DuPont Earnings Drop, but Raises Outlook

DuPont (DD) reported third-quarter earnings of 40 cents per share, down from 45 cents per share a year earlier.

Sales grew 17% from a year earlier to $7 billion, the company said in a statement. Sales grew 22% in emerging markets.

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The company saw a decline of 13 cents per share in pharmaceuticals income related to patent expirations.

“I am proud of our business teams’ performance…

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DuPont Earnings Drop, but Raises Outlook originally appeared on DailyFinance on Tue, 26 Oct 2010 06:40:00.

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AIG Says CEO Benmosche Has Cancer

AIG (AIG) said that CEO Robert Benmosche has cancer and is undergoing aggressive chemotherapy.

“The good news is that I feel fine, and I continue to work according to my normal schedule,” Benmosche said in a statement. “I remain absolutely committed to my job, to AIG, and to all of our stakeholders.”

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Benmosche said that he would have “a better idea” of his long-term prognosis over…

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AIG Says CEO Benmosche Has Cancer originally appeared on DailyFinance on Tue, 26 Oct 2010 06:26:00.

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