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Stock Market & Financial Investment News

News Breaks
January 29, 2014
12:04 EDTDOW, ALB, DDChemical makers Dow, Albemarle rise after reporting results
Shares of two chemical makers, Dow Chemical (DOW) and Albemarle (ALB), are advancing after both companies reported stronger than expected results. DOW RESULTS: Dow Chemical reported its fourth quarter profits and revenue that both exceeded analysts' consensus estimates. The company stated that its volume had risen 2% last quarter versus the same period a year earlier, with volumes increasing in most of its operating segments and geographic areas. Overall demand was healthy last quarter and, as a result, Dow Chemical saw its margins on hydrocarbons increase, the company stated. The chemicals maker reported that the sales of all of its units except Feedstocks and Energy rose last quarter. Dow Chemical expects its earnings before interest, taxes, depreciation and amortization, or EBITDA, to rise to $10 billion in the near-term, up from $8.4 billion on an adjusted basis in 2013. Dow also increased its quarterly dividend by 15% to 37c per share and expanded its authorized share buy-back program to $4.5B from $1.5B. ALBEMARLE RESULTS: Similarly, Albemarle last night reported fourth quarter profits and revenue that surpassed analysts' consensus estimates. Moreover, the company's fiscal 2014 revenue guidance also exceeded analysts' consensus outlook. Albermarle stated that it had benefited from strong growth in its refinery catalyst and clean fuels technologies businesses. The company expects the profits from its catalyst business to increase by double digit percentage levels in 2014, and it expects its earnings from its clean fuels technologies to also rise. PRICE ACTION: In late morning trading, Dow Chemical climbed 3.7% to $44.67, while Albemarle advanced 2.3% to $64.65. Another chemicals maker, Du Pont, (DD) rose 2.85% to $61.27. Du Pont reported stronger than expected results yesterday morning and announced its own $5B share repurchase program.
News For DOW;ALB;DD From The Last 14 Days
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August 29, 2014
05:14 EDTALBAlbemarle, ICL to form polymeric flame retardant manufacturing JV
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August 28, 2014
08:03 EDTDOWDow Microbial Control enters into commercial agreement with Xgenex
Dow Microbial Control, a business unit of The Dow Chemical Company, has entered into a commercial agreement with food safety innovation company Xgenex LLC, for the U.S. sales of Dow Advanced Oxidation System Certified Whole Room Sanitization for food processing and packaging environments.
06:24 EDTDDDuPont to pay $1.28 to resolve toxic gas leak allegations
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August 27, 2014
12:44 EDTDOWDow Chemical looking to sell Angus Chemical, AgroFresh units, Reuters reports
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12:39 EDTDOWDow Chemical looking to sell Angus Chemical, AgroFresh units, Reuters reports
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07:15 EDTDOWDow Chemical management to meet with Deutsche Bank
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August 26, 2014
12:51 EDTDOWStocks with increasing options volume
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09:25 EDTDDFarm Progress Companies to hold a show
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August 21, 2014
12:12 EDTDDDuPont files patent infringement lawsuit against SunEdison
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