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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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September 23, 2014
08:02 EDTDOWDow Chemical management to meet with Deutsche Bank
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07:30 EDTDOWUBS to hold a conference
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September 18, 2014
08:01 EDTDOWDow AgroSciences announces R&D agreement with Lilly's Elanco
Two Indiana agricultural companies, Elanco, the animal health division of Eli Lilly and Company (LLY), and Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company (DOW), are announcing a strategic research and development agreement that will focus on developing integrated solutions to enable livestock producers to increase meat and milk production to meet the demands of the growing global population.
07:01 EDTDOWDow says USDA allows commercialization of Enlist corn, soybean
Representing a significant milestone toward the commercialization of Dow’s Enlist corn and soybean traits in the United States, the U.S. Department of Agriculture yesterday issued its deregulation decisions after concluding one of the most thorough reviews of a biotech trait in history. With yesterday’s USDA action, the company now awaits EPA registration of Enlist Duo herbicide, the companion herbicide to the Enlist traits. Approval for Enlist Duo is expected in the near future, and commercial intentions for the technology in 2015 will be provided after the EPA has issued its decision on Enlist Duo herbicide.
06:54 EDTDOWUSDA approves plants able to withstand Dow Chemical pesticide, NY Times says
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September 17, 2014
10:33 EDTDOWDow Chemical on path to have more than $10B in EBITDA in near term
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September 10, 2014
19:18 EDTDOWDow Chemical loses appeal to receive $1B in tax deductions, Reuters says
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