Commodity producers post earnings, sales declines

Recent commodity and diversified results were characterized by declining earnings and apprehension about the fourth-quarter operating environment. Sales figures showed either declines or tepid growth. Several companies fell short of Wall Street expectations. LyondellBasell CEO Jim Gallogly says the company expects a normal seasonal slowdown in certain segments for the fourth quarter but says, “We do not expect a slowdown of the severity experienced in 2011. In North America olefins, we believe that margins will remain strong as fundamental drivers remain...

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