International Business News - SOA http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Solutia Inc. said Friday it is restructuring its nylon business unit to cut costs by as much as 10 percent, citing a significant decline in demand for nylon chemicals in recent weeks. http://www.ibtimes.com/articles/20081121/solutia-to-cut-costs-in-nylon-unit-amid-slowdown.htm Fri, 21 Nov 2008 14:52:39 EST A sharp drop in demand for nylon has forced the layoff of more than 300 workers, or about one-third of the work force, at Solutia Inc.'s Greenwood, S.C., plant. http://www.ibtimes.com/articles/20081118/greenwood-sc-textile-plant-lays-off-300.htm Tue, 18 Nov 2008 13:12:16 EST Among the earnings projection stories for Monday, Oct. 20, from AP Financial News: MIDLAND, Texas (AP)--Basic Energy Services Inc., an oil and gas well site services provider, on Monday forecast third-quarter earnings and revenue above Wall Street estimates. http://www.ibtimes.com/articles/20081020/outlook-roundup-basic-energy-syneron-medical.htm Mon, 20 Oct 2008 14:15:58 EDT Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20081020/nrg-energy-halliburton-mattel-are-big-movers.htm Mon, 20 Oct 2008 16:39:58 EDT Solutia Inc. on Monday said it expects to report third-quarter revenue of about $1.1 billion, including continuing operations and revenue from a unit that the company plans to get rid of. http://www.ibtimes.com/articles/20081020/solutia-sees-3rd-quarter-revenue-of-about-1-1b.htm Mon, 20 Oct 2008 10:44:29 EDT Chemical maker Solutia Inc. said Wednesday it is still assessing the financial and physical impact Hurricane Ike had on its nylon chemical plant in Alvin, Texas. http://www.ibtimes.com/articles/20080917/solutia-assessing-damage-of-hurricane-ike.htm Wed, 17 Sep 2008 12:30:08 EDT Chemical maker Solutia Inc. said Thursday that it priced an offering of about 10.7 million shares at $14 apiece, for net proceeds of $145 million. Solutia plans to use the proceeds to repay the remaining $128 million balance on a credit facility and for general corporate purposes. http://www.ibtimes.com/articles/20080821/solutia-prices-stock-offering-of-10-7m-shares.htm Thu, 21 Aug 2008 10:07:10 EDT Chemical maker Solutia Inc. said Wednesday it will raise prices as much as 25 percent on its Therminol heat transfer fluid products to offset rising energy and raw material costs. http://www.ibtimes.com/articles/20080723/solutia-to-boost-prices-for-heat-transfer-fluids.htm Wed, 23 Jul 2008 13:29:34 EDT Chemical maker Solutia Inc. said Friday that it is raising the price of its Skydrol aviation hydraulic fluids by up to 30 percent, citing the rising costs of energy and raw materials. http://www.ibtimes.com/articles/20080711/solutia-to-raise-skydrol-aviation-fluid-prices.htm Fri, 11 Jul 2008 18:14:56 EDT More than 30 companies in the materials and processing sector were added to the Russell 2000 in this year's reconstitution of the small stock index, while 21 companies in the sector were removed from the index. http://www.ibtimes.com/articles/20080630/russell-2000-adds-34-materials-processing-stocks.htm Mon, 30 Jun 2008 15:43:37 EDT Chemical maker Solutia Inc. said Monday it hired HSBC Securities Inc. to explore strategic alternatives for its nylon business, including a possible sale. http://www.ibtimes.com/articles/20080630/solutia-mulls-sale-of-nylon-business.htm Mon, 30 Jun 2008 11:53:16 EDT Chemicals maker Solutia Inc. said Wednesday it sold a 260,000-square-foot office building in Town and Country, Mo. to Bluerock Real Estate LLC for $42.8 million. http://www.ibtimes.com/articles/20080625/solutia-sells-office-building-for-42-8-million.htm Wed, 25 Jun 2008 12:13:39 EDT Solutia Inc., which makes synthetic fluids, said Tuesday it expects to record pretax charges of between $45 million and $60 million over the next four years as a result of the planned closure of rubber chemicals operations at a Wales facility. http://www.ibtimes.com/articles/20080527/solutia-to-record-charges-up-to-60m-over-4-years.htm Tue, 27 May 2008 17:22:28 EDT Solutia Inc., which makes synthetic fluids, said Wednesday that its Flexsys subsidiary plans to shut down a facility in Wales, blaming increasing competition from Asia. http://www.ibtimes.com/articles/20080521/solutia-to-shut-down-welsh-facility.htm Wed, 21 May 2008 13:05:54 EDT