Dow Chemical Company (NYSE:DOW): Closing price $34.00
Dow severed ties on Friday with the National Associations of Manufacturers, which posted a policy statement in support of natural gas exports, in which the Association said sales of natural gas to foreign buyers would create opportunities for businesses in the United States. In a letter to NAM President Jay Timmons on Friday, Dow Chemical accused the group of siding with member firms in the natural gas industry rather than adopt “a position of neutrality on an issue that clearly splits its membership,” according to Dow Jones. Chief Executive Andrew Liveris of Dow has said that unchecked exports of natural gas will raise domestic prices and threaten investments in the United States’ manufacturing sector.
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