Dow Corning Revenue, Net Income FallDow Corning Corp. Wednesday announced revenue of $2.69 billion and net income of $149 million for the first half of 2013, both down from a year earlier.
Dow Sales, Earnings RiseDow Chemical Co. eported revenue of $14.58 billion for the second quarter ended June 30, up from $14.51 billion a year earier. Due to a massive one-time payment, net income skyrocketed to $2.44 billion or $1.87 a share, up from $740 million or 55 cents a share a year earlier.
Dow Gets $2.2B Cash From Kuwait SettlementDow Chemical Co. (NYSE: DOW) said Tuesday that it has completed final resolution of the K-Dow arbitration with Petrochemical Industries Co. of Kuwait (PIC).
Dow Corning Sales, Profits DropDow Corning Corp. Wednesday reported adjusted net income of $66.4 million in the first quarter, down 6 percent from a year earlier. Sales were $1.26 billion, down 17 percent from a year earlier.
New Name, Leader For Cellulosic Addative BusinessDow Chemical Co. Monday announced that Marc van Gerwen has been named Global Business Director for Dow Pharma & Food Solutions. This business has been formerly known as Dow Wolff Cellulosics.
Dow Declares Quarterly Dividend Of 32 Cents Per ShareThe Dow Chemical Co. Thursday declared a dividend of 32 cents per share, payable Dec. 31 to shareholders of record on Dec. 24.
Federal Battery Labs Coming For Holland, Ann ArborNew battery research laboratories will be built in Holland and Ann Arbor under a $120 million federal Enegy Department grant that will create the Joint Center for Energy Storage Research at Argonne National Laboratory near Chicago.
Dow To Shut 20 Factories, Slash 5 Percent Of Global Workforce, As Profits, Sales FallThe Dow Chemical Co. will eliminate about 2,400 jobs and close roughly 20 manufacturing plants as part of a restructuring aimed at coping with slowing economic growth in Europe and elsewhere. Dow Tuesday reported sharply lower sales and profits for the third quarter ended Sept. 30, blaming slowdowns in Europe and China.

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