Wednesday, April 7, 2010 as of 11:14 AM ET
("Air Products 2Q Net Falls 2.
7% On Lower-Than-Expected Volumes," at 6:48 a.m. EDT, misstated the timing and number of expected job cuts in the third paragraph. The correct version follows:)DOW JONES NEWSWIRESAir Products & Chemicals Inc.'s (APD) fiscal second-quarter earnings fell 2.7% as the industrial gas company saw lower-than-expected volumes in its core businesses, despite improved pricing.Chief Executive John McGlade said business activity didn't pick up as much as expected."With Europe in recession, we have taken actions to improve our business portfolio and cost positions," he added. The company said it planned to cut around 600 jobs, contributing to a cost reduction charge of $86.8 million for the quarter.For the year, the company lowered its guidance, seeing $5.47 to $5.60 a share, down from its January outlook of $5.90 to $6.30 a share. McGlade said business activity was slower than expected going into the second half of the year, reducing both sales and earnings growth. Bu...NEW YORK, (Reuters) - Air Products and Chemicals Inc said it has signed a consent degree with the U.S. Federal Trade Commission that would let it acquire Airgas Inc,...
Air Products & Chemicals (APD) unveiled a $7 billion unsolicited takeover bid Friday morning for Airgas (ARG) that would place a hefty premium on Airgas and create t...
Air Products & Chemicals Inc. on Tuesday reported net profit for the second quarter ended March 31 fell slightly as it said business activity was lower than expected...
Shares of Air Products’ (NYSE:APD) edged lower on Friday after the company revealed a tepid outlook for the current period while posting quarterly results that hit e...
Airgas Inc. (ARG) Wednesday maintained it is worth markedly higher than the $70-a-share "best and final" offer from hostile rival Air Products & Chemicals Inc. (APD)...
* Air Products takes aim at Airgas anti-takeover defenses (Recasts with testimony from Air Products CEO, adds details throughout)By Tom HalsGEORGETOWN, Del., (Reuter...
By Ernest ScheyderDREXEL HILL, Pennsylvania (Reuters) - Airgas Incsuffered a blow to its efforts to stave off a takeover by rivalindustrial gases producer Air Produc...
Air Products (NYSE:APD) over the weekend boosted its hostile takeover bid of rival Airgas (NYSE:ARG) to $5.5 billion.Airgas said it is reviewing the revised $65.50-a...
(Updates stocks, adds context)By Ernest ScheyderNEW YORK, (Reuters) - Industrial gas producer Air Products and Chemicals Inc said Monday it signed a consent degree w...
