Nova Chemicals Corp. (NYSE: NCX) is the largest percentage winner on the NYSE today. It is up about 300%. Yep 300… The company is being acquired in a deal involving the Middle…
Douglas A. McIntyre In this horrible market, dividends have been one of the few saviors for investors. But the latest trend of big-name companies slashing their dividend is concerning. Sadly, this trend will likely grow.…
According to Reuters, Obama is working on a program to help some homeowners pay their mortgages. Reuters reports that Wall St’s appetite to slim down perks will begin to face tests. Reuters…
Dow Chemical Co. (NYSE: DOW) probably would have had a much better day if the market did not plunge at the end of the day. In university finance classes they teach you…
It has probably occurred to the management at Dow Chemical (DOW) that it can not win a suit brought by Rohm and Haas (ROH) to force Dow to complete its buyout. The early read on…
Douglas A. McIntyre According to Reuters, the White House is finishing a bank rescue package , that involves investment by private equity. Reuters reports that a poll of analysts cut Q2 earnings forecasts. Reuters reports…
Dow Chemical (DOW) continues to dodge the issue of why it will not close the transaction to buy Rohm and Haas. (ROH). Most analysts think that when a joint venture with Kuwait fell…
Douglas A. McIntyre Rohm and Haas (ROH) has now made it public that Dow Chemical (DOW) has a binding obligation to buy it, and that questions of whether the environment for chemical companies has gotten…
Douglas A. McIntyre S&P has reported that the dividends of companies in its S&P 500 index are being cut at the fastest rate in fifty years. A report by the Associated Press says that even…
Textron (TXT) Weak earnings outlook. Drops to $8.83 from 52-week high of $65.52. Eastman Kodak (EK) Poor earnings and layoffs. Down to $5.01 from 52-week high of $20.91. Black & Decker (BDK)…
According to Reuters, the confidence of CEOs at Davos is low as the recession and credit crisis deepen. Reuters reports that Yahoo! (YHOO) slightly beat earnings but posted a weak forecast. Reuters…
Dow Chemical (DOW) was supposed to buy Rohm & Haas (ROH). Now, it may be the other way around. Dow can’t close the deal and Rohm is suing to get it finished.…
Douglas A. McIntyre According to Reuters, American Express (AXP) earnings dropped 72% but still beat expectations. Reuters writes that Geithner was confirmed to be Treasury Secretary. Reuters reports that people lost confidence in business globally…
Rohm & Haas Co. (NYSE: ROH) is probably upsetting some who chased the move on Friday who were hoping its buyout might actually close. But this morning the company announced that it…
Douglas A. McIntyre It would be hard to miss the headline that Alcoa (AA) fired 15,000 people yesterday. The actions of big companies are probably a much better indicator for what is ahead for the…