DuPont sees global Agriculture economy will remain healthy in 2014 The company sees global light vehicle builds are expected to rise nearly 4%. The company also expects U.S. housing starts up nearly 20%. DuPont expects global GDP will be up 3%, Industrial Production up nearly 4%, and energy prices will be stable in 2014. Sees FY14 base tax rate approximately 22%. Sees FY14 CapEx $1.9B. Comments taken from slides for Q4 earnings conference call.
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Carlyle hires firms for Axalta IPO, Reuters says Carlyle Group (CG) gave Citigroup (C) and Goldman Sachs (GS) leading positions in the possible IPO of Axalta Coating Systems just eighteen months after it acquired the firm from DuPont (DD) for $4.9B, according to Reuters, citing people familiar with the matter. One of the sources said that the IPO could bring in nearly $1B. Reference Link