Albany-area chemical manufacturer cutting the pay of 400 workers by 25 percent and temporarily laying off 225 of them for periods ranging from two days to two weeks.
Chemical giant will cut 2,500 jobs and said it will not turn a profit in the fourth quarter as a severe slowdown in the automotive and construction markets eats away at chemical sales.
Head of OPEC says he hopes oil producing nations like Russia will join the organization, or at least agree to output cuts to help spark a rally in prices.
Connecticut startup said it expects to deliver a car engine oil this month that is made from animal fat, a slaughterhouse byproduct this is typically discarded.
Price drop comes two days after OPEC said it would not cut production of crude before its regularly scheduled meeting in three weeks.
Specialty materials company said its powder coatings business will discontinue its distribution relationship with ChemPoint in order to provide directly to customers.
Officials say a joint petrochemicals venture between Dow Chemical Co. and a Kuwaiti company will begin operations by Jan. 1.
Iranian state TV reports that OPEC's Secretary-General says a daily oil production cut of between 1 million and 1.5 million barrels is likely in December.
Russia's energy minister said the country may coordinate oil production cuts with OPEC to help stem the slide in crude oil prices, according to media reports.
Traces of the industrial chemical melamine have been detected in samples of top-selling U.S. infant formula, but federal regulators insist the products are safe.
Petroleum product manufacturer says it will expand its North Charleston plant, adding 160 jobs over the next several years.
Former researcher for Lubrizol has been sentenced in Cleveland to 19 months in prison for selling the chemical company's trade secrets to a competitor in South Korea.
Chemicals makers, corralled by fierce competition in the retail market and oil costs, may be forced to drop their prices amid the economic slowdown in order to stay competitive.
Chemical company BASF SE is cutting production at its complex in southeastern Louisiana, but the move will not cost any employees their jobs, a plant spokesman said.
Chemical company to temporarily close 80 plants worldwide due to slumping demand and cut production at 100 more, a move that will affect 20,000 workers.
Head of China's biggest offshore energy producer said he thinks oil prices are likely to return to the $70-$80 barrel range, though low prices could continue for some time.
Oil prices held steady Friday after OPEC announced it would meet this month to address crude prices that have fallen 60 percent in just four months.
Chemicals maker Ashland Inc. has completed its $2.6 billion buyout of paint thickener and paper chemicals manufacturer Hercules Inc.
Company announced management team and structure for new division that will be formed after its $15.3 billion acquisition of Rohm and Haas closes.
Companies in the chemical and fertilizer industry said Thursday they will lay off some 800 workers as their businesses feel the effects of the global economic crisis.
Chemical maker DuPont Co. says it has filed a lawsuit against Invista, claiming patent infringement and the misappropriation of trade secrets.
Delays in the development of new oil fields may spark a supply crunch and drive up oil prices above $200 per barrel, International Energy Agency's Executive Director warned.
Company said Wednesday it has begun forming its case against Deutsche Bank and Credit Suisse after the banks declined to fund its sale to Hexion Specialty Chemicals.
Oil prices hit a 20-month low Tuesday as Wall Street offered yet more evidence that consumers have gone into hiding.