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Stock Market & Financial Investment News

News Breaks
April 28, 2014
08:57 EDTGLW, DOWCorning sees Q2 LCD glass market up mid single digits sequentially
Sees FY effective tax rate 20%. Sees FY Display volume growth in line with worldwide market growth, sees worldwide share remaining stable vs. last year. Sees pricing for Gorilla Glass returning to moderate declines in Q2. Says has seen stabilization in polysilicon market. Says on track to reach $1.5B in CapEx for FY14. Says hedged all expected foreign currency translation exposure for 2013 and 2014 in February 2013, says has taken actions to protect company from potential adverse translation. Says no changes in expectations for overall LCD retail and glass markets for FY14; sees retail market up in the mid to high single digits. Believes ultra high definition TV sets has opportunity to be a major demand driver in the future, sees about 10M of these TV sets shipped in 2014. Sees Q2 LCD glass market up mid single digits sequentially, sees glass volume up high single digits sequentially. Sees LCD glass price declines in Q2 significantly less than Q1. Sees Q2 Optical Communications sales up mid to high single digits vs. last year. Sees Q2 Environmental sales up in the low to mid teens y/y. Sees Specialty Materials sales up 20%-25% in Q2 vs. Q1. Sees Gorilla Glass consumption up 24% this year. Sees Q2 Life Sciences sales consistent with last year. Sees Hemlock sales up 20% over 2013. Sees Q2 equity earnings from Dow Corning approximately $40M. Sees polysilicon sales picking up until Q4. Sees Q2 gross margin 46%. Comments made on the Q1 earnings conference call.
News For GLW;DOW From The Last 14 Days
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March 18, 2015
07:56 EDTDOWDow Chemical management to meet with Deutsche Bank
Field trip to company headquarters in to be held in Midland, MI on March 18 hosted by Deutsche Bank.
March 16, 2015
11:58 EDTDOWDuPont retreats after Bank of America two notch downgrade to sell
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March 13, 2015
10:01 EDTDOWDow Chemical unit signs long-term agreement with wind farm
As a part of Dow’s Energy Plan and its Sustainability Goals, The Dow Chemical Company has taken another step towards reducing its own carbon “footprint.” Marking milestone progress, Dow’s Energy business has signed a long-term agreement with a new wind farm, currently under development in South Texas by a subsidiary of Bordas Wind Energy, LLC, a joint venture between MAP and Enerverse, LLC. The wind farm, to be complete in 1Q16, will span nearly 35,000 acres, and will supply Dow’s Freeport Texas Manufacturing facility with 200 MW of wind power annually, equivalent to the amount of electricity needed to power more than 55,000 homes. Dow is on track to meet its 2025 renewable energy goal as part of its Sustainability Goal commitments.

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