The Associated Press reports that a federal judge has approved General Motors’ plan to sell the bulk of its assets to a new company - a move that could help speed the automaker’s exit from bankruptcy protection.

The Business Review (Albany) reports that agents of New York’s Department of Environmental Conservation (DEC) and the U.S. Environmental Protection Agency (EPA) executed a search warrant at Momentive Performance Materials’ Waterford, NY, plant on June 30.

The Wall Street Journal reports that Omnova shares dropped as much as 14% last week despite a better-than-expected second-quarter profit report.

The Associated Press reports that H.B. Fuller’s profit and sales fell in the second quarter of 2009.

Asymtek, a Nordson company, has sold a Spectrum S-910N dispensing system to DancoTech, located in Ballerup, Denmark – their eleventh Asymtek unit and second Spectrum 900 series platform.

Celanese Corp., a leading global chemical company, recently announced it will rename its AT Plastics Inc. business Celanese EVA Performance Polymers Inc.

OMNOVA Solutions’ Specialty Chemicals business today announced a price increase of up to $0.10 per dry pound for all GenFlo^®, GenCeal^®, OMNABOND^TM, GenCryl^® and GenCal^® styrene butadiene-based emulsion polymers.

H.B. Fuller Co. has reported financial results for its second quarter, which ended May 30, 2009.

OMNOVA Solutions Inc. reported net income of  $5.1 million, or $0.12 per diluted share, for the second quarter, which ended May 31, 2009, compared to a net loss of $3.1 million, or $0.07 per diluted share, for the second quarter of 2008. 

Cook Composites and Polymers Co. (CCP) recently received the 2009 Presidential Green Chemistry Challenge Award for Designing Greener Chemicals.