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Chemicals Specialty Chemicals

  • HOUSTON _ Kraton Performance Polymers Inc. on Wednesday reported first-quarter earnings of $6.4 million. On a per-share basis, the Houston- based company said it had net income of 20 cents. Kraton shares have increased 16 percent since the beginning of the year.

  • MAYFIELD HEIGHTS, Ohio _ Ferro Corp. on Tuesday reported first-quarter net income of $21.9 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Three analysts surveyed by Zacks expected $301.1 million.

  • NORTHFIELD, Ill. _ Stepan Co. on Tuesday reported first-quarter earnings of $31.9 million. Stepan Co. shares have declined nearly 1 percent since the beginning of the year. Keywords: Stepan Co., Earnings Report.

  • THE HAGUE, Netherlands— Industrial paints and chemicals company AkzoNobel said Wednesday it plans to spin off its Specialty Chemicals unit within 12 months to boost growth and reward its shareholders. In a move aimed at keeping shareholders happy and loyal, AkzoNobel said it will boost its dividend by 50 percent and return the "vast majority of net proceeds"...

  • SAN FRANCISCO, April 17- A hazardous material spill at Tesla Inc's Gigafactory battery plant in Nevada on Monday was being investigated by emergency workers but there were no serious injuries, the company said. Tesla spokesman Dave Arnold said a drum of "standard construction cleaning solvent" was spilled at a loading dock and a small area of the building was...

  • *Shareholder Elliott Advisors threaten legal action. AMSTERDAM, April 12- A rebel shareholder in Akzo Nobel threatened the Dutch paint maker with legal action on Wednesday after the company said it would reject any proposal for a vote on dismissing its chairman at a shareholders' meeting. Fund manager Elliott Advisors is one of a group of shareholders who want...

  • AMSTERDAM, April 12- Rebel shareholders in Dutch paint maker Akzo Nobel want to oust the company chairman after Akzo refused to engage in takeover talks with U.S. rival PPG Industries. Elliott Investors, one of Akzo's largest shareholders, said in a statement it was one of a group of investors that meets the Dutch legal threshold of 10 percent support needed to...

  • April 11- Hedge fund Elliott Advisors is close to securing support from enough Akzo Nobel NV investors to call for an extraordinary general meeting of the Dutch paint maker's shareholders, according to people familiar with the matter. Elliott is hoping the move will add to pressure on Akzo to negotiate a potential sale to U.S. coatings manufacturer PPG...

  • *FTSE 100 up 0.1 pct. *Old Mutual top FTSE loser on South Africa woes. LONDON, April 5- British shares edged higher on Wednesday, extending gains from the previous session as heavyweight mining and oil stocks rallied, while support services firm DCC also gained after agreeing to buy a business in Hong Kong and Macau.

  • *FTSE 100 up 0.3 pct. LONDON, April 5- British shares rose on Wednesday, extending gains from the previous session as heavyweight mining shares and oil stocks rallied while DCC also gained after agreeing to buy a business in Hong Kong and Macau. DCC was also among the biggest gainers, up 1.6 percent and trading close to record highs after agreeing to buy Royal Dutch...

  • March 8- Dutch paint maker Akzo Nobel NV is exploring a sale or merger with a peer, and is in talks with companies including U.S. coatings manufacturer PPG Industries Inc, people familiar with the matter said on Wednesday. The sources asked not to be identified because the matter is confidential. Bloomberg News reported earlier that PPG was exploring a potential...

  • FRANKFURT, March 2- German consumer products group Henkel said it had submitted a binding offer to buy the global Darex Packaging Technologies business from GCP Applied Technologies for $1.05 billion on a cash and debt free basis. The bolt-on acquisition would add a business to Henkel's adhesives division that makes sealants and coatings used by...

  • Feb 21- Chemical maker Tronox Ltd said it would expand a business that makes titanium dioxide, a whitening pigment used in paints, with a $1.67 billion deal. Shares of the company were up 4 percent in premarket trading on Tuesday. Credit Suisse was Tronox's financial adviser, while Kirkland& Ellis LLP and Willkie Farr& Gallagher LLP were its legal advisers.

  • Feb 21- Chemical maker Tronox Ltd said it would expand a business that makes titanium dioxide, a whitening pigment used in paints, paper and plastics with a $1.67 billion deal. Tronox is buying the titanium dioxide unit of privately held chemical and mining company Cristal. Cristal will hold a 24 percent stake in the new Tronox, which will include the expanded...

  • Kottmann told reporters on Thursday he was not considering a transformative deal involving the unit, concentrating instead on smaller bolt-on acquisitions similar to oil industry deals the company made in Texas last year for a combined 366 million Swiss francs. With the chemicals sector being transformed by megadeals including Monsanto's $66 billion...

  • Betting big on lithium

    Luke Kissam, Albemarle CEO, discusses the demand for lithium due to the growing need for batteries.

  • LONDON, Nov 28- Belgian specialty materials group Umicore has completed the sale of its zinc units to U.S. based private equity firm OpenGate Capital for $150 million. It was renamed EverZinc by OpenGate Capital. The U.S. private equity firm has recently bought Italian PVC films manufacturer Alfatherm and is looking to increase investment in the nano-zinc...

  • Nov 3- The U.S. Department of Health and Human Services said on Thursday it added seven new agents, including the HIV virus and an industrial solvent, to its list of carcinogens. The list identifies factors including chemicals, agents like viruses, X-rays and ultraviolet radiation, and divides them into two categories- known to be a human carcinogen and reasonably...

  • German drug and chemicals giant Bayer has made an unsolicited takeover offer for Monsanto, the world's biggest seed company.

  • The oil market is reaching some stability after earlier volatility, the vice chairman of Saudi petrochemicals giant SABIC said.