- Guides Q4 volumes down more than 15% y/y.
- Plans to operate plants at less than 70% capacity.
- Idling plants in Singapore, Malaysia.
- Lost $20-30M more than expected on Q4 hedging.

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

• MOG.A Today 12:05pm
  Moog Inc Class A Cutting FY09 guidance to $2.80 v $3.07e ($3.03-3.13 prior), R $2.0B v $2.01Be ($2.0-2.04B prior); Guides Q1 $0.65-0.70 v $0.70e - filing
  
• ICFI Today 10:33am
  ICF International Canaccord Adams Initiates ICFI with Buy (timing uncertain)
  
• JBLU Today 09:45am
  JetBlue Airways Corp Hearing shares raised to outperform from market perform at Avondale (timing uncertain)
  
• VMI Today 09:37am
  Valmont Industries Inc Hearing shares cut to neutral from buy at Sidoti; ENSG initiated buy (timing uncertain)
  
• AKER.NO Today 09:31am
  Aker ASA A Shares Names Romuld new CEO