Momentive posts weaker sales and earnings

Momentive Performance Materials Holdings (Momentive) posted a drop in sales for the third quarter 2012—while its Momentive Specialty Chemical unit reported a large rise in earnings, and its Momentive Peformance Materials unit had a net loss in earnings. Momentive is the parent company of Momentive Performance Materials and Momentive Specialty Chemical. Momentive is controlled by investment funds affiliated with private equity firm Apollo Global Management. Momentive Peformance Materials, the silicones and quartz operations of Momentive, reported a net loss of...

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