Chemical Week Magazine :: Business & Finance :: United States/Americas
Third-quarter Earnings Are Solid as Growth Slows
8:41 AM MDT | October 28, 2011 | â€”CW STAFF
Basic and diversified chemical firms reported solid third-quarter earnings despite slowing global growth. â€śWe see ongoing volatility in the pace of global economic recovery, and consequently are prepared for jagged economic conditions over the near-term,â€ť says Andrew Liveris, Dow Chemical chairman and CEO. â€śHeadwinds in developed regions continue to restrain consumer spending and business investment. However, in emerging regions, growth in the middle class continues to drive demand.â€ť Dow reported net income of $729 million excluding one-time charges, up...
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