Saturday, 22 November 2014
Last updated 1 day ago
Feb 12 2014 | 11:11am ET
Dow Chemical has made it official: It will not spin-off its petrochemical business, as called for by Third Point's Daniel Loeb.
Dow didn't mention Third Point or Loeb, but said that a "review found that a break-up of the company in a significant manner (simplistically described as petrochemical and specialty chemical assets) created no productivity or capital allocation improvements, but rather negatively impacted Dow's value proposition which leverages scale, integration costs and technology benefits across multiple science-based, vertically-integrated value chains."
The rejection is not a surprise; Dow CEO Andrew Liveris was notably cool to the proposal last month and noted that he had the backing of Berkshire Hathaway chief Warren Buffett.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...