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Home » Topics » News

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GM Lays Off 160 White-Collar Workers (3/24/09)

March 24, 2009
According to this AP article, General Motors began the process of reducing its white-collar workforce by laying off 160 employees - mostly engineers - on Tuesday.
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Industrial Copolymers Rebrands as Incorez (3/24/09)

March 24, 2009
Industrial Copolymers, a Lancashire, UK-based manufacturer of high-performance resins and polymers for the coatings, adhesives and sealants industries, has announced it will trade under the name Incorez effective April 1, 2009.
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Suncor Energy and Petro-Canada Merge (3/23/09)

March 23, 2009
Suncor Energy Inc. and Petro-Canada have announced an agreement to merge the two companies.
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House Passes Bill Taxing AIG Bonuses (3/19/09)

March 19, 2009
The House has passed a bill levying a heavy tax on bonuses paid to employees at companies that have received at least $5 billion in government bailout money.
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USPS Postpones Stamp Series Until 2010 (3/18/09)

March 18, 2009
Citing ever-increasing losses, the U.S. Postal Service has postponed the release of the fourth set of stamps in its “Flags of Our Nation” series until 2010.
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Eastman to Reduce Costs by $100 Million (3/10/09)

March 10, 2009
Eastman Chemical Co. has announced plans to reduce costs by more than $100 million in response to the ongoing global economic recession.
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Dow Reaches Agreement to Close Rohm and Haas Acquisition (3/10/09)

March 10, 2009
The Dow Chemical Co. announced today that it has reached agreements with Rohm and Haas and certain of its shareholders that permit Dow to close the acquisition of Rohm and Haas on substantially altered financial terms by April 1, 2009.
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DOW TO RAISE PRICES OF OXYGENATED SOLVENTS PRODUCTS (3/3/09)

March 3, 2009
The Dow Chemical Co., Midland, MI, has announced that it will raise Oxygenated Solvents prices in North America by 4 to 5 cents per pound effective April 1, 2009. The
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HENKEL ANNOUNCES INCREASED SALES AND EARNINGS (3/2/09)

March 2, 2009
Henkel recently announced the following sales increases and earnings: Strong sales growth of 8.1% to €14.1 billion Organic sales growth of 3.0% Adjusted operating profit*: +9.1% to €1.495 million Adjusted
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CLARIANT AND XL PERFORMANCE CHEMICALS ANNOUNCE STRATEGIC ALLIANCE (2/16/09)

February 16, 2009
Clariant’s Functional Chemicals Division and Dalton, GA-based XL Performance Chemicals have embarked on a strategic alliance to provide the $2.3 billion worldwide foam-control market with products for a diverse array
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