Edlain Rodriguez News
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Mosaic Co., the largest U.S. fertilizer producer, fell the most in more than a month after saying it may further reduce potash output following delays to customer purchases of the crop nutrient.
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Huntsman Corp., the biggest maker of textile dyes, climbed the most in more than two months as demand for chemicals used in insulation and composite wood helped boost third-quarter earnings past analysts’ expectations.
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Eastman Chemical Co., the biggest U.S. producer of chemicals from coal, rose the most in more than three years after surpassing analysts’ third-quarter profit estimates and lifting its 2012 forecast.
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China, the world’s largest potash consumer, is more likely to pay a higher price for imports of the fertilizer after grain prices soared because of a drought in the U.S., according to Mosaic Co.
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Potash Corp. of Saskatchewan Inc., the world’s largest producer of its namesake crop nutrient, forecast full-year and second-quarter profit that lagged analysts’ estimates as potash prices fell.
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BHP Billiton Ltd. may take its $39 billion bid for Potash Corp. of Saskatchewan Inc. directly to shareholders this week after having its unsolicited offer rejected, said two people with direct knowledge of the matter.
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Mosaic Co. , North America’s second- largest fertilizer producer, reported fiscal first-quarter profit that trailed analysts’ estimates as potash prices declined.
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Potash Corp. of Saskatchewan Inc. , the world’s largest fertilizer company, dropped the most in four months in New York on speculation the Canadian government will block BHP Billiton Ltd. ’s $40 billion hostile takeover offer.
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Potash Corp. of Saskatchewan Inc. Chief Executive Officer Bill Doyle urged patience for investors expecting an alternative to BHP Billiton Ltd.’s $40 billion bid, two months after starting talks with potential suitors.
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Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer producer by market value, forecast first-quarter profit that trailed analysts’ estimates as distributors delayed purchases.
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