Chemical companies still struggling, but Dow’s painful cuts begin to pay offDENVER — Dow Chemical Co. posted a second-quarter loss Thursday on charges related to the buyout of a smaller rival and dismal sales, yet the company turned an unexpected profit excluding one-time charges. Shares rose more than 7 percent. Stocks rise sharply as corporate profits beat expectations; Unemployment falls unexpectedlyNEW YORK — Upbeat corporate earnings are giving stocks another burst of energy. Stocks rise sharply following strong overseas gains, latest unemployment reportNEW YORK — Stocks surged in morning trading Thursday as investors welcome better-than-expected earnings and new data on unemployment. Dow Chemical shareholders narrowly approve say on executive pay at annual meetingNEW YORK — Dow Chemical shareholders narrowly approved a proposal Thursday to have nonbinding say on executive compensation. Factory orders tumble larger-than-expected 0.9 percent in March with shipments also downWASHINGTON — Orders to U.S. factories fell a larger-than-expected 0.9 percent in March, while factory shipments dropped for a record eighth consecutive month. The report was further evidence of the severity of the recession. Wall Street set for another gain after drop in jobless claims, decline in personal spendingNEW YORK — Stocks are set for another gain Thursday as more data suggest the economy is starting to stabilize. Dow Chemical profits tumble 97 percent but still beats Wall Street expectationsMIDLAND, Mich. — Dow Chemicals says its first-quarter profit tumbled 97 percent because of falling sales, job cuts, and the acquisition of specialty chemicals company Rohm & Haas. US stocks slump over bleak corporate outlookNEW YORK - US stocks fell, as a volatile year for the markets draws to a close, amid concerns over bleak corporate news and tensions in the Middle East and South Asia. |
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