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Water treatment services company Nalco Holding Co. said it will continue to be hit by higher raw material prices in the first half of 2011.
Naperville, Illinois-based Nalco, which forecast weak earnings for 2011 on Tuesday, saw its shares fall 11 percent to $27.63 on Wednesday — their lowest in three months. Get the full story »
Water-treatment company Nalco Holding Co. on Wednesday said Kathryn Mikells would join the company as chief financial officer after United Airlines and Continental Airlines Inc. complete their planned merger. Get the full story »
Warren Buffett’s company has partially rebuilt the stake in Johnson & Johnson he reduced over the past two years to raise cash for other investments, and Berkshire Hathaway Inc. boosted its investment in Wal-Mart Stores Inc. during the second quarter. Berkshire detailed its $46.4 billion U.S. stock holdings Monday in a filing with the Securities and Exchange Commission.
The document revealed several changes in the Omaha-based company’s portfolio between March 31 and the end of June, including decreases in Berkshire’s holdings in Kraft Foods, ConocoPhillips, Procter & Gamble and M&T Bank. Berkshire also increased its stakes in Becton Dickinson & Co., Nalco Holding Co. and Sanofi Aventis. Get the full story »
Dow Jones Newswires | Shares of Nalco Holding Co. leapt Monday on the news that oil giant BP is planning
to use the company’s chemicals to help clean up the massive oil spill
in the Gulf of Mexico.
Nalco, which is based in Naperville, makes a dispersant chemical that will help break down the
oil. Its shares jumped 18 percent to $29.25, hitting its highest point since October 2007. Other companies with possible roles in the cleanup also climbed Monday,
including Clean Harbors Inc. BP said it will pay the costs to clean
up the spill.
