News Topic - Europe
Articles 91 - 100 of most recent articles
Dow Chemical posts lower profit, higher sales
WASHINGTON (MarketWatch) -- Dow Chemical Co. reported second-quarter net income of $762 million, or 81 cents a share, down from $1.04 billion, or $1.07 a share, earned in the same period during 2007. Quarterly sales generated by the Midland, Mich.-based chemicals giant rose to $16.38 billion from the prior year's $13.27 billion, with 5% volume growth -- the company's best since 2004 -- paced by Europe and other areas outside North America. Based on estimates compiled by FactSet Research, analysts had been looking for earnings of 85 cents a share, on average, in the latest quarter. The company incurred another $1 billion in costs compared to the first quarter but compensated for this with fast implementation of price increases. Double-digit sales growth was seen across Dow's five main businesses -- performance plastics, basic plastics, performance chemicals, basic chemicals and agricultural sciences. Chairman and CEO Andrew Liveris cited "new uncertainties in demand around the world. We believe the U.S. economy will continue to weaken for the rest of 2008, and that the outlook for the global economy will remain uncertain. Despite this, our results have demonstrated that our strategy for diversification on a global and end-use market basis has allowed us to manage through these challenging times." Dow recently announced an agreement to acquire Rohm & Haas to broaden its presence in specialty chemicals and advanced materials.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 24, 2008 10:51 AM [GMT] ¦ comment?
found in Business: Markets
WASHINGTON (MarketWatch) -- Dow Chemical Co. reported second-quarter net income of $762 million, or 81 cents a share, down from $1.04 billion, or $1.07 a share, earned in the same period during 2007. Quarterly sales generated by the Midland, Mich.-based chemicals giant rose to $16.38 billion from the prior year's $13.27 billion, with 5% volume growth -- the company's best since 2004 -- paced by Europe and other areas outside North America. Based on estimates compiled by FactSet Research, analysts had been looking for earnings of 85 cents a share, on average, in the latest quarter. The company incurred another $1 billion in costs compared to the first quarter but compensated for this with fast implementation of price increases. Double-digit sales growth was seen across Dow's five main businesses -- performance plastics, basic plastics, performance chemicals, basic chemicals and agricultural sciences. Chairman and CEO Andrew Liveris cited "new uncertainties in demand around the world. We believe the U.S. economy will continue to weaken for the rest of 2008, and that the outlook for the global economy will remain uncertain. Despite this, our results have demonstrated that our strategy for diversification on a global and end-use market basis has allowed us to manage through these challenging times." Dow recently announced an agreement to acquire Rohm & Haas to broaden its presence in specialty chemicals and advanced materials.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 24, 2008 10:51 AM [GMT] ¦ comment?
found in Business: Markets
United boss Ferguson hails Ferdinand as the best defender in Europe
Manchester United manager Sir Alex Ferguson has lauded Rio Ferdinand as the best defender in Europe. The star is widely tipped to become a future United and England captain.
The Daily Mail – Jul 24, 2008 10:36 AM [GMT] ¦ comment?
found in Sports: Soccer
Manchester United manager Sir Alex Ferguson has lauded Rio Ferdinand as the best defender in Europe. The star is widely tipped to become a future United and England captain.
The Daily Mail – Jul 24, 2008 10:36 AM [GMT] ¦ comment?
found in Sports: Soccer
Obama Moves From Mideast To Europe
Barack Obama is in Germany, where he will meet German leader Angela Merkel. The likely Democratic presidential nominee will also give the only public speech of his weeklong foreign tour, at a Berlin park. On Friday, he'll visit France. Steve Inskeep talks to journalists Stefan Kornelius in Germany and Jean Lesieur in France about Obama's expected reception in Europe.
NPR.org – Jul 24, 2008 10:00 AM [GMT] ¦ comment?
found in Politics
Barack Obama is in Germany, where he will meet German leader Angela Merkel. The likely Democratic presidential nominee will also give the only public speech of his weeklong foreign tour, at a Berlin park. On Friday, he'll visit France. Steve Inskeep talks to journalists Stefan Kornelius in Germany and Jean Lesieur in France about Obama's expected reception in Europe.
