Dow Chemical Co.: The Midland, Mich., maker...
From Times Staff and Wire Reports
Dow Chemical Co.: The Midland, Mich., maker of chemicals, plastics and pharmaceuticals said its third-quarter net income fell 52% to $282 million, despite the fact that revenue was up 16% to $4.92 billion. The company said skyrocketing costs of petroleum--a key ingredient in many of its products--was the reason for the profit drop.
