Deal will allow Dow to expand in the high-margin specialty chemicals market and move away from the commodities chemical market.
Exports plunged 21.7 percent to $11.9 billion in February, the steepest annual fall in at least 16 years, while imports shrank 23.3 percent to $16.8 billion.
Inflation in the 16 nations that use the euro hit a record low, growing just 0.6 percent from a year ago as oil prices slumped, the EU statistics agency said.
One official received jail time and 12 others were either sacked or given administrative punishments after a chemical company heavily polluted a river with arsenic.
German chemical company said that because order levels remain weak it will further reduce production, which so far has been slashed by over 25 percent.
Despite a 5 percent overall decline, the Environmental Protection Agency says more mercury, dioxin and polychlorinated biphenyls entered the environment.
Specialty chemicals and its U.S. operations have filed voluntary petitions for Chapter 11 after a recent drop in order volumes led to a sharp decline in its liquidity and cash flow.
Outspoken comments came a day after oil ministers of OPEC’s 12-nation crude producers' club decided to maintain current production levels.
Substantial output cut could cause prices to spike and increase OPEC revenues, but it could also prolong economic woes in the U.S. and other major oil consumers.
Global demand for oil is projected at 84.4 million barrels per day in 2009, down 1.5 percent from the previous year, the International Energy Agency said Friday.
Paints and coatings maker said it will slash 2,500 jobs and close more facilities as part of a new cost-cutting effort designed to save an additional $140 million a year.
German chemicals giant is selling off several units to win European Union antitrust approval to buy Swiss rival Ciba Holding, the European Commission said Thursday.
Senior Kuwaiti official says OPEC decision to cutback production 'is expected to be endorsed unanimously due to what is happening with prices.'
Chemical giant has agreed to complete its disputed $15 billion buyout of Rohm & Haas, but the combined company will shed thousands of additional jobs and freeze salaries this year.
Chemical manufacturer said plans to reduce labor and payroll costs include cutting between 200 and 300 employees and reducing base pay for U.S. employees by 5 percent.
Iraq's oil minister says crude oil prices are not 'profitable and fair' for oil producing countries and should be increased.
Whether Rohm & Haas is worth its price tag is up for debate, but few question that it has built itself into an elite company in an industry dominated by chemical giants.
Seven government officials in China have been punished after an industrial chemical leak contaminated an eastern city's tap water supply, the local government said.
City in eastern China that had its tap water contaminated by an industrial chemical leak will shut down more than 30 chemical plants, state media reported.
Abu Dhabi National Oil Company to cut as much as 17 percent of its output, the Emirates' news agency said, on top of previously announced reductions of 10-15 percent.
German chemicals company lost $400 million for the October-December period, and posted a $3.7 billion loss for all of 2008.
Oil prices tumbled below $40 a barrel Monday even though OPEC appears to have slashed more than 4 million barrels of crude from production each day.
In explaining the need for potential cutbacks, Iraq’s oil minister said that current prices don’t provide ‘sufficient incentives’ for investors to put money into new projects.
Obama administration has reversed years of U.S. policy by calling for a treaty to cut mercury pollution, which it described as the world's gravest chemical problem.