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Chemical Industry Weekly News Round-Up, September 3

11:56 AM MDT | September 3, 2010 | By VINCENT VALK

This Week on CW:

Walmart has chosen AkzoNobel to be its main paint supplier. The world's largest paint company will develop a line of interior paints exclusively for the U.S.'s largest retailer.

Private equity firm Clayton, Dubilier & Rice purchased a 42.5% stake in Univar in deal valuing the distributor at $4.2 billion. In light of the deal, Univar is shelving plans for an IPO.

Brazil fined five industrial gases firms a total of $1.64 billion, alleging that they conspired to form a cartel. The largest fine is going to Praxair's White Martins subsidiary, one of Brazil's largest industrial gases suppliers.

Monsanto is expecting full-year EPS in the low end of a previously announced range, at $2.40-$2.45/share. The company has been hit by falling profits for its Roundup product line, and is restructuring that division to meet projections.

BASF, Linde and power company RWE have made a breakthrough in carbon capture technology.

Around the Web:

The Atlantic considers five "doomsday" scenarios for the U.S. economy.

A new poll finds a considerable majority of Americans support federal greenhouse gas regulation, Bloomberg reports.

The New York Times' Freakonomics blog discusses a paper on the peculiar verbal ticks of lying CEOs.

Also in the Times, banks are increasingly accounting for environmental risk when making lending decisions.












 
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