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MIDLAND, Mich. (WNEM) - Dow Inc. announced it is cutting 1,500 jobs globally in an effort to cut costs. The company made the announcement on Thursday, Jan. 30.
Q4 2024 Management View CEO Jim Fitterling highlighted a 2% year-over-year decline in net sales to $10.4 billion, citing pricing pressures across all segments. Operating EBITDA was flat at $1.2 ...
Officials with Midland-based chemical company Dow have announced plans to reduce the company’s global workforce by about 1,500, or about 4%, but the local impact is unknown.
Dow Inc.’s fourth-quarter profits came in well below Wall Street expectations and the material sciences company said Thursday that it is slashing 1,500 jobs globally in an effort to cut costs as sales ...
The S&P 500 Index ($SPX) (SPY) today is up +0.24%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.33%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.17%. March E-mini S&P futures (ESH25) are ...
The chemicals and materials science giant came up short on both the top and bottom lines amid declines in its largest segment.
U.S. stocks opened higher on Thursday, with the Dow shrugging off its premarket losses as investors reacted to the latest batch of corporate earnings and U.S. economic reports. Investors digested the ...
Dow said on Thursday it will lay off 1,500 employees as part of its $1 billion cost savings plan due to lackluster demand and margin pressures, causing its shares to drop 6.3% in morning trade.
Stock futures are mixed Thursday morning as investors react to a barrage of earnings reports from major companies and important economic indicators.
That helps underscore UBS analyst Joseph Spak's belief that investors don't really view Tesla (TSLA) as a carmaker any more. "We can almost definitively say the market doesn't treat TSLA like an auto ...
The job cuts and cost reduction will be "very targeted at lower margin regions," Dow CFO Jeff Tate said. When asked if that included high-cost operations in Europe, Tate replied "that's a fair ...