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Archives :: Services :: Financial
Displaying 21 - 40 of 843 stories.
April 22, 2013
MACROECONOMIC STATUS Our running tab of positive indicators slipped by one to 14 out of 20 this week. Thus, we continue to post a green banner. Consumer prices down 0.2%; up 1.5%...http://www.chemweek.com/services/financial/ACCs-economic-outlook-for-the-week-ended-19-April-2013_51338.html April 22, 2013
In the latest salvo in the ongoing A. Schulman– Ferro fight, Schulman management today issued a statement refuting a letter Ferro sent to its shareholders last week. Schulman...http://www.chemweek.com/services/financial/Schulman-responds-to-Ferro-shareholder-letter_51337.html April 18, 2013
In an effort to win a proxy fight with investors FrontFour Capital and Quinpario Partners, Ferro has sent an additional letter to shareholders detailing what the company calls the...http://www.chemweek.com/services/financial/Ferro-sends-additional-letter-to-shareholders-dissident-investors-respond_51285.html April 18, 2013
Cytec has announced first-quarter earnings down 36.9% YOY, to $33.5 million, or 73 cts/share, on sales up 26.3%, to $477.4 million. Excluding special items, however, earnings rose...http://www.chemweek.com/services/financial/Cytec-earnings-fall-short-of-estimates-guidance-cut-due-to-economic-risk_51297.html April 18, 2013
PPG has reported first-quarter adjusted net income of $235 million, or $1.58/share, on sales that were flat, at $3.33 billion. Adjusted net income rose 8.8% from the year-ago quarter...http://www.chemweek.com/services/financial/PPG-beats-estimates-on-steady-sales_51283.html April 17, 2013
Moderate economic growth in North America is supporting credit ratings at US and Canadian chemicals companies, according to credit ratings service Standard & Poor’s (S&P...http://www.chemweek.com/services/financial/S-and-P-Chemicals-credit-quality-supported-by-economic-growth_51262.html April 17, 2013
MBAC Fertilizer (Toronto) has completed a C$51.7-million ($50.5 million) private placement of shares. A total of 23.48 million shares were issued and sold at C$2.20/share. The shares...http://www.chemweek.com/services/financial/Canadas-MBAC-Fertilizer-completes-C$51-7-million-private-placement-for-Brazil-phosphate-project_51223.html April 15, 2013
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. Retail trade down 0.4%; down 2.8% year-on-year (YOY)...http://www.chemweek.com/services/financial/ACCs-economic-outlook-for-the-week-ended-12-April-2013_51182.html April 15, 2013
Jana Partners (New York), a hedge fund and activist shareholder, has purchased a 7.4% stake in Ashland and held discussions with company management regarding Ashland’s...http://www.chemweek.com/services/financial/Activist-shareholder-buys-up-Ashland-stake-prompting-asset-sale-rumors_51181.html April 11, 2013
PPG has acquired Deft (Irvine, CA), a maker of aerospace coatings, including structural primers and military topcoats, the company says. Financial details of the deal, including...http://www.chemweek.com/services/financial/PPG-acquires-aerospace-coatings-maker_51076.html April 9, 2013
A. Schulman today reported fiscal second-quarter net income up 29.7% year-on-year (YOY), to $11.8 million, on sales up 5.3%, to $522.4 million. A tax allowance and an acquisition drove...http://www.chemweek.com/services/financial/Schulman-falls-short-of-estimates-on-Europe-weakness_51005.html April 8, 2013
MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 16 out of 20 this week. Thus, we continue to post a green banner. Payroll employment up by 88,000...http://www.chemweek.com/services/financial/ACCs-economic-outlook-for-the-week-ended-5-April-2013_50990.html April 4, 2013
RPM’s fiscal third-quarter net income rose 30.8% year-on-year (YOY), to $8.7 million, on sales up 9.1%, to $843.7 million. Earnings totaled 7 cts/share, beating analysts’...http://www.chemweek.com/services/financial/RPM-earnings-rise-segment-results-hit-by-contract-investigation_50949.html April 3, 2013
Cytec has closed the $1.15-billion sale of its coating resins business to private equity Advent International (New York). The deal, which was announced in October, completed a...http://www.chemweek.com/services/financial/Cytec-closes-coating-resins-sale_50923.html April 2, 2013
MACROECONOMIC STATUS Our running tab of positive indicators was 16 out of 20 this week. Thus, we continue to post a green banner. CAB up 0.4%; up 2.9% year-on-year (YOY) Consumer...http://www.chemweek.com/services/financial/ACCs-economic-outlook-for-the-week-ended-29-March_50907.html April 2, 2013
Sadara Chemical has closed its issuance Islamic bonds, or Sukuk, worth 7.5 billion Saudi riyals. The issuance was oversubscribed, leading to an increase from the initial expected...http://www.chemweek.com/services/financial/Sadara-closes-Islamic-bond-issue_50890.html April 2, 2013
International Flavors & Fragrances is issuing $300 million in 10-year senior bonds with an interest rate of 3.2%, the company says. The public offering of the bonds will close...http://www.chemweek.com/services/financial/IFF-issuing-bonds-at-3-2-percent_50889.html April 1, 2013
Nippon Sheet Glass (NSG; Tokyo) has sold its 6.25% stake in FMC Wyoming, which contains most of FMC's soda ash and alkali operations, back to FMC for $80 million, NSG says. NSG...http://www.chemweek.com/services/financial/Nippon-Sheet-Glass-sells-soda-ash-stake-back-to-FMC_50828.html March 28, 2013
Despite the industry’s cyclicality and environmental risks, North American chemical companies tend to offer weak covenants on high-yield bonds, according to a new report from...http://www.chemweek.com/services/financial/Moodys-Chemical-companies-offer-bond-investors-little-protection_50817.html March 28, 2013
Ferro and its lenders have agreed to amend its senior credit facility, reducing the company’s revolving loan commitment to $250 million from $350 million. The move will reduce...http://www.chemweek.com/services/financial/Ferro-amends-credit-facility_50800.html |
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