PROVIDENCE, R.I. _ Nortek Inc. on Monday reported a loss of $2.3 million in its second quarter. Nortek expects full-year revenue in the range of $2.5 billion to $2.58 billion. Nortek shares have declined nearly 2 percent since the beginning of the year.» Read More
BEIJING, Feb 7- China's anti-corruption watchdog said on Saturday that it had uncovered evidence of graft at China Petrochemical Corp, warning the state-owned oil giant to take strong action to eradicate kickbacks, nepotism and theft. Sinopec, the parent company of China Petroleum& Chemical Corp, must take steps to stop "power-for-money dealings" and prevent...
The acquisition vehicle, dubbed Quinpario Acquisition Corp 2, has so far outbid private equity firms, including American Securities LLC, in the auction for Royal Adhesives, the people said on Friday. Arsenal Capital Partners, the buyout firm that owns Royal Adhesives, may still decide to sell the company to American Securities or another bidder, the people added.
Feb 5- British drinks can maker Rexam Plc said it is in talks to be bought by U.S. rival Ball Corp for 4.3 billion pounds, a deal that would form an industry giant better equipped to withstand rising aluminium costs. Rexam said it had received a proposal from Broomfield, Colorado- based Ball valuing it at 610 pence per share. Rexam's London- traded shares closed...
*Says was considering a Trian nominee as additional board member. *Says Trian wants Nelson Peltz himself on DuPont board. Feb 5- Trian Fund Management turned down DuPont's proposal to consider appointing one of the activist investor's nominees to the company's board as the fund wanted its chief executive, Nelson Peltz, to get a seat, the chemical maker said.
Feb 5- Specialty chemical manufacturer W.R. Grace& Co said it would split into two companies in a tax-free transaction to shareholders, driving up its shares by as much as 15 percent. W.R. Grace, which emerged from one of the longest U.S. bankruptcies in 2013, said the split would improve its strategic focus, simplify operations and allow for better use of capital.
Feb 5- Specialty chemical manufacturer W.R. Grace& Co said it would split into two companies to improve strategic focus, simplify operating structures and make better use of capital. W. R. Grace said one company, which is likely to have sales of about $1.8 billion, will consist of its businesses that make products used in the refining, petrochemical, personal care and...
Feb 5- Specialty chemicals maker W.R. Grace& Co said it would split into two public companies through a tax-free transaction to shareholders aimed at improving strategic focus, simplifying operating structures and making better use of capital. One company will consist of Grace's businesses that make products used in the refining, petrochemical, food,...
Feb 5- Shares in Rexam Plc, the world's second-largest beverage can maker by revenue, rose as much as 12 percent after two UK newspapers reported there was market chatter about U.S. private equity firms' potential interest in the company. The Independent said on Thursday there were rumors that Rexam was a potential takeover target for U.S. private equity firms.
TONGON, Ivory Coast, Feb 5- Randgold Resources Ltd will begin paying dividends from its Tongon mine in Ivory Coast in the third quarter of 2015 as it targets gold production of 260,000 ounces for the year, Chief Executive Mark Bristow said on Thursday. The London- listed company is one of the main gold miners in Ivory Coast, a soft commodities powerhouse that is now...
*POSCO sees 2015 sales 29.3 trln won vs 29.2 trln won last year. *POSCO eyes 2015 spending of 2.9 trln won vs 3 trln won last year. SEOUL, Feb 5- POSCO on Thursday kept its 2015 spending target largely unchanged at 2.9 trillion won from 3 trillion won on a parent basis last year as the world's sixth largest steelmaker expects Chinese demand to remain sluggish.
LAUNCESTON, Australia, Feb 5- Some people love conspiracy theories and the latest is that the Australian central bank is deliberately weakening its currency to save the country's big iron ore miners. In comments made on Tuesday, the same day Australia's benchmark rate was cut by 25 basis points to a historical low of 2.25 percent, the outspoken CEO said the RBA was "...
The CNBC Crowdfinance 50 Index lists the most active private companies raising capital through the use of equity crowdfunding platforms.
Potash Corp. of Saskatchewan reported a better-than-expected quarterly profit, helped by strong potash sales and lower costs.
International Paper on Wednesday reported fourth-quarter earnings of $134 million.
Economists may teach that low prices and declining demand encourage producers to decrease supply, but the iron ore industry may have skipped class that day.
Stable, low oil prices are good because the drop in crude is supply-driven and will act as stimulus, Dow Chemical CEO Andrew Liveris tells CNBC.
As it continues to shift its business model, Alcoa delivered fourth-quarter earnings and revenue that topped analysts' expectations.
Joy Global, which gets more than 60 percent of its revenue from coal miners, reported a 4 percent fall in revenue as customers cut production.
The abrupt retirement of United Technologies' CEO was in part due to growing concerns over his private interests, The Wall Street Journal reported.
CNBC's Diana Olick reports on the potential impact of lower oil prices to materials companies and homebuilder companies.