Dow blames economic weakness for lower third quarter results
NEW YORK (September 21, 2001) – The Dow Chemical Company has blamed overall economic weakness for its inability to meet its earnings estimates for the third quarter, according to an article on CNNfn.com.
CNNfn also revealed that Dow said the increased demand it received in September would not be enough to secure its estimated results. Dow’s stock fell 96 cents to $29.58 on Thursday. The Dow Chemical Company plans to publish its third quarter results on October 25, 2001.
Red Meteor adds customer indications functionality to exchange platform HOUSTON (June 11, 2001) – RedMeteor (redmeteor.com), a provider of Internet and voice brokerage services for physical crude oil and wholesale refined products, is to offer its customers the ability to provide price indications as well as firm bids and offers via its exchange. Emerson Process Management Expands Its `Early Warning' Capabilities For Plant DiagnosticsAUSTIN, Texas--June 11, 2001-- Alliance With Nexus Engineering Makes Emerson Exclusive Automation Supplier of Nexus Oz(tm) Decision Support Software DuPont implements collaborative commerce applicationHOUSTON (June 12, 2001) – DuPont Cyrel (www.dupont.com/cyrel), a division of E.I. du Pont de Nemours and a leading manufacturers of flexographic printing systems, has implemented a collaborative commerce and planning application using software from EC Outlook. Solvay confirms Elemica transactionsBRUSSELS (June 12, 2001) -- Solvay (www.solvay.com) has announced the completion of contract business using enterprise resource resource planning (ERP) connections on Elemica (www.elemica.com), an online hub for the contract buying and selling of chemicals. ChemConnect partners with China Chemical City on the InternetSAN FRANCISCO, California (July 2, 2001) – ChemConnect (chemconnect.com), a provider of end-to-end e-commerce solutions for buyers and sellers of chemicals and plastics, has partnered with China Chemical City on the Internet (CCCOI), a Chinese online exchange, to establish ChemConnect China. Eastman Expects Lower Second-Quarter EarningsKINGSPORT, Tenn.-- July 2, 2001--Eastman Chemical Company announced today that it anticipates earnings for second quarter 2001 will be lower than the estimate given in its April 26, 2001, first-quarter earnings release and its Form 10-Q filing but higher than first-quarter earnings of $0.48 per diluted share. Based on preliminary information, Eastman expects that second-quarter earnings per share will be in the range of $0.53 to $0.57 before certain nonrecurring charges. Applied Extrusion Technologies, Inc. Completes Acquisition of Assets of QPF, LLCBOSTON--July 2, 2001--Applied Extrusion Technologies, Inc. (Nasdaq: AETC) today announced that it has completed its acquisition of certain assets of QPF, LLC, the oriented polypropylene (OPP) films business of Hood Companies. Assets acquired include the machinery and equipment, intellectual property, intangibles and inventory of the business. Global Economic Slowdown Affects DuPont Second Quarter EarningsWILMINGTON, Del, July 02, 2001 — DuPont said today that it estimates earnings per share for the second quarter, before one-time items, to be between $.35 and $.45. Earnings in the second quarter of 2000, before one-time items, were $.90 per share. Hello? Hello? Is anybody home?When you spend all of your time with those who love e-business and understand its potential, as I do, it’s easy to conclude that people are really starting to figure this stuff out. H.B. Fuller Announces Regular Quarterly DividendST. PAUL, Minn.--July 2, 2001--H.B. Fuller Company announced that the board of directors voted to approve the regular quarterly dividend of $0.215 per share of common stock and $0.0833 per share on all preferred stock. The dividend is payable August 10, 2001 to shareholders of record July 20, 2001. WD-40 Company Reports Third Quarter SalesSAN DIEGO--July 2, 2001--WD-40 Company Monday reported net sales for the third quarter ended May 31, 2001 of $42.7 million compared to sales of $38.3 million in the same period last year, an increase of 11%. METTLER TOLEDO Announces Appointment of Philip H. Geier, Jr. to Its Board of DirectorsGREIFENSEE, Switzerland & COLUMBUS, Ohio--July 2, 2001--Mettler-Toledo International Inc. announced today that Philip H. Geier, Jr. has been appointed to its Board of Directors. Akzo Nobel Transfers Organon Teknika's Diagnostics Business to bioMerieuxARNHEM, the Netherlands--July 3, 2001--Akzo Nobel, the international pharmaceuticals, coatings and chemicals group, has transferred Organon Teknika's in vitro diagnostics business to bioMerieux. In certain countries, however, the transfer will only come into force as soon as merger-control clearance has been obtained. bioMerieux will pay Akzo Nobel EUR 311 million for the diagnostics business on a cash and debt-free basis. As per July 1, the diagnostics activities will be consolidated into bioMerieux. webMethods provides support for Chem eStandardsFAIRFAX, Virginia (July 3, 2001) – webMethods (webmethods.com) a provider of integration software, has provided full support for the Chem eStandards through its integration platform. The webMethods platform is designed to meet the challenges of enterprise and supply chain integration within the chemical industry. Fitch Affirms UOP LLC's Commercial Paper RatingCHICAGO--July 3, 2001--Fitch has affirmed its 'F2' rating of UOP LLC's (UOP) commercial paper program. UOP continues to generate positive free cash flows through a cyclical low, supported by strong market positions in the license of oil refining and petrochemical process technology. The Rating Outlook is Stable. Airgas Announces First Quarter Earnings Release ScheduleRADNOR, Pa. --July 3, 2001--Airgas, Inc. (NYSE:ARG) will release its first quarter earnings at approximately 4:30 p.m. EDT on Tuesday, July 24, 2001 and will host a teleconference at 8:30 a.m. EDT on Wednesday, July 25, 2001. The presentation materials will be available on the Slide Presentations page of the Investor Info section of the corporate website, www.airgas.com, by 5 p.m. on July 24. A webcast of the teleconference will be available live and on demand through August 31 on the Conference Calls and Webcasts section of the website. Honeywell's Chairman And CEO Michael R. Bonsignore To Retire Following 31 Years Of ServiceMORRIS TOWNSHIP, N.J. --July 3, 2001--Honeywell's Board Of Directors Names Lawrence A. Bossidy Chairman And Chief Executive Officer IFS Signs Contract with World's Leading Supplier of White PigmentsCHICAGO--July 3, 2001-- Imerys North American Pigments and Additives Group chooses IFS Applications(TM) software as the core business system for its process manufacturing facilities. Microbar Expands Sales Team Nationwide; Joe Eide and Jim Kershaw Appointed As Western and Central Regional Sales Managers, Further Strengthening The Microbar Sales TeamSUNNYVALE, Calif.--June 13, 2001--Microbar, the leading independent supplier of chemical management systems to the global semiconductor industry, today announced the appointment of Joe Eide and Jim Kershaw as Western and Central regional sales managers. Mr. Eide and Mr. Kershaw will report to Hulon Robertson, vice president of sales. Solvay expands capacity for caprolactone polymersSOLVAY Caprolactones has started a multi-stage expansion at its Warrington, UK site which will more than double its capacity for caprolactone polymers over the next three years. The expansion builds on SOLVAY’s 1998 expansion in caprolactone monomer and polymers, and will meet the rapid growth in customer demand for caprolactone products in footwear, orthopedics, automotive, aerospace, and other industries.
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