News for du Pont
Feb 25 · 3:47:00 PM · Source: Company Press Release
The Massachusetts Institute of Technology (MIT) Technology Review magazine has named DuPont to the 2010 TR50, the inaugural list of the 50 most innovative companies in the world. DuPont was recognized for its efforts to develop and commercialize biobutanol with partner BP.
Each company on Technology Review’s top 50 list was evaluated based on its business model, strategies for deploying and scaling up technologies, and the likelihood of success. The scope of each company spanned energy, computing, the Web, biomedicine and materials.
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by Michael Oliveto
Dec 29 · 1:32:00 PM · Source: Trading Markets
The West Virginia state Supreme Court has again delayed a ruling in DuPont's appeal of a $400 million verdict against the company for polluting the Harrison County town of Spelter.
A ruling now is not expected until the spring 2010 term, which starts in mid-January. Last year, Harrison County jurors ruled against DuPont in a lawsuit that argued the company illegally polluted the community of Spelter, north of Clarksburg, with lead, zinc, cadmium and arsenic from a zinc smelter. The award included a $55 million cleanup plan, a medical-monitoring program worth $130 million and $196 million in punitive damages.
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by Michael Oliveto
Nov 4 · 1:06:00 PM · Source: Reuters
DuPont announced that its Board of Directors has elected Chief Executive Officer Ellen Kullman, Chair effective December 31.
Charles O. Holliday, Jr. Chair, will retire from the Board after 11 years as its Chairman. Kullman became CEO effective January 1 after Holliday served as DuPont's CEO for 10 years.
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by Michael Oliveto
Oct 27 · 12:36:00 PM · Source: Reuuters
DuPont declared regular quarterly dividends of $1.12-1/2 per share on the $4.50 series preferred stock and 87-1/2 cents per share on the $3.50 series preferred stock, both payable January 10, 2010. DuPont today revised the record date for both preferred dividends from January 8, 2010 to January 4, 2010 for administrative reasons.
On October 21, DuPont also declared a Q4 common stock dividend of 41 cents per share, payable December 14, to stockholders of record November 13. There has been no change in the record date for the common stock dividend.
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by Michael Oliveto
Oct 22 · 12:14:00 PM · Source: Press Release
Du Pont announced Q3 earnings of $0.45 per share on net income of $409 million versus earnings of $0.40 per share on net income of $367 in the year ago period.
The prior year included a $146 million after-tax hurricane-related charge. Net income reflects the benefit of significantly lower costs, partly offset by lower sales volume.
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by Michael Oliveto
Oct 21 · 12:38:00 PM · Source: Reuters
DuPont announced that it has declared a Q4 common stock dividend of $0.41 per share, payable December 14, to stockholders of record November 13.
This dividend is the same as what was paid in Q3 2009. Regular quarterly dividends of $1.12-1/2 per share on the $4.50 series preferred stock and $0.87-1/2 per share on the $3.50 series preferred stock also were declared, both payable January 10, 2010 to stockholders of record January 8, 2010.
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by Michael Oliveto
Oct 20 · 11:21:00 AM · Source: CNBC
DuPont reported earnings for the quarter of $0.45 per share on net profits of $409 million versus $0.40 per share on profits of $367 million in the year ago period.
Revenue was down 18% from $7.29 billion to $5.96 billion versus analyst estimates of $6.14 billion. Revenue fell across all five of the company's segments, including its safety & protection unit, which makes the Kevlar vest.
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by Michael Oliveto
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