Tag Archives: Dow Chemical

Not all market news is scary — Alcoa, S&P 500 profits rising

Concern about the global economy has Wall Street tumbling today, but not all the market news is quite so scary. Consider the profit expectations for aluminum maker Alcoa Inc.

Bloomberg says Alcoa, which has a large presence next door in Blount County, may report that its second quarter profit more than doubled on rising global demand. Alcoa is benefiting from the growth of companies like General Motors and Airbus.

But wait, there’s more.

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My merit badge is missing

In case you missed it, here’s a link to my column in the business section of Sunday’s Knoxville News Sentinel.

In a nutshell, the column asserts that the economy remains painfully slow, but it is creating jobs and isn’t as bad as some on the far right suggest.

Not all readers shared my point of view, but thanks to all who took the time to post a comment.

Some readers posted a few questions that I will attempt to answer.

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Green investments can pay off big

If anyone questions the value of a company making green investments, ask them if $7 billion is an adequate ROI.

That’s the net profit Dow Chemical, which has a plant in Knoxville, reports it has earned from investing $2 billion in energy efficiency projects. Since 1994, the company has found ways to save 1.8 quadrillion British Thermal Units of energy.

That’s a lot of green — saved and earned.

Here’s the full story as reported by Fortune:

Dow’s amazing $7 billion profit on green