On Air Now

Listen

Listen Live Now » 101.9 FM Central Wisconsin

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
32° Feels Like: 24°
Wind: S 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy/Wind 60°

Tonight

Thundershowers 49°

Tomorrow

Showers 64°

Alerts

Dow Chemical reports quarterly loss as demand slumps

(Reuters) - Dow Chemical Co reported a quarterly net loss on Thursday due to large restructuring charges and falling sales of specialty plastics and chlorine.

For the fourth quarter the company posted a net loss of $716 million, or 61 cents per share, compared with a net loss of 20 million, or 2 cents per share, in the year-earlier quarter.

Sales fell 1 percent to $13.92 billion.

Dow Chemical took a $990 million charge in the fourth quarter, part of a plan announced in October to lay off 5 percent of its workforce, close 20 plants and write down the value of its underperforming lithium ion battery business.

(Reporting By Ernest Scheyder; Editing by Gerald E. McCormick)

Comments