DuPont Steps Up Integrated Science Strategy and 2 Other Dow Movers to Watch
E.I. DuPont de Nemours and Co. (NYSE:DD): Current price $57.54
As it pursues its transition to a higher growth company, DuPont on Tuesday reshaped its leadership team, so as to speed up its integrated science execution throughout the firm, and is also looking at strategic alternatives for its Performance Chemicals arm. These moves form a part of DuPont’s transformation to a higher growth, less cyclical entity that joins together its unique scientific capabilities in chemistry, biology, and materials to develop differentiated, high-value solutions in the agriculture and nutrition, industrial biosciences, and advanced materials markets on a global basis. To step up its applied integrated science strategy across its businesses, Industrial Biosciences Division Chief James C. Collins, Jr. will become senior vice president, reporting to DuPont Chair and Chief Executive Ellen Kullman, and will manage the Industrial Biosciences, Performance Polymers, and Packaging & Industrial Polymers units.
The Coca-Cola Co. (NYSE:KO): Current price $41.07
Coca-Cola recently formed a partnership with the restaurant chain California Pizza Kitchen to provide Coca-Cola products in the latter’s 202 restaurants across the United States. Pursuant to the terms of this multi-year product and marketing accord, all California Pizza Kitchen businesses will exclusively have Coca-Cola products available by August 31. Beyond that, both the brands will work jointly on a number of promotional and marketing initiatives annually, which is expected to boost beverage consumption at all restaurant locations. Additionally, the current arrangement with California Pizza Kitchen will assist Coca-Cola in accessing the large customer base of the restaurant company, which should increase its volumes.
General Electric Co. (NYSE:GE): Current price $24.69
On Tuesday, GE Capital Retail Bank and the designer of engagement rings and fine jewelry Ritani, announced a multi-year arrangement to provide a branded private-label credit card program for jewelry customers. GE Capital’s Retail Finance’s operating entity, which supplies financial solutions to retailers and dealers to help boost their customer sales, will oversee the relationship and service the account. The Ritani Credit Card may be obtained for purchases on Ritani.com, participating Ritani Free In-Store Preview Jewelers, and by means of its telephone call center.