Volume 87 Issue 17 | p. 7 | News of The Week
Issue Date: April 27, 2009

Chemical Earnings Continue To Slide

Companies cut to the bone to counter shrinking demand
Department: Business

FIRST-QUARTER 2009 chemical earnings are shaping up to be at least as bad as they were in the fourth quarter of 2008. But the industry was prepared this time. It continued to lower investor expectations and cut costs as it sank into the trough of the recession.

At DuPont, cost-cutting helped the firm earn $489 million for the quarter, compared with a staggering loss of $249 million in the fourth quarter of . . .

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