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Monday, December 2, 2013

Business Today: Dow Chemical to exit century-old chlorine business

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12/2/2013
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Dow Chemical to exit century-old chlorine business
(Reuters) - Dow Chemical Co said it would sell a bulk of its chlorine operations - its oldest business - as part of its plan to sell or spin off commodity chemicals assets worth up to $4 billion.
Wall Street ends lower as mining companies slump
NEW YORK (Reuters) - U.S. stocks closed lower on Monday, with investors unable to find new reasons to keep pushing shares higher after eight straight weeks of gains, while the mining sector slid alongside sharp drops in precious metals prices.
Thyssen asks for cash after costly foray into Americas
FRANKFURT (Reuters) - ThyssenKrupp announced plans late on Monday to sell 51.5 million new shares in a capital increase as it seeks to shore up funds depleted by a downturn in the global steel market and an ill-advised foray into the Americas.
Twitter stock gets mixed reviews from IPO underwriters
SAN FRANCISCO (Reuters) - Twitter Inc shares slipped on Monday after some of the five lead underwriters of its initial public offering said the social media firm may not achieve Facebook-like scale and its stock may not rise much higher.
Fed does not object to new Goldman, JPMorgan capital plans
WASHINGTON (Reuters) - The Federal Reserve said on Monday it did not object to new capital plans by Goldman Sachs and JPMorgan Chase, after regulators said the initial versions showed weaknesses in the banks' capital planning processes.
U.S. Supreme Court declines to hear online retailers tax case
WASHINGTON (Reuters) - Amazon.com Inc and other online retailers with no physical presence in New York State must go on collecting sales tax after the U.S. Supreme Court on Monday declined to hear a legal challenge to the law that requires it.
3D printer boom lures new wave of Japan entrepreneurs
TOKYO (Reuters) - Junichiro Asami gave up a stable job to join a group of Japanese entrepreneurs building businesses based on 3D printing, showing the sort of pioneering spirit Prime Minister Shinzo Abe hopes can revitalize a calcified economy.
Factory activity gauge rises to two and a half year high
WASHINGTON (Reuters) - A gauge of U.S. factory activity hit a 2-1/2-year high in November and construction spending increased solidly in October, brightening the economic outlook as the year winds down.
Barrick set to unveil board changes, name new COO: sources
TORONTO/BEIJING (Reuters) - Barrick Gold Corp , the world's largest gold producer, is poised to announce a board shuffle and name a new chief operating officer, according to several sources familiar with the situation.
'Cyber Monday' sales set to hit record: analysts
NEW YORK (Reuters) - U.S. online sales are expected to hit $2 billion on "Cyber Monday," for the first time since the data firm comScore has been tracking such information.
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