The pre-2008 economy should be viewed as a bubble and growth rates will be much more subdued, Dow Chemical Chairman and CEO Andrew Liveris tells CNBC.» Read More
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.
Inflation data could play a big role in setting the course for stocks, which so far are looking for direction ahead of the opening. Asia markets were mostly lower, while Europe's stock markets this morning are mostly higher.
A Dow Chemical executive who was fired after being accused of engaging in unauthorized discussions with third parties about selling the company told CNBC's David Faber that "it never happened." Romeo Kreinberg, head of Dow's performance plastics operations and a 30-year company veteran, said accusations that he violated the company's code of conduct are "totally untrue."
With global merger volume running 40% ahead of last year's record levels, and private equity barbarians scooping up one company after the next, the Wall Street rumor mill - in turn - is also running at a record pace.
Stocks closed modestly higher on Tuesday as the Dow Jones Industrial Average stretched its winning streak to eight straight sessions. Still, caution ahead of the beginning of earnings season kept many investors on the sidelines.
The chief executive of Dow Chemical on Tuesday shot down speculation that the company is in talks with private equity for a leveraged buyout. “We are not in discussions with anyone in LBO,” Andrew Liveris told CNBC’s David Faber.
Stocks are searching for direction after a 7-session winning streak for the Dow 30. European stocks are moving higher after yesterday's holiday there, and Asian stocks were mixed overnight.
Stocks closed mixed on Monday after a modest follow through rally from Friday's strong jobs numbers quickly fizzled as investors looked ahead to quarterly earnings season. "I think with the next few days we're in a holding pattern waiting for earnings to appear," said Zachary Karabell, portfolio manager at Fred Alger Management.
CNBC's David Faber reports that those aware of private equity interests say Dow Chemical has told them not to bother approaching the company. Dow shares are trading higher, after a U.K. paper reported a consortium of Middle Eastern investors and American buyout firms is preparing a $50 billion approach for Dow Chemical in what could be the world's biggest ever leveraged buyout.
Stocks closed higher amid continued volatility, reflecting guarded investor optimism ahead of next week's Fed meeting. "The mood of the market is as variable as the weather here in Manhattan, it's hot one day and cold the next. It's likely to remain that way at least through the end of the quarter," said Charles Crane, managing member with Scotsman Capital Management.