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DuPont shares surge after profit nearly triples

 From reuters.com
NEW YORK (Reuters) - DuPont <DD.N> on Tuesday said its second-quarter profit nearly tripled due to a surge in sales and volume across all six of its business segments, sending its shares up 3.3 percent in premarket trading.The results from the third-largest chemical maker in the United States offer a positive outlook on the global economic recovery, and come as Wall Street is looking for a ray of sunshine after an unusually glum past few weeks.The Wilmington, Delaware-based company, known as E.I...Read Full Story

DuPont profit nearly triples on strong sales

 From reuters.com
NEW YORK (Reuters) - DuPont <DD.N> said on Tuesday that its second-quarter profit nearly tripled due to double-digit sales across all five of its business segments.The third-largest chemical maker in the United States said net income rose to $1.17 billion, or $1.26 per share, from $417 million, or 41 cents per share, a year earlier.Excluding one-time items, the company posted a profit of $1.17 per share.Analysts expected earnings of 93 cents per share, according to Thomson Reuters I/B/E/S. If was...Read Full Story

DuPont says paint secrets stolen, sold to China

 From reuters.com
NEW YORK (Reuters) - Chemicals giant DuPont <DD.N> sued a California company on Wednesday, alleging it sold proprietary information on a lucrative line of specialty paint to Chinese rivals.USA Performance Technology Inc somehow obtained secret materials on how DuPont produces titanium dioxide, a popular pigment used to make paints for cars, plastics and paper, DuPont said in a filing with the U.S. District Court, Northern District of California.In the suit, DuPont said the defendants were "in the...Read Full Story

Du Pont De Nemours - DD

By daiwa on  From just-charts.blogspot.com
At least one Dow component have it now, DD. It is only in hourly chart degree, not daily one.Alcoa is potentially building. Bank of American have it allready and finally - keep on eye General Eletric.If these patterns come to be placed, I think this market is placing W4 for it. It is reasonable interesting because for instance JP Morgan is travelling with fifth wave started by contracting triangle with daily charts as do many other´s financial stocks also. If they do place now the same...Read Full Story

DuPont spent over $1.2M lobbying government in 3Q

 From ap.org
DuPont spent more than $1.2 million in the third quarter to lobby on biotechnology, energy efficiency and other issues, according to a recent disclosure report.DuPont, officially known as E.I. du Pont de Nemours & Co., also lobbied on patent reform, taxes, chemical plant security and climate change legislation during the July-September period.Besides Congress, Wilmington, Del.-based DuPont lobbied the White House, the departments of State, Commerce and Defense, and other federal agencies...Read Full Story

M T Bank

By susan166 on  From usspost.com
M T Bank, Wilmington Trust Corp., Bank of Delaware, founded by du Pont family and undermined by souring loans, agreed to be sold to M & T Bank Corp. and 351 million shares, or about half its market value last week . The agreement is “the best option for our shareholders and our customers and employees,” according to a Business Wire has to Wilmington, which has its headquarters in Delaware the same name. Investors will have 0,051 share of Buffalo, M & T for each share of Wilmington they have...Read Full Story

M T Bank

By Ateeq Ur Rehman on  From theusnews.us
M T Bank M T Bank, Wilmington Trust Corp., Bank of Delaware, founded by du Pont family and undermined by souring loans, agreed to be sold to M & T Bank Corp. and 351 million shares, or about half its market value last week . The agreement is “the best option for our shareholders and our customers and employees,” according to a Business Wire has to Wilmington, which has its headquarters in Delaware the same name. Investors will have 0,051 share of Buffalo, M & T for each share of Wilmington...Read Full Story

DuPont close to buying Danisco for over $5 billion: report

 From reuters.com
NEW YORK (Reuters) - Chemicals maker DuPont is close to a deal to buy Danish food ingredients and enzymes company Danisco for more than $5 billion, the Wall Street Journal reported on Sunday.A deal could be announced as early as Monday, the paper said.Buying Danisco, which has a market valuation of about $4.4 billion, would accelerate Wilmington, Delaware-based DuPont's growth into the fast-growing food sector.It would also enable Dupont to enter a niche in the chemical industry - food...Read Full Story

DuPont close to deal for Danisco: report

 From reuters.com
NEW YORK (Reuters) - Chemicals maker DuPont <DD.N> is close to a deal to buy Danish food ingredients and enzymes company Danisco <DCO.CO> for more than $5 billion, the Wall Street Journal reported on Sunday.A deal could be announced as early as Monday, the paper said.Buying Danisco, which has a market valuation of about $4.4 billion, would accelerate Wilmington, Delaware-based DuPont's growth into the fast-growing food sector.It would also enable Dupont to enter a niche in the chemical industry - food...Read Full Story

Imprisoned heir to du Pont chemical fortune dies

 From ap.org
John du Pont, the chemical fortune heir who killed an Olympic gold medal-winning wrestler at his palatial estate near Philadelphia, died Thursday after being found unresponsive in his prison cell. He was 72.Du Pont was found just before 7 a.m. at the Laurel Highlands state prison near Somerset, state prisons spokeswoman Susan McNaughton said. He was pronounced dead a short time later at Somerset Community Hospital."He had had some illnesses so we are considering it natural," said McNaughton...Read Full Story
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