Issue Date: April 27, 2009
Chemical Earnings Continue To Slide
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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