Huntsman Corp., The Woodlands, TX, has announced a company-wide initiative to reduce costs across its divisions and functions. Including steps begun during the fourth quarter of 2008, the company will

Venture Tape Corp., a subsidiary of 3M, has announced the signing of a definitive agreement to acquire Compac Corp.’s pressure-sensitive adhesive (PSA) tape assets from Lamtec Corp. Terms of the

Boeing recently announced that employment at its Commercial Airplanes business unit is expected to decline by approximately 4,500 positions in 2009 as part of an effort to ensure competitiveness and

Huntsman Corp., The Woodlands, TX, announced it has received the $325 million termination fee provided for in the merger agreement between Huntsman and Hexion Specialty Chemicals Inc. Hexion committed to

Ciba has confirmed that it has received a request for additional information - commonly referred to as a “Second Request” - from the U.S. Federal Trade Commission (FTC) regarding BASF’s

Global specialty chemicals manufacturer Sartomer Co. has announced the restructuring of its Americas division, effective immediately. The restructure reflects the growth and independence of the European and Asian operations, which

Hexion Specialty Chemicals Inc. has announced that on December 13, 2008, Huntsman Corp. terminated the proposed merger between Huntsman and Hexion. On December 14, Hexion entered into a settlement agreement

The Dow Chemical Co. has announced a series of aggressive actions to accelerate its transformational strategy in light of current economic realities. Dow’s transformation to a lean Corporate Center, a

Purchasing managers survey shows overall economy in contraction for second straight month. For the full article, visit money.cnn.com/2008/12/01/news/economy/ISM_November/index.htm?postversion=2008120111.

BASF has announced it is taking measures to avoid the creation of overcapacities as a result of a massive decline in demand. The company is temporarily shutting down around 80