Additives major Chemtura Corp reports that it is further growing its global antioxidant business with an additional capacity expansion at Gulf Stabilizers Industries (GSI), its joint venture facility with Al-Zamil Group in Al Jubail, Saudi Arabia.
Martha Stewart Living Omnimedia on Wednesday denied press reports that it is looking to replace its namesake chief executive, who has been embroiled in an insider trading scandal.
Lately, with the turmoil in its ranks, staff cuts and reports that it is losing money, news media critics have raised questions about its survival.
Elsewhere, shares of Ford Motor were basically flat after the company denied various media reports that it is in negotiations to sell its Volvo division.
Lehman's shares tumbled this week to a five-year low after its debt was downgraded, amid reports that it is looking for a deep-pocketed partner.
The BHA reports that it is already advising Godolphin on how to improve its procedures and controls so that the chances of a repeat scandal are minimised.
US manufacturer of engineered rubber powders Lehigh Technologies reports that it is on track to triple production capacity for its ultra-fine rubber powder and is in the final phase of its search for two new plant sites.
The move comes as the company has been fending off reports that it is up for sale following the loss of its key partner, pharmaceutical giant Sanofi.
The company reports that it is processing more than 55 billion documents per month through its platform.
Henri reports that it is finished.
Amazon declined to comment on the reports that it is making a tablet.
