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U.S. Morning Call: Eastman Chemical expands, BP battles on

Friday, January 27, 2012 - 02:41

Jan. 27 - Eastman Chemical is set to buy specialty chemical maker Solutia for about $3.38 billion in cash and stock, and BP loses its attempt to shift over $15 billion in oil spill costs onto Transocean.

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-- your morning call for this Friday what he's been company continues to grow that is Eastman Chemical. Which was spun off from now bankrupt Eastman Kodak. Just announced that 3.4 billion dollar deal to -- so this yeah. Which makes specialty chemicals for the auto industry among others. The agreement works out to 27 dollar 65 cents a share or 42%. Premium to solution yes there's -- close. A win and a loss in court for BP in the latest legal battle over the 2010. Gulf oil spill. I US district court judge ruled the oil giant must -- driller Transocean for any damage claims raised by third parties. For oil spill below the surface but the judge said BP does not have to pay any civil penalties imposed by the US government. Under the federal Clean Water -- Mitt Romney gets aggressive in the latest Republican presidential debate the candidates facing off one last time before the Florida primary Tuesday. Romney attacking rival new Gingrich on everything from his work with Freddie Mac to his characterization of -- -- anti immigrant. Governor Romney is the most anti immigrant candidate why did you do. What it would wanted to describe I want because I think in the original conversations about deportation. The position I took which he attacked pretty ferociously. Was a grandmothers and grandfathers aren't gonna be successfully deported mr. speaker I'm not anti immigrant my father was born in Mexico. My wife's father was born in Wales they came to this country the idea that I'm anti immigrant is repulsive. Don't use a term like that. The latest poll showed Romney with a lead of about 68 points on Gingrich in Florida while the others are well behind. The economy in focus today with the release of the fourth quarter advanced GDP figure. Thomson Reuters IFR markets expects growth of 3.3 percent. Well above the consensus estimate of 3%. I have RC's strong growth in inventories and housing investment contributing to the game. The report is out at 830 this Thomson Reuters University of Michigan consumer sentiment number that comes out at 955. Stocks to watch today include Procter & Gamble that Dow component reporting quarterly profit dropped by about half from the same quarter a year ago. It took the charge against its clients and salon professional businesses. At Starbucks late Thursday it reported a profit that beat expectations on strong sales worldwide. Though they only rose 2% in Europe. That's your morning called this Friday I've got to shop there this is writers' side.

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U.S. Morning Call: Eastman Chemical expands, BP battles on

Friday, January 27, 2012 - 02:41