- Pleased with the recent decision by the US District Court in Wilmington, Del., to deny a motion filed by Wellman, for a preliminary injunction to stop Eastman's production of certain ParaStar PET resins at its facilities in Columbia, S.C.
- In September 2007, Wellman filed a lawsuit against Eastman in U.S. District Court claiming patent infringement pertaining to certain unidentified ParaStar PET resins. Wellman then filed the motion for a preliminary injunction in early 2008, and the Court heard arguments on the motion in June 2008.

Other headlines for [EMN]

• EMN 12/18/2008 08:10am
  Eastman Chemical Co Forms JV with SK Chemicals for cellulose acetate tow production- Have signed a joint venture agreement to form a company that will construct a cellulose acetate tow manufacturing facility in Korea - more...
  
• EMN 12/17/2008 08:22am
  Eastman Chemical Co Cutting costs in response to global recession, sees more than $100M in savings in 2009, $5M charge in Q4- EMN has announced a series of actions the company is taking to respond to current economic more...
  
• EMN 12/8/2008 04:40pm
  Eastman Chemical Co Update: Elected Jim Rogers as CEO, effective May 7, 2009; appoints Rogers as Director, effective immediately- Rogers is currently president of the company and chemicals and fibers business group more...
  
• 12/6/2008 10:16am
  Barron's Cover Story: Exchange stocks are cheap- Barron's cover is positive on exchange stocks, NYX, NDAQ, CME, and ICE. The exchange stocks have been dragged down by indiscriminate selling of any more...
  
• EMN 12/2/2008 09:21am
  Eastman Chemical Co Guides Q4 EPS "well below" $0.90 v $0.88e - web presentation- Guides Q4 volumes down more than 15% y/y. - Plans to operate plants at less than 70% capacity. - Idling plants in Singapore, more...
  

Industrials sector headlines

• FR.FR Today 01:28pm
  Valeo SA Moody's lowers Long term rating cut to Ba1 fom Baa3; now junk status; affects €1.1B worth of debt
  
• NSANY Today 01:24pm
  Nissan Motor Co., Ltd Announces recall of 243K trucks and SUVs due to airbag sensor issues
  
• DAL Today 01:19pm
  Delta Air Lines Inc Reports Dec load factor 80.1% v 77.7% y/y- ASMs 9.78M (+0.7% y/y) - RPMs 12.2M (-2.4% y/y)
  
• CAE Today 01:12pm
  Cascade Corp. Hearing downgraded to underperform from neutral rating at DA Davidson (timing uncertain)
  
• LEA Today 01:03pm
  Lear Corp Moody's lowers corporate family rating to Caa2 from B3