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Ellen Kullman

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DuPont profit doubles as drought boosts farm sales

Chemicals maker DuPont's quarterly profit more than doubled as the worst dry spell in decades encouraged U.S. farmers to buy its drought-hardy seeds and crop-protection products to boost yields.Strong wheat, corn and soybean prices also spurred agricultural sales in the Americas, helping DuPont beat estimates for the quarter despite an ongoing decline in demand for its once-lucrative titanium dioxide paint pigment.The Wilmington, Delaware-based company's shares traded up 0.7 percent at $50.74 before the bell on Tuesday."The first quarter finished as expected, with the strong agriculture performance and performance chemicals' decline from peak levels last year," DuPont Chief Executive Ellen Kullman said in a statement.The 210-year-old company, known for its chemicals business, is focusing on food and agriculture products that are less exposed to ebbs and flows in titanium dioxide (Ti02) sales.The shift is evident in the $5 billion sale of its car paint unit last year and the $6 billion ...

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  1. DuPont Beats Views Despite 70% Dive in 4Q Net

    DuPont (NYSE:DD) disclosed a 70% plunge in fourth-quarter profits on Tuesday amid stalling revenue, but the chemical giant managed to surpass Wall Street's expectati...

  2. DuPont's Net Drops 70% on Flat Revenue, Higher Costs

    DuPont Co.'s (DD) fourth-quarter earnings sank 70% as the diversified U.S. manufacturer recorded flat sales, while higher costs translated into narrower margins.For ...

  3. "Fiscal cliff" means agita, not Armageddon, for U.S. CEOs

    The "fiscal cliff" is less than three weeks away, but most corporate executives are not strapping on their parachutes just yet.A cross-section of executives from com...

  4. DuPont curtails spending due to fiscal cliff

    Chemical maker DuPont will spend less on capital projects next year than initially planned due to uncertainty about the U.S. "fiscal cliff," Chief Executive Ellen Ku...

  5. DuPont curtails spending due to "fiscal cliff"

    Chemical maker DuPont will spend less on capital projects next year than initially planned due to uncertainty about the U.S. "fiscal cliff," Chief Executive Ellen Ku...

  6. Dupont Unveils $1 Billion Buyback Program

    DuPont Co. (DD) authorized a repurchase program for $1 billion of its shares as the diversified U.S. manufacturer looks to boost shareholder value.The program, expec...

  7. DuPont Unleashes $1B Buyback Plan

    In the face of the fiscal cliff and slow growth, chemical giant DuPont (NYSE:DD) unveiled a $1 billion share buyback program on Tuesday and issued a cautiously optim...

  8. DuPont cutting 1,500 jobs; slashes profit forecast

    DuPont slashed its earnings forecast, reported a lower-than-expected quarterly profit and announced 1,500 job cuts on Tuesday, signs that demand for the chemical com...

  9. DuPont's 3Q Results, '12 View Spook Markets

    DuPont (NYSE:DD) highlighted Wall Street's economic fears on Tuesday by disclosing a deeper-than-expected 98% plunge in third-quarter earnings, a tepid profit outloo...

  10. DuPont Net Sinks 98%; Unveils Restructuring, Layoffs

    DuPont Co.'s (DD) third-quarter earnings fell 98% as the diversified U.S. manufacturer saw its revenue fall and was hit by large, one-time charges.Shares fell 3.5% t...

  11. Carlyle Lands DuPont's Car Paint Unit for $4.9B

    Private-equity giant Carlyle Group (NYSE:CG) continued its torrent buyout pace on Thursday, scooping up DuPont's (NYSE:DD) car-paint business for $4.9 billion.The tr...

  12. DuPont Net Down 3.2%, Currency Headwinds Biting

    Consumer electronics and titanium dioxide markets seen improving-Agriculture seen delivering a third of sales and profits in 2012DuPont (DD) said currency headwinds ...

  1. DuPont profit beats estimates on demand for agriculture chemicals, seeds

    Chemicals maker DuPont's quarterly profit beat analysts' estimates as higher sales of its seeds and agriculture chemicals offset weak demand for the once-lucrative t...

  2. DuPont 1Q Profit Tops View, Sales Inline

    Chemicals maker DuPont's quarterly profit beat analysts' estimates as higher sales of its seeds and agriculture chemicals offset weak demand for the once-lucrative t...

  3. DuPont's Net Doubles on Discontinued Operations

    DuPont Co.'s (DD) first-quarter earnings more than doubled as the diversified U.S. manufacturer reported a larger profit from discontinued operations than in the yea...

  4. DuPont's 1st-Quarter Net More Than Doubles on Discontinued Operations

    DuPont Co.'s (DD) first-quarter earnings more than doubled as the diversified U.S. manufacturer reported a larger profit from discontinued operations than in the yea...

  5. Analysis: U.S. data, earnings suggest "fiscal cliff" fears overhyped

    Jon Najarian's no wimp. He's taken his shots more than once during three decades playing the U.S. stock and options markets and before that as a college football pla...

  6. Slumping pigment demand eats into DuPont's profit

    Weak demand for paint pigment and solar panel parts eroded DuPont's fourth-quarter profit, with Chief Executive Officer Ellen Kullman tempering expectations for thos...

  7. DuPont's 4th-Quarter Net Drops 70% on Flat Revenue, Higher Costs

    DuPont Co. (DD) said Tuesday that it expects earnings to rebound in the second half of 2013 after weak pigment and solar-panel markets left fourth-quarter profit dow...

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