Third-quarter Earnings Are Solid as Growth Slows

Basic and diversified chemical firms reported solid third-quarter earnings despite slowing global growth. “We see ongoing volatility in the pace of global economic recovery, and consequently are prepared for jagged economic conditions over the near-term,” says Andrew Liveris, Dow Chemical chairman and CEO. “Headwinds in developed regions continue to restrain consumer spending and business investment. However, in emerging regions, growth in the middle class continues to drive demand.” Dow reported net income of $729 million excluding one-time charges, up...

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