The company's fourth-quarter loss narrowed to $53 million, or 8 cents a share, from a loss of $105 million, or 15 cents a share, while operating earnings, an adjusted figure, came to zero a share.
Dow said on Thursday it will lay off 1,500 employees as part of its $1 billion cost savings plan due to lackluster demand and margin pressures, causing its shares to drop 6.3% in morning trade.
Stocks perked up slightly but were still trading lower as Federal Reserve Chair Jerome Powell began speaking on Wednesday. The Dow Jones Industrial Average was down 209 points, or 0.5%. The S&P 500 ...
Dow Inc.’s fourth-quarter profits came in well below Wall Street expectations and the material sciences company said Thursday that it is slashing 1,500 jobs globally in an effort to cut costs as sales ...