Although the Canadian company started to make money again much sooner than many observers had expected, much of that profitability can be traced to its cost-cutting initiatives.
Dow Chemical is shedding the bulk of its chlorine business. That should result in cleaner shareholder returns. On Friday, Dow announced a $5 billion deal with Olin to spin the segment into a joint venture.
NEW YORK (TheStreet) -- Stocks inched higher on Friday afternoon, recovering from an earlier drop, ahead of Federal Reserve Chair Janet Yellen's monetary policy speech.
(Bloomberg) -- Following is the transcript from the University of Michigan Post Consumer Sentiment call with Dr. Richard Curtain, University of Michigan.
U.S. oil rigs fell by the smallest number in 15 weeks, a potential sign that America's oil-drilling crash may be tapering. Drillers idled 12 oil rigs (excluding gas rigs), dropping the number to 813, Baker Hughes reported on Friday.