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Archives :: Chemweek Business Daily
Displaying 1 - 20 of 5952 stories.
March 19, 2010
The CW 75 Index rose 2.1% for the week ending March 16, ahead of the Morgan Stanley global composite and the Standard and Poor’s 500 indexes, which each rose by 1.7%. The U.S...http://www.chemweek.com/newsletters/cbd/CW75-Stock-Performance_25477.html March 18, 2010
North American feedstocks were down this week on choppy crude oil prices. Ethane fell about 10 cts/gal and propane lost about 6 cts/gal. Naphtha and butane were each lower by a penny...http://www.chemweek.com/newsletters/cbd/CW-Price-Report_25476.html March 18, 2010
Borealis reported fourth-quarter 2009 net income of €13 million ($17.8 million), compared to a loss of €122 million, on sales down 6%, to €1.3 billion. Operating profit was €11...http://www.chemweek.com/newsletters/cbd/Borealis-Returns-to-Profit-in-the-Fourth-Quarter_25478.html March 18, 2010
TPC Group says it plans to amend its credit facilities to provide more flexibility to use roughly $40 million in cash received from the carry back of 2009 operating losses. Options...http://www.chemweek.com/newsletters/cbd/TPC-Seeks-Credit-Amendments-to-Allow-Use-of-Tax-Refund_25479.html March 18, 2010
Altana posted a 16% decrease in full-year 2009 Ebitda, to €204 million ($280.7 million) on sales down 12%, to €1.2 billion. Fourth-quarter figures were not disclosed. The decreases...http://www.chemweek.com/newsletters/cbd/Altana-Reports-Lower-Sales-and-Earnings_25480.html March 18, 2010
A U.S. appeals court judge has ruled that growers may plant Monsanto’s genetically modified (GM) sugar beets during this year’s season, rejecting a request by environmentalists who...http://www.chemweek.com/newsletters/cbd/Judge-Rules-Growers-Can-Plant-Monsanto-Sugar-Beet_25481.html March 18, 2010
A former DuPont employee was sentenced to 18 months in U.S. federal prison after pleading guilty to theft of trade secrets and obstruction of justice in U.S. Federal Court in Richmond...http://www.chemweek.com/newsletters/cbd/Former-DuPont-Employee-Pleads-Guilty-to-Trade-Secret-Theft_25482.html March 18, 2010
Bayer CropScience says it is expanding its research collaboration with Commonwealth Scientific and Industrial Research Organisation (CSIRO; Clayton South, Australia), Australia’s...http://www.chemweek.com/newsletters/cbd/Bayer-CropScience-Expands-Collaboration-with-Australian-Research-Agency_25483.html March 18, 2010
(Quotes as of 12 pm Eastern daily) COMPANY TODAY YESTERDAY Air Products (APD) 74.40 74.39 Airgas (ARG) 64.01 64.43 Arch (ARJ) 34.63 34.44 Albemarle (ALB) 42.81 42.88 Ashland (ASH)...http://www.chemweek.com/newsletters/cbd/CHEMICAL-STOCK-UPDATE_25484.html March 17, 2010
Eastman says it has acquired Genovique Specialties (Rosemont, IL), a global producer of specialty non-phthalate plasticizers, from private equity firm Arsenal Capital Partners (New...http://www.chemweek.com/newsletters/cbd/Eastman-Acquires-Specialty-Plasticizer-Firm_25460.html March 17, 2010
Lanxess posted net profits of €14 million ($19 million) for the fourth quarter of 2009 compared with a loss of €32 million in the corresponding period of 2008. Net profits were...http://www.chemweek.com/newsletters/cbd/Lanxess-Returns-to-Profit-in-the-Fourth-Quarter_25461.html March 17, 2010
Brazilian trade officials say they are considering suspending patent and intellectual property rights on goods including agricultural chemicals, biotechnology products, and...http://www.chemweek.com/newsletters/cbd/U-S-Brazil-Trade-Rift-Threatens-Patents-on-Agchem-and-Biotech-Products_25462.html March 17, 2010
Ineos says its plans to issue senior secured notes and term loans to prepay a significant proportion of its senior term loan debt. The notes and term loans have maturity of at least...http://www.chemweek.com/newsletters/cbd/Ineos-Plans-to-Refinance-Debt_25463.html March 17, 2010
Linde reported 2009 net income down 16%, to €653 million, on sales down 12%, to €11.2 billion. The gases division's operating profit slipped 2%, to €2.4 billion, on sales down...http://www.chemweek.com/newsletters/cbd/Linde-Reports-Full-Year-Results-Signs-Gas-Supply-Contracts-in-China_25464.html March 17, 2010
(Quotes as of 12 pm Eastern daily) COMPANY TODAY YESTERDAY Air Products (APD) 74.39 74.83 Airgas (ARG) 64.43 64.09 Arch (ARJ) 34.44 34.10 Albemarle (ALB) 42.88 42.63 Ashland (ASH)...http://www.chemweek.com/newsletters/cbd/CHEMICAL-STOCK-UPDATE_25465.html March 16, 2010
Brenntag plans to launch its previously announced Initial public offering (IPO) next week and has announced that shares in the IPO will be priced at €46-€56/share. The IPO would...http://www.chemweek.com/newsletters/cbd/Brenntag-to-Launch-IPO-This-Month_25438.html March 16, 2010
Nova Chemicals says that reduced shipments of natural gas through Alberta are likely to constrain its ethane feedstock supplies for its Joffre, AB site in 2010. Nova did not disclose...http://www.chemweek.com/newsletters/cbd/Nova-Chemicals-Facing-Feedstock-Constraints-in-Alberta_25439.html March 16, 2010
Reliance Industries may be looking to form a joint venture with Atlas Energy (Moon Township, PA) to develop the company’s Marcellus Shale gas operations, according to media reports...http://www.chemweek.com/newsletters/cbd/Reliance-to-Enter-Marcellus-Shale-JV_25440.html March 16, 2010
Moody's Investors Service (New York) has assigned a 'stable' outlook to LyondellBasell's debt, including $3.25 billion in new issuances. The new debt will be composed of $2.25 billion...http://www.chemweek.com/newsletters/cbd/Moodys-Assigns-Stable-Outlook-to-LyondellBasell-Debt_25441.html March 16, 2010
Office Cherifien des Phosphates (OCP; Casablanca), the global leader in phosphate rock and derivatives market, and Jacobs Engineering have formed an equally owned joint venture, Jacobs...http://www.chemweek.com/newsletters/cbd/OCP-and-Jacobs-Form-Engineering-Joint-Venture_25442.html |
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