Arch Chemicals posted a surprise quarterly profit as higher pricing and the favorable impact of a recent acquisition offset lower volumes and unfavorable foreign exchange. Net income for the quarter was $3.2 million, or 13 cents a share, compared with $5.7 million, or 23 cents a share, in the same quarter last year. Sales fell 15 % to $293.7 million.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
