Diversified Chemicals

DuPont (NYSE: DD) today filed a lawsuit against USA Performance Technology, Inc. (USA PTI), Performance Group (USA) Inc. and two individuals for allegedly misappropriating trade secrets and proprietary information related to the DuPont Titanium Technologies business. The suit was filed in U.S....

Shares of Olin Corporation (NYSE: OLN) are higher on the session by 4.88%, trading at $24.29. Overall call volume is now running at 2.46x the daily average, with 60% of all calls traded being purchases on the offer. 1,269 contracts have traded on the session so far. Olin Corporation is a...

Bank of America has upgraded Olin Corporation (NYSE: OLN) from Underperform to Buy and has raised the price target from $22 to $31.

Shares of Huntsman Corporation (NYSE: HUN) are higher on the session by 1.90%, trading at $17.71. Overall put volume is now running at 2.57x the daily average, with 0% of all puts traded being purchases on the offer. 1,031 contracts have traded on the session so far. Huntsman Corporation is a...

Solutia Inc. (NYSE: SOA) announced today that it has sold its Santoweb® and Vocol® businesses to Rhein Chemie, a wholly-owned subsidiary of LANXESS AG, a German-based specialty chemicals company. Financial terms of the deal were not disclosed.

ShengdaTech, Inc. (Nasdaq: SDTH) announced that on March 31, 2011, it has submitted to the Listing Qualifications Department of The Nasdaq Stock Market its plan to regain compliance with the Nasdaq listing rules. As previously announced in the Company's press release dated March 15, 2011, the...

J.P. Morgan is reducing its F2Q:11E EPS from $0.78 to $0.67 (consensus is $0.82) and its F2011 EPS forecast from $3.80 to $3.40 on shares of Ashland Inc. (NYSE: ASH). Ashland closed Thursday at $57.76.

Citi is out with its report today on PPG Industries (NYSE: PPG), raising its PT from $90 to $100. In a note to clients, Citi writes, "We increase our target price to $100 due to a 1x increase in our forward P/E target multiple (to 15x) and a 0.5x increase in our target EV/EBITDA multiple (to 8x)....

Credit Suisse is raising its PT on shares of PPG Industries Inc. (NYSE: PPG) from $89 to $100. PPG Industries closed Wednesday at $95.93.

Citigroup has raised the price target on PPG Industries (NYSE: PPG) from $90 to $100 and maintains its Hold rating.

Woe is the EM central banker; as RBI's Dr. Subir Gokarn pointed out in Wednesday's FT, for instance, the delicate balance between “keep[ing] inflation in check by containing the potential spillovers from food and energy prices, while minimising deviations from a sustainable growth trend” has rarely...

Class action lawsuits were filed in the United States District Court for the Southern District of New York on behalf of purchasers of ShengdaTech, Inc. (NASDAQ: SDTH) securities from March 15, 2010, through March 15, 2011, inclusive. The complaints allege that ShengdaTech made materially false...

The New York Times DealBook is reporting that DuPont (NYSE: DD) is extending its offer for Danish company Danisco for the second time, as it really hopes to win shareholder approval for the company. DuPont had offered $6 billion for the food ingredients company. The Delaware-based company said it...

Shares of Family Dollar Stores Inc (NYSE: FDO) gained about 0.6% after the company reported its Q2 net income at $123.2 million, or $0.98 per share, up from $112.2 million, or $0.81 per share, in the year-earlier period. The company's sales increased 8% to $2.26 billion. However, analysts were...

PPG Industries (NYSE: PPG) today announced that it anticipates first quarter 2011 earnings will be in the range of $1.30 to $1.35 per diluted share. This compares with adjusted earnings of 69 cents per diluted share and 18 cents per diluted share in the first quarters of 2010 and 2009, respectively...