Thursday, December 26

Tag: Chemicals

Bayer CEO Says Breakup Wouldn’t Fix All of the Company’s Ills
25Nov By adminNo Comments
World

Bayer CEO Says Breakup Wouldn’t Fix All of the Company’s Ills

BERLIN—Bayer Chief Executive Bill Anderson said the company would bounce back quickly from a recent spate of bad news, and warned that a breakup of the pharmaceutical and agricultural company was no universal cure for its ailments.A stream of negative news has rekindled calls from investors for Bayer to unlock value by spinning off its units into separate businesses. But in an interview with The Wall Street Journal this week, Anderson said the company couldn’t be distracted from the tough restructuring to fix the businesses.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Bayer Told to Pay $1.56 Billion After Losing Roundup Case
18Nov By adminNo Comments
World

Bayer Told to Pay $1.56 Billion After Losing Roundup Case

Bayer faces a payout of $1.56 billion after a Missouri jury found in favor of three people who blamed its popular Roundup weedkiller for causing their cancers.The ruling is the fourth in a row to go against Bayer during a roller-coaster five-year legal battle over Roundup, the world’s most popular weedkiller, that included nine straight victories for the company, as well as earlier losses. The cases represent tens of thousands of claims from farmers and gardeners.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SpaceX Blasts Off Massive Rocket Again, Following Explosive First Flight
18Nov By adminNo Comments
World

SpaceX Blasts Off Massive Rocket Again, Following Explosive First Flight

Elon Musk’s SpaceX launched its Starship rocket early Saturday, aiming for a longer test flight after the company’s previous attempt ended in an explosion. The towering rocket took off from the company’s spaceport east of Brownsville, Texas, on what is intended to be a roughly 90-minute operation. Shortly after the launch, the Starship spacecraft separated from a huge booster and began to ascend on its own, according to a company livestream. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Basic Materials Roundup: Market Talk
16Nov By adminNo Comments
World

Basic Materials Roundup: Market Talk

Updated Nov. 16, 2023 12:39 pm ETThe latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0546 ET – BASF has a long road ahead and large portions of its energy-intense production footprint in Europe face structural challenges to earnings, Jefferies analysts say in a research note. BASF will likely continue to operate at suboptimal utilization rates in Europe, where it faces lower demand, competition from lower-cost Chinese imports and high energy prices, Jefferies says. A problem, the analysts say, is that “any material improvement in end market demand is likely to be met with an increase in European gas prices – which would further pressure its cost position.” More plant closures are likely across the continent, Jeff...
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Solvay, Syensqo Set Financial Targets Ahead of Planned Split
13Nov By adminNo Comments
World

Solvay, Syensqo Set Financial Targets Ahead of Planned Split

Solvay and Syensqo outlined new financial targets ahead of their planned separation.EssentialCo, which will retain the Solvay name, said it is targeting for annual average organic underlying earnings before interest taxes depreciation and amortization growth at a mid-single digit percentage range.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stocks End October With Gains, Post Monthly Losses
1Nov By adminNo Comments
Money

Stocks End October With Gains, Post Monthly Losses

A busy day for corporate earnings reports ended with major stock indexes higher, though not enough to prevent them from a third-straight monthly decline. The S&P 500 climbed 0.6% on Tuesday, to end October 2.2% lower. Every industry segment in the benchmark index rose, with real-estate companies, banks and utilities leading the way. Arista Networks paced the index, gaining 14% after the networking equipment company beat quarterly sales and profit expectations.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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IFF to Sell Cosmetics Ingredients Unit to Clariant for $810 Million
30Oct By adminNo Comments
World

IFF to Sell Cosmetics Ingredients Unit to Clariant for $810 Million

Updated Oct. 30, 2023 2:02 am ETSwiss chemicals company Clariant AG will buy a cosmetic ingredients unit of International Flavors & Fragrances Inc. for $810 million.New York-based IFF said Monday that it would use proceeds from the deal to reduce debt, consistent with previously announced plans to strengthen its capital structure.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stocks Sink After Being Yanked by Powell Comments
20Oct By adminNo Comments
Money

Stocks Sink After Being Yanked by Powell Comments

Stocks ultimately sank Thursday after being whipsawed by remarks from Federal Reserve Chair Jerome Powell.Powell’s comments jostled markets as investors were weighing bond yields’ ascent toward 5%, the continuing conflict between Israel and Hamas, and the influx of corporate earnings results from the third quarter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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