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Materials and Metals Chemicals

  • BEIJING, Nov 8- China has raised its 2018 crude oil import quota for "non-state trade," generally meaning independent refiners, by 55 percent over 2017, raising the clout of the independents in the global market after a setback this year. The Ministry of Commerce said on Wednesday companies can start applying for quotas for 2018 totalling 142.42 million tonnes, or...

  • SUGAR LAND, Texas _ Trecora Resources on Tuesday reported third-quarter profit of $1.7 million. On a per-share basis, the Sugar Land, Texas- based company said it had profit of 7 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • ENGLEWOOD, Colo. _ Innospec Inc. on Tuesday reported third-quarter earnings of $23.3 million. The Englewood, Colorado- based company said it had net income of 95 cents per share. Innospec shares have decreased nearly 9 percent since the beginning of the year.

  • MELBOURNE/ LONDON, Nov 7- Mining giant Anglo American is among several companies interested in buying commodity trader Louis Dreyfus's metals business, three trading and banking sources told Reuters. Anglo American also declined to comment. The world's biggest mining companies including BHP Billiton, Rio Tinto and Anglo American sharpened their marketing...

  • RICHMOND, Va. _ Synalloy Corp. on Tuesday reported a loss of $1.2 million in its third quarter. On a per-share basis, the Richmond, Virginia- based company said it had a loss of 14 cents. Synalloy shares have risen 38 percent since the beginning of the year.

  • Commerce Secretary Wilbur Ross said on Monday he probably would not keep his holdings in a shipping company with business ties to Russian President Vladimir Putin's inner circle and that he had fully and properly disclosed investments. Sibur's owners include Putin's son-in-law, Kirill Shamalov, and Gennady Timchenko, a Putin associate who is subject to U.S.

  • DOWNERS GROVE, Ill. _ Univar Inc. on Friday reported third-quarter net income of $38.9 million, after reporting a loss in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. Univar shares have increased almost 5 percent since the beginning of the year.

  • LONDON, Nov 6- While the world braces for the electric-vehicle revolution, Royal Dutch Shell is betting on growing appetite for asphalt and plastics to sustain its century-old oil refining business for the coming decades. "Refining will continue to be part of our portfolio for decades to come," said Shell's head of manufacturing Lori Ryerkerk, who is in charge of...

  • CHICAGO, Nov 3- Monsanto Co has asked Arkansas to block a member of a state regulatory body from participating in a hearing next week that could ban a weed killer linked to crop damage, saying he is biased, the company's latest attempt to defend the product. Fuller, in an interview on Friday, said he represents Arkansas seed growers on the board and believes the...

  • How Axalta went from loser to takeover target

    Jim Cramer highlighted Axalta's turnaround and other high-profile spinoffs to find what makes corporate breakups successful.

  • Cramer: How DuPont spinoff Axalta went from loser to takeover target—and how to spot similar situations

    Jim Cramer highlighted Axalta's turnaround and other high-profile spinoffs to find what makes corporate breakups successful.

  • DuPont products are shown for sale in a hardware store in National City, California, December 9, 2015.

    Jim Cramer highlighted Axalta's turnaround and other high-profile spinoffs to find what makes corporate breakups successful.

  • CHICAGO, Nov 1- Monsanto Co put on hold the launch of a chemical designed to be applied to crop seeds on Wednesday following reports it causes rashes on people, in the latest instance of complaints about a company product that was approved by U.S. environmental regulators. The company said it conducted three years of field tests across the United States in...

  • CHICAGO, Nov 1- U.S. farmers have overwhelmed state governments with thousands of complaints about crop damage linked to new versions of weed killers, threatening future sales by manufacturers Monsanto Co and BASF SE. However, the EPA approved such use only until Nov. 9, 2018, because "extraordinary precautions" are needed to prevent dicamba products from...

  • Mosaic, the world's largest producer of finished phosphate products, cut its dividend 83 percent, idled a Florida phosphate plant and said it would focus on repaying debt after it completes a $2.5- billion purchase late this year of Brazil fertilizer facilities from Vale SA. "We are taking actions to make this company as competitive as it can be in any business...

  • ZURICH, Oct 31- Clariant, the Swiss speciality chemicals maker whose top investor derailed its $20 billion merger with Huntsman, posted better-than-expected third-quarter sales and operating profit on Tuesday as acquisitions added to results. Adjusted earnings before interest, taxes, depreciation and amortisation rose 13 percent to 235 million francs,...

  • Oct 30- LyondellBasell Industries NV has approached Brazil's Braskem SA for a potential takeover, valuing the petrochemicals company at more than $10 billion, the Wall Street Journal reported on Monday. Dow Chemical and DuPont completed their $130 billion merger last month to form DowDuPont, while ChemChina bought Swiss seeds group Syngenta for $43 billion...

  • Oct 30- LyondellBasell Industries NV has approached Brazil's Braskem SA for a potential takeover, valuing the petrochemicals company at more than $10 billion, the Wall Street Journal reported on Monday. The talks are at an early stage and there is no guarantee of a deal, the Journal reported, citing people familiar with the matter. http://on.wsj.com/2zRqhHj.

  • LONDON, Oct 30- British petrochemicals company Ineos is buying fashion brand Belstaff, best known for its waxed cotton motorcycle jackets once worn by Steve McQueen, in the latest off-beat project by Ineos's billionaire founder Jim Ratcliffe. Founded in 1924 in England, Belstaff claims an illustrious line of customers for its motorcyle jackets, including...

  • ZURICH, Oct 30- The fight over chemicals company Clariant's future turned bitter on Monday as activists who thwarted a $20 billion merger with Huntsman threatened to call a shareholder meeting if they do not get three board seats and a strategy review. Clariant and Huntsman dropped tie-up plans on Friday after White Tale, an investment vehicle backed by hedge...