U.S. chemical companies, including DuPont and Dow Chemical, are expected to experience steep declines in profits and revenues for the third quarter, even as the demand for chemical products slowly rises. Rating agency Standard & Poor's said quarter-to-quarter volume of major chemical producers is improving as a result of spending cuts and cheaper raw materials. DuPont's third-quarter revenue is expected to drop to $6.16 billion from $7.30 billion a year ago, while Dow's could fall to $11.87 billion from last year's $15.41 billion.

Full Story:

Related Summaries