Potash Corp. of Saskatchewan Inc.’s decision to cut 18 percent of its workforce and reduce capacity probably foreshadows similar actions by North American rivals amid a price war in the $20 billion global potash market.
DuPont Co.’s Pioneer seed unit said in 2005 it would make herbicide-tolerant soybeans and corn within five years to challenge the dominance of seeds with Monsanto Co.’s widely licensed Roundup Ready trait.
North American fertilizer production projects totaling $22 billion may be at risk of delay amid increased scrutiny from regulators and communities after last week’s explosion at a Texas plant killed 14 people.
Airgas Inc. , trying to fend off a $5.5 billion hostile bid from Air Products & Chemicals Inc. , lost a bid to invalidate a new bylaw that shortens the date for the company’s annual meeting, paving the way for a takeover.
A former paralegal told Florida investigators that workers at a law firm that processed foreclosures signed paperwork without reading it, misdated records and skirted rules protecting homeowners in the military.
DuPont Co., the biggest U.S. chemical maker by market value, posted third-quarter profit that beat analysts’ estimates on higher sales volumes at units that make materials for solar panels and bullet-resistant vests.
Israel Chemicals Ltd. headed for the highest close in more than a month after potash companies worldwide rose on speculation the leading bidder for OAO Uralkali, the world’s biggest producer of the fertilizer, will stabilize the market.