Daniel Smith News
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Lanxess AG, the chemical maker that joined Germany’s benchmark DAX index in September, forecast a larger-than-estimated drop in profit for the current quarter on weak demand in the tire and automotive industries.
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Lanxess AG, the chemical maker that joined Germany’s benchmark DAX index in September, said it will idle a factory in Belgium and another in the U.S. because of weak orders.
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Worlee-Chemie GmbH, a family-owned company that has produced resins in the city of Hamburg for almost a century, is trying to escape the spiraling cost of Germany’s shift to renewable energy.
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An experimental drug for depression being developed by Pfizer Inc. reduced signs of autism in mice in a study, a finding that may shed light on the cause of the disorder and jump-start research into ways to treat it.
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German stocks rose as European Central Bank President Mario Draghi said an economic recovery should begin later this year, and companies including Daimler AG and HeidelbergCement AG reported earnings.
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Lanxess AG climbed the most in six months in Frankfurt trading with speculation about a Dow Chemical Co. bid highlighting an enduring belief among some investors that the synthetic-rubber maker is a takeover target.
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Abnormalities in proteins that help connect neurons produced autism-like symptoms in mice, which may focus the search for drugs to treat people, researchers said.
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Gold futures may decline in New York on speculation economic growth will erode demand for the precious metal as an alternative asset.
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Allies of presidential candidate Newt Gingrich say they are trying to catch up with rival Mitt Romney in the television advertising war ahead of Florida’s Jan. 31 primary and amid early voting by thousands of Republicans.
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Republicans and Democrats in Florida are casting early mail ballots in similar numbers, wiping away an advantage that Republicans have typically held in the swing state and posing a potential setback for Mitt Romney, the party’s presidential candidate.
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