Diversified Chemicals

FMC Corporation (NYSE: FMC) announced today its Agricultural Products Group has entered into a joint venture agreement to form a new Argentine agrochemical distribution company named Ruralco Soluciones SA. FMC's partners in Ruralco are well-established agrochemical dealers previously associated...

J.P. Morgan has published a report on Dow Chemical (NYSE: DOW) lowering the price target from $47.00 to $42.00. In the report, J.P. Morgan wrote, "Dow reported a respectable 2Q:11, sailing past the Scylla of raw material inflation with product prices 19% higher, and the Charybdis of demand risk,...

Kellogg Co (NYSE: K) reported a 14% rise in its second-quarter profit. Kellogg reported its quarterly profit at $343 million, or $0.94 per share, up from $302 million, or $0.79 per share, in the year-ago period. Its sales climbed 11% to $3.39 billion. However, analysts were expecting a profit of $0...

ETF provider Global X appears to be cranking up its golly-gee-whiz machine with an ETF filing that is right in the wheelhouse of a lot of my posts over the last couple of years. The filing consists of the following; Global X FTSE Toll Roads & Ports ETFGlobal X FTSE Railroads ETFGlobal X...

This is your Benzinga news summary and traders' outlook for Thursday, July 28, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading flat as traders wait for the decision on the debt ceiling and the weekly...

Pre-open movers US stock futures are slightly higher this morning, amid concerns over sovereign debt. Futures for the Dow Jones Industrial Average gained 14 points to 12,258.00 and S&P 500 index futures rose 2.70 points to 1,301.60. Nasdaq 100 futures climbed 6 points to 2,363.75. A Peek Into...

E.I. DuPont de Nemours & Co (NYSE: DD) reported a rise in its second-quarter net income and lifted its 2011 projections. DuPont's quarterly net income climbed to $1.22 billion, or $1.29 per share, from $1.16 billion, or $1.26 per share, in the year-ago quarter. The company's adjusted earnings...

JP Morgan has lowered the price target on Dow Chemical (NYSE: DOW) from $47 to $42 and maintains its Overweight rating.

Astrazeneca PLC (NYSE: AZN) is expected to report its Q2 EPS at $1.80 on revenue of $8.19 billion. Exxon Mobil Corporation (NYSE: XOM) is projected to report its Q2 EPS at $2.33 on revenue of $121.39 billion. Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report its Q2 EPS at $0.55 on...

The Dow Chemical Company (NYSE: DOW) announced today that it has signed a definitive agreement under which Dow's global Polypropylene business will be divested to Braskem (NYSE: BAK) for a total enterprise value to Dow of $340 million, comprised of $323 million cash purchase price plus other cash...

Braskem (NYSE: BAK) Brazil's largest chemical company, said in a regulatory filing on Wednesday that it would buy Dow Chemical's (NYSE: DOW) polypropylene business. The company will pay $323 million for the business, which is pending regulatory approval in the United States and Brazil.

Jefferies has published a report on Cabot Corporation (NYSE: CBT). In the report, Jefferies wrote, "Excluding $0.09 from restructuring but including a $0.06 discrete tax benefit, Q3 EPS of $1.04 was $0.16 above consensus and $0.23 above our estimate. Volumes remained solid (returned to 2008 levels...

FMC Corporation (NYSE: FMC) announced today the company has entered into a definitive agreement to acquire the European persulfates business of RheinPerChemie GmbH from Unionchimica SpA. The acquisition will strengthen FMC Peroxygens' global reach by establishing a market position for persulfates...

Boeing Co (NYSE: BA) reported a 20% rise in its second-quarter profit. Boeing's quarterly profit surged to $941 million, or $1.25 per share, from $787 million, or $1.06 per share, in the year-earlier period. Its revenue gained 6% y/y to $16.54 billion from $15.57 billion. However, analysts were...

Dow Chemical Co (NYSE: DOW) reported a 73% rise in its second-quarter profit. The company's quarterly net income surged to $982 million, or $0.84 per share, from $566 million, or $0.50 per share, in the year-ago period. Its revenue climbed 18% to $16.05 billion. However, analysts were expecting...