Second-quarter European chemical industry earnings will continue to be squeezed by slowing volumes, unfavorable currency exchange rates, and rising raw material costs, “but with some... http://www.chemweek.com/services/financial/12998.html
Saudi Arabian Mining Co. (Ma'aden; Riyadh) says that 68% of its previously announced initial public offering (IPO) has been subscribed with five days of the offer period left. About... http://www.chemweek.com/services/financial/12902.html
Macroeconomic Status Our running tab of positive indicators remains at nine out of 20 this week. As a result, we continue to post a yellow banner. Consumer... http://www.chemweek.com/services/financial/12496.html
Many European chemical companies will report reduce cash flows during the next few quarters because of deteriorating macro-economic conditions in the European chemical industry ahead... http://www.chemweek.com/services/financial/11672.html
Four private equity firms have been short-listed as preferred bidders to acquire a 25% stake in Evonik Industries, according to several newswire reports today. The private equity firms... http://www.chemweek.com/services/financial/11184.html
Reliance Industries says that Moody’s Investors Service (New York) has affirmed Reliance's Baa2 issuer and senior unsecured credit rating with stable outlook. “The Baa2... http://www.chemweek.com/services/financial/9195.html
Wellman’s board of directors is exploring “strategic alternatives” for the company before refinancing its debt in 2008, says Tom Duff, chairman and CEO. Wellman has... http://www.chemweek.com/services/financial/8702.html
Petro Rabigh, a 50-50 joint venture between Saudi Aramco and Sumitomo Chemical, will be floated on the Saudi stock exchange in early January following a previously announced initial... http://www.chemweek.com/services/financial/8679.html
Tata Chemicals Ltd. (TCL; Mumbai) has raised $100 million through a private placement in the U.S., and the funds are expected to be used for capacity expansions and... http://www.chemweek.com/services/financial/7840.html
Wenning: Health care is a growth engine. Bayer HealthCare (BHC) has raised its Ebitda margin forecast for 2007 from 24%, to 25%, and increased its Ebitda margin forecast for 2009 from... http://www.chemweek.com/services/financial/6680.html
Airgas says it expects to report earnings of 61 cts-63 cts/share in its fiscal first quarter ending June 30, approximately 17% above its previous guidance of 52 cts-54 cts/share... http://www.chemweek.com/services/financial/6690.html
Omnova Solutions reported a net loss of $9.8 million for its second quarter, compared to net income of $5.3 million in the same year-ago period. Results included debt redemption costs... http://www.chemweek.com/services/financial/6737.html
Grant: Set up for strong growth. Monsanto says it expects its third-quarter earnings to be $1.00/share, higher than analysts’ estimates of 76 cts/share. Monsanto has also lifted... http://www.chemweek.com/services/financial/6612.html
The economy grew an annualized 0.6% in the first quarter, according to the most recent estimates, far below initial growth estimates, analysts say. The primary reason for the new... http://www.chemweek.com/services/financial/6677.html
Clamadieu: Rumors are ‘unfounded.’ Rhodia’s stock price fell almost 14% in morning trading on June 7, and rebounded to €2.79/share at the close of day on June 8... http://www.chemweek.com/services/financial/6585.html
Celanese says its board of directors has approved the repurchase of up to $330 million of its common stock, which traded at $36.94/share on June 8. The plan represents 5.1% of equity... http://www.chemweek.com/services/financial/6588.html
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