On Monday, Shares of Dow Chemical Co (NYSE:DOW), lost -4.39% to $40.06.
For the third successive year, The Dow Chemical Company (DOW) has committed to combining leadership and business development while simultaneously addressing some of the world’s most pressing challenges. From September 26 – October 3, 2015, Dow will send 42 employees from 24 global locations to Surabaya, Indonesia to work with nonprofit organizations and address long-standing challenges in a key growth market for the Company. The program, Leadership in Action (LIA), is being held for the first time in Asia and in one of Dow’s focused growth geographies. The company recently opened its first sales office in Surabaya, the capital of East Java province.
Pairing talent development with global citizenship, LIA offers Dow employees the opportunity to partner with on-the-ground, local organizations in emerging geographies to develop sustainable community-driven solutions. In Indonesia this year, employees will work with three universities and four non-governmental organizations (NGOs) to address challenges related to education, agriculture, water and community development. The Dow employees have been working virtually with their colleagues since April 2015 on various projects, and will travel to Surabaya in September to work side-by-side with their Indonesian counterparts to present their proposals. The Dow teams and their local partners will then work together to reach the most suitable solutions and by the end of October, Dow will present the final solutions.
Dow’s LIA is a partnership between Dow Sustainability Corps (DSC), the Company’s skills-based employee engagement program, and the Company’s human resources function. LIA leverages the aims of DSC and human resources to generate solutions to global challenges and exceptional leadership development opportunities.
The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified, manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world.
Shares of Transocean LTD (NYSE:RIG), declined -4.77% to $11.98, during its last trading session.
Transocean - A statement by Mr. Eduardo Costa Van Musa regarding the drilling contract for the Petrobras 10000 was made public this week through the Brazilian authorities investigating corrupt practices regarding Petrobras. In his statement, Mr. Musa said he believed he received payments from someone claiming to be a commercial representative of Transocean even though Mr. Musa also asserted that no such payments were necessary as Transocean had been awarded the contract as it was the best technical and economic bidder in a competitive process.
Transocean has not identified any wrongdoing by any employee or any of its agents in connection with the company`s business. Transocean is investigating these recent allegations made by Mr. Musa and will also continue its efforts to ensure no violation of company policy or law has, or will, occur. Finally, if requested, Transocean will cooperate with governmental investigations.
Transocean is committed to doing business lawfully and with the highest ethical standards. The company has in place a comprehensive compliance program that encompasses our Code of Integrity and related policies, counting requirements for risk-based due diligence of third parties, regular training, audits and more. In addition, Transocean has been following the ongoing investigations in Brazil and has taken what it and its outside counsel believe are appropriate responsive measures.
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services.
Shares of CSX Corporation (NYSE:CSX), declined -2.04% to $25.99, during its last trading session.
CSX Corporation and two leading mechanical unions, the International Association of Machinists and Aerospace Workers (IAM) and the International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART), recently declared a landmark partnership that will enhance benefits for CSX employees and further improve productivity.
Under the tentative agreement, which is being presented for ratification, members of the IAM and SMART unions will be able to perform a variety of assigned work beyond the traditional boundaries of craft or union affiliation. Covered employees will see raised pay through an hourly skill differential, improved ability to retain employment, benefits and connection to railroad retirement and an ability to perform additional locomotive rebuild work in-house with CSX employees. This new agreement builds on the success of a similar work-sharing structure implemented at the company’s Huntington Locomotive Shop in 2013.
SMART General President Joseph Sellers, Jr. added, “This agreement enhances job opportunities, job security and our members’ ability to transfer across the system, while also improving training and supporting skill development. Across the board, we are taking an innovative look at building relationships that support our common interests now and into the future.”
CSX Corporation (CSX), together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers. The Company has three lines of business: merchandise business, coal business and the intermodal business.
Finally, ConocoPhillips (NYSE:COP), ended its last trade with -2.82% loss, and closed at $45.87, following a drop in oil prices due to a decline in Chinese industrial companies’ profits, Reuters reports.
An estimated drop in stockpiles at the Cushing, Okla. delivery hub, however, may lead to a rise in oil prices if the data from the U.S. Energy Information Administration confirms the decline, Reuters added.
ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids.
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