical, the biggest U.S. chemical company, is considering making a bid for Britain's Imperial Chemical Industries, the Daily Telegraph newspaper said on Wednesday.
Britain's ICI has rejected an improved 7.8 billion-pound ($15.9 billion) takeover proposal from Dutch rival Akzo Nobel, saying the 85 increase in the offer price is not enough.
Stocks closed sharply lower and the Dow saw its biggest decline since the market meltdown in late February as disappointing news from the housing industry renewed concerns about credit markets and the U.S. economy. "This is just one more of the period panics that we've had in the last six months," said Barton Biggs, managing partner at Traxis Partners. "The puncture of the debt bubble is a positive development and restores some kind of sanity to the debt market."
Dow Chemical reported better-than-expected quarterly earnings on Thursday, as strong overseas demand offset higher energy costs and weakness in the North American housing and automotive markets.
Q2 results are confirming the foreign growth story. Look at Halliburton. Halliburton reported killer earnings today; 68% of their revenues occur outside the U.S.Same with Merck: great earnings, has 40% of sales outside the U.S.
Shares of KBR, the military contractor and engineering company, dipped slightly Friday after soaring to new highs earlier in the week amid a flurry of new business, including a contract one Wall Street analyst called a "game-changing win" for the former Halliburton subsidiary.
Britain's Imperial Chemical Industries has rejected a 7.2 billion-pound ($14.2 billion) bid approach from Dutch chemicals group Akzo Nobel, saying it undervalued the company.
The U.S. securities regulator is probing whether two Dow Chemical executives engaged in unauthorized talks to sell the company, according to a source close to the matter.
Mergers and acquisitions are headed for another record year, fueled by a seemingly endless cascade of private-equity money. “I can’t think of anything that’s off limits,” says Michael Kelly, managing director at Hamilton Lane. "There are good companies in any industry."
Dow Chemical is close to deal to build a $20 billion petrochemical plant in Saudi Arabia, the Financial Times reported late Thursday.
Federal lawsuits were filed from both sides following Dow Chemical's decision last month to fire two top-ranking officials whom it accused of trying to secretly negotiate a leveraged buyout of the company.
Here's our re-cap of the day's action, with the leaderboard, most active and widely held as well as the trivia questions. We'll start there. The video question is worth $2,000 Bonus Bucks: Dow Chemical reported in line Q1 earnings today. What were earnings per share? Your selection of answers is: $2.15 or $2.80 or $3.15 or $1.00.
Andrew Liveris, Dow Chemical’s chief executive officer, reiterated on CNBC’s “Squawk Box” that the company isn’t for sale. “We’re not for sale and we’ve had no discussions about a sale,” Liveris said Thursday. “We’ve had a tremendous amount of rumors, which have been very distracting.”
Hey folks, time for today's trivia questions. The video question is worth $2,000 Bonus Bucks: Dow Chemical reported in line Q1 earnings today. What were earnings per share? Your selection of answers is: $2.15 or $2.80 or $3.15 or $1.00. And the news question is worth $1,000 Bonus Bucks: According to the latest NBC/WSJ poll, what percentage of Americans believe the nation is headed in the right direction? Your selection of answers is: 57% or 14% or 22% or 35%.
Diversified chemical maker Dow Chemical said Thursday its first-quarter profit fell 20% from a year-ago period that included significant licensing revenue within its performance plastics segment.
Chemical company DuPont said its first-quarter earnings and revenue climbed from the same quarter last year, thanks to strength in seed sales, and also reaffirmed its full-year profit forecast.
Cramer's take on Diageo, Dominos Pizza, Dow Chemical and more.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.