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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Dow Chemical Co.

Dow Chemical Co. stories: 10 news summaries

(Newser) - CEOs and investors have springs in their steps. After a week full of positive earnings reports, many now believe worst is over, the Wall Street Journal reports. Yesterday saw a slew of reports that matched or beat estimates, including Motorola, Goodyear, Sony, and Kellogg Co. The economy “has... More »

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Would-Be Car-Battery Kings Jostle Over $2.4B From Feds

States seek to become lithium-ion capital of US

(Newser) - Some 165 companies and states are battling for a $2.4 billion Obama administration grant aimed at making the US a leader in electric-car batteries, the Wall Street Journal reports. General Motors, Dow Chemical, and General Electric are among the firms vying for the money; states like Michigan, Kentucky, and... More »

MARKET Open
(Newser) - Stocks surged at the open, as better-than-expected earnings buoyed hopes that the economy is ready for a comeback, the Wall Street Journal reports. The Dow was up 71 points, while the S&P and Nasdaq rose 8 and 20 points, respectively. Earnings reports have been surprisingly good this quarter; about... More »

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stock market Dow Jones earnings reports Nasdaq Dow Chemical Co. S&P 500

MARKETS

 Dow Drops 32; Crude Rises 

Rohm & Haas, Dow Chemical fall on scuttled Kuwait deal

(Newser) - Stocks saw light losses today as news of trouble in Rohm & Haas’ acquisition of Dow Chemical hurt materials and crude staged a comeback on renewed Middle East tension, MarketWatch reports. The Dow closed down 31.62 points at 8,483.93. The Nasdaq fell 19.92 to close at... More »

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Exxon Gaza Dow Jones Nasdaq DuPont Dow Chemical Co. S&P 500 oil prices Rohm & Haas

MARKET Open

 Stocks Flat as Oil Surges 

Case Schiller likely to throw this out of whack later

(Newser) - Oil prices soared this morning, as Middle East tensions reached a fever pitch, but stocks barely budged, with the Dow rising a mere 1.83 points, while the Nasdaq and S&P moved up 0.44 and 5.18 respectively. Oil rose above $40 thanks to Israel’s dramatic attacks... More »

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stock market Nasdaq Dow Dow Chemical Co. S&P 500 oil prices

Dow Chemical to Slash
5,000 Jobs, Close 20 Plants

Moves will save company about $700 million

(AP) - Dow Chemical Co. will slash 5,000 full-time jobs—about 11% of its total work force—close 20 plants, and sell several businesses to rein in costs amid the recession, the company announced today. One of the largest chemical makers in the world, Dow expects the moves to save about... More »

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Dow Chemical Drops $15.3B on Rohm & Haas

Deal may signal start
of consolidation in chemical industry

(Newser) - In what may be the beginning of a long-anticipated consolidation of the chemical industry, Dow Chemical today said it was buying coatings and electronic-materials company Rohm & Haas in a $15.3 billion all-cash deal, reports the Wall Street Journal. Dow is backed by $3 billion from Warren Buffett's... More »

Dow Hikes Prices 20% on Chemicals in Many Products

Chemical company rips feds for energy policy it blames for higher costs

(Newser) - Skyrocketing energy costs prompted Dow Chemical to bump prices up to 20% yesterday on compounds that are the building blocks for thousands of consumer products, fanning inflation fears. Dow, one of the world’s largest chemical companies, ripped Washington for an energy policy it says has raised its energy costs... More »

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Dow Chemical Sells 50% of Plastics Biz to Kuwait for $9.5B

Deal gets firm access to cheap raw materials

(Newser) - Kuwait’s national oil company agreed to buy a 50% stake in Dow Chemical’s plastics divisions for $9.5 billion, marking the biggest overseas investment by a Kuwaiti firm, Bloomberg reports. CEO Andrew Liveris said Dow would benefit from cheap access to raw materials and liquid assets received from... More »

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Big Industries Joust Over Energy Prices

Companies strive to suit their own ends
in tug-of-war over green policies

(Newser) - US industries are at each other’s throats over energy policy as each sector tries to protect its own interests. A prime example came last year, when Dow Chemical's push for tougher automobile fuel-economy standards—which would help keep a lid on Dow's oil expenditures—ran afoul of automakers, who... More »

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climate change ethanol vehicle emissions biodiesel oil price auto industry crude oil Dow Chemical Co.

10 Stories