Fixed cost reduction and productivity actions benefited second quarter pre-tax earnings by about $335 million, bringing year-to-date cost reduction to about $600 million — more than halfway toward achieving the full year goal of $1 billion.
Today DuPont announced solid second quarter 2009 results.
DuPont reaffirmed its 2009 earnings outlook range of $1.70 to $2.10 per share, excluding significant items.
Quebecor World Inc. has signed a multiyear agreement with Schofield Media Group to continue printing 18 business-to-business magazines.
Plastipak Holdings, Inc. announced today that it intends to offer, subject to market and other conditions, $150 million principal amount of its senior notes due 2019 in a private offering.
Cox Enterprises, Inc. announced today it has reached a definitive agreement to sell three of its North Carolina newspapers – The Daily Reflector (Greenville), Rocky Mount Telegram and The Daily Advance (Elizabeth City) – and ten weekly newspapers in eastern North Carolina to Cooke Communications, LLC, a privately-held family company headed by John Kent Cooke. The transaction is expected to close in the upcoming weeks.
Meech International, a world leader in the supply of electrostatic control systems for industrial processes, marked its recent success in winning The Queens Award for Enterprise: International Trade 2009 with a celebration at its Witney, Oxfordshire headquarters on July 15.
