Dow Chemical, the No. 1 U.S. chemical maker by sales, had a good quarter, reporting a better-than-expected rise in profit.» Read More
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Dow Chemical, the biggest U.S. chemical manufacturer, said on Wednesday it would hike prices for all its products by up to 20 percent next month, the latest signal that escalating energy prices were stoking inflation.
Dow's CEO, Andrew Liveris, noted that first quarter feedstock and energy costs were up "a staggering 42 percent," putting strains on the company and its relations with customers. For most chemical companies, price increases have failed to keep up with raw material increases.
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Dow Chemical said on Thursday that first-quarter earnings fell slightly from a year-ago, hurt by lower volumes in North America and soaring crude oil and natural gas costs.
In Friday’s Web Extra find out how the traders are playing fast food and chemical companies ahead of earnings.
Water -- often overlooked in the green debate -- is a key part of the company's 2015 sustainability goals and a promising profit center in emerging markets.
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