Dow Chemical Co DOW.N said it would raise about $1 billion from the sale of corporate assets such as rail cars and that it was reviewing joint ventures, part of a plan to raise as much as $6 billion through asset sales. Dow and rival DuPont DD.N are facing increasing investor pressure to divest less lucrative businesses and return more money to shareholders. Dow, which makes everything from insecticides to plastics, has already earmarked its epoxy business and some chlorine and derivatives assets for sale. The company on Wednesday added real estate and other infrastructure such as rail cars and terminals to its "for sale" list, and said it would review its 86 joint ventures.
WASHINGTON (AP) — Regulators have voted narrowly to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.