NPR.org – Jul 24, 2008 10:00 AM [GMT] ¦ comment?
found in Politics
Saharan sun could power European supergrid
Vast farms of solar panels in the Sahara desert could provide clean electricity for the whole of Europe, according to EU scientists working on a plan to pool the region's renewable energy
The Guardian – Jul 24, 2008 09:59 AM [GMT] ¦ comment?
found in Technology: Science
Vast farms of solar panels in the Sahara desert could provide clean electricity for the whole of Europe, according to EU scientists working on a plan to pool the region's renewable energy
The Guardian – Jul 24, 2008 09:59 AM [GMT] ¦ comment?
found in Technology: Science
Obama in Europe in effort to burnish foreign cache
BERLIN (AP) -- Democratic presidential hopeful Barack Obama landed in Berlin Thursday, kicking off the European leg of his overseas trip amid high expectations....
AP – Jul 24, 2008 09:36 AM [GMT] ¦ comment?
found in Politics
BERLIN (AP) -- Democratic presidential hopeful Barack Obama landed in Berlin Thursday, kicking off the European leg of his overseas trip amid high expectations....
AP – Jul 24, 2008 09:36 AM [GMT] ¦ comment?
found in Politics
Fergie: Rio is Europe's best
LATEST: ALEX FERGUSON hails Rio Ferdinand as Europe's greatest defender
The Sun – Jul 24, 2008 09:20 AM [GMT] ¦ comment?
found in Sports
LATEST: ALEX FERGUSON hails Rio Ferdinand as Europe's greatest defender
The Sun – Jul 24, 2008 09:20 AM [GMT] ¦ comment?
found in Sports
Resource stocks lead Europe lower
European equity indices fell on Thursday as mining and energy heavyweights dipped as investors took the opportunity to take profits amid falling commodity prices
Financial Times – Jul 24, 2008 09:03 AM [GMT] ¦ comment?
found in Business: Markets
European equity indices fell on Thursday as mining and energy heavyweights dipped as investors took the opportunity to take profits amid falling commodity prices
Financial Times – Jul 24, 2008 09:03 AM [GMT] ¦ comment?
found in Business: Markets
ACE Strengthens Underwriting and Development Team in Midlands
LONDON--(BUSINESS WIRE)--ACE Europe (ACE) (NYSE:ACE), has announced the appointment of two senior management positions in its Birmingham office to drive the growth of its operation in the
Business Wire – Jul 24, 2008 09:00 AM [GMT] ¦ comment?
found in Business
LONDON--(BUSINESS WIRE)--ACE Europe (ACE) (NYSE:ACE), has announced the appointment of two senior management positions in its Birmingham office to drive the growth of its operation in the
Business Wire – Jul 24, 2008 09:00 AM [GMT] ¦ comment?
found in Business
Are We There Yet? comScore M:Metrics Reports Mobile Map Use Grows 82 Percent in United States, 49 Percent in Europe
Read full story for latest details.
PR Newswire – Jul 24, 2008 08:36 AM [GMT] ¦ comment?
found in Top Stories: Press Releases
Read full story for latest details.
PR Newswire – Jul 24, 2008 08:36 AM [GMT] ¦ comment?
found in Top Stories: Press Releases
Ferguson: Ferdinand best defender in Europe
Manchester United manager Sir Alex Ferguson has lauded Rio Ferdinand as arguably the best defender in Europe.
ESPN – Jul 24, 2008 08:20 AM [GMT] ¦ comment?
found in Sports: Soccer
Manchester United manager Sir Alex Ferguson has lauded Rio Ferdinand as arguably the best defender in Europe.
ESPN – Jul 24, 2008 08:20 AM [GMT] ¦ comment?
found in Sports: Soccer