Chemical Finance Digest, Aug. 29-Sept. 2

Topping the headlines last week, Omnova lowered its full-year earnings outlook to 40-44 cts/share from 60 cts/share. The company attributed the move to "a deceleration in the global economy" and higher raw material costs.   In M&A news, Solvay has officially completed the acquisition of Rhodia, while Univar bought a Brazilian distributor.   In debt news, Praxair is issuing new bonds worth $500 million. The bonds are due in 2021, and carry an interest rate of 3% - just about a percentage point higher than the yield for comparable U.S...

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