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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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    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  2. Troy: We Need a Market-Driven Health-Care System

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  3. Nike tells U.S. Supreme Court: Enough, Already

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  4. Romney Makes Last-Minute Pitch to Voters

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    FNC legal analyst Lis Wiehl and FNC senior medical contributor Dr. Marc Siegel on the impact of the health-care law on insurance and doctors.

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    Judge Andrew Napolitano on how Congress is attempting to find a way to strike down Obamacare, even after the law was largely upheld by the Supreme Court.

  12. Ready to be Insured?

    By the most convoluted methods -- and narrowest of margins -- the U.S. Supreme Court approved the Patient Protection and Affordable Care Act (ACA), which the preside...

  1. In Shell win, ruling limits jurisdiction in foreign rights cases

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  2. Supreme Court Hears Landmark Case on Gay Marriage

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  3. Top Court Limits SEC Authority to Seek Penalties

    The U.S. Supreme Court on Wednesday limited the authority of the federal government's top securities regulator to seek civil penalties over conduct that occurred mor...

  4. U.S. Supreme Court Hears Case on Foreign-Tax Credits

    The Supreme Court on Wednesday appeared split on Wednesday whether utilities that paid a windfall tax in the United Kingdom can claim a foreign-tax credit on their U...

  5. Supreme Court Voices Skepticism of Challenge to Monsanto Patent Rights

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