August 29, 1990 |
A tennis player volleying in the heat of the day probably won't know--or even care--if his Nike tennis shirt is made of Coolmax, a moisture-repelling fabric. But when he notices how dry he stays during the game, he might go back and buy another shirt. Coolmax, developed by Du Pont, is just one of many new "performance" fibers being used to manufacture state-of-the-art activewear. These technologically advanced fabrics take a marketing cue from today's specialized athletic shoe business.
February 3, 1999 |
DuPont Co., the largest chemical firm in the U.S., can face new fraud lawsuits that accuse the company of tricking growers into accepting lower settlements for damage caused by a fungicide the firm made, a federal appeals court ruled Tuesday. The U.S. 9th Circuit Court of Appeals in San Francisco held that growers in Hawaii, California and other states can use allegations that DuPont hid evidence that the fungicide Benlate was contaminated with weed killer.
May 12, 1998 |
DuPont Co., the nation's biggest chemical company, said Monday it plans to divest its Conoco Inc. oil unit and will start by selling a 20% stake. Wilmington, Del.-based DuPont said the sale will free it to bolster its chemical and life-science businesses, such as biotechnology, agricultural products and pharmaceuticals, which are more profitable and growing faster than the oil business. Analysts said the sale could fetch as much as $3 billion, valuing Conoco at a minimum of $15 billion.
May 24, 2001 |
DuPont Co., the No. 1 U.S. chemicals producer, warned that demand in some of its key markets, including Europe, has weakened in the second quarter. The disclosure by the company's chief operating officer, Richard Goodmanson, helped to drive DuPont's shares down $1.92, or 4%, to close at $47.39, on the New York Stock Exchange. "For the first time in this downturn, demand in Europe has softened," DuPont said.
February 12, 2002 |
DuPont Co. could spin off its $6.5-billion textiles and interiors business as part of a broad corporate restructuring announced Monday. After years of trying to position itself as a science company, DuPont's latest plan calls for it to reorganize into five specialized businesses and create a textiles and interiors unit that later could be sold through an initial public offering.
September 29, 1998 |
DuPont Co. will accelerate its exit from the oil business by selling as much as 25% of its Conoco unit to the public by year-end and offering shareholders a tax-free stock swap that will free DuPont of the rest of the oil company. The initial public offering is expected to be among the largest ever, bringing in an estimated $3.6 billion. After the IPO, DuPont, the largest U.S.
October 30, 1998 |
DuPont Co. said it will buy the Herberts coatings unit of Germany's Hoechst for $1.89 billion in cash in a deal that would make it the world's largest automotive paints supplier. The deal comes less than two weeks after the collapse of Hoechst's planned $1.85-billion sale of the unit to buyout firm Kohlberg Kravis Roberts & Co.
April 8, 1998 |
DuPont Co. said it will reorganize its chemicals business to focus on agricultural, biotechnology and pharmaceutical products, leading to speculation that it may sell or spin off its Conoco energy unit. Investors have called for the company, which makes everything from Teflon nonstick coatings to Stainmaster carpet fibers, to concentrate on fewer businesses. Charles Holliday, who became chief executive of the nation's largest chemicals company on Feb.
August 26, 1997 |
Computer Sciences Corp. plans to hire as many as 450 employees in three years to work on a $4.4-billion DuPont Co. contract, a Computer Sciences spokeswoman said. Computer Sciences also said it plans to construct a building in Christiana, Del., to house employees working on the DuPont contract. Currently, 1,050 Computer Sciences workers are involved in the 10-year contract, 250 of them at a Newark, Del., site purchased from DuPont.
August 17, 1998 |
U.S. chemicals giant DuPont Co. on Sunday declined to comment on a British newspaper report that it was negotiating the sale of its Conoco energy unit to Elf Aquitaine, France's largest oil company, for $24 billion. London's Financial Mail quoted unidentified sources saying that Elf was one of several companies to look at Conoco, the sixth-largest U.S. oil company.