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Sunday, 12/28/2008 6:38:35 PM

Sunday, December 28, 2008 6:38:35 PM

Post# of 151693
Kuwait cancels deal with Dow Chemical...

The deal had angered some Kuwaiti parliamentarians who said the project was not economically viable in light of the global financial crisis and slumping petrochemical sales.

A cabinet statement said the global crisis had prompted the cabinet to ask the council "to take the necessary measures to cancel the contract ... within a sound legal framework while safeguarding the state's rights and interests," KUNA reported.

http://www.reuters.com/article/rbssIndustrialConglomerates/idUSLS30882120081228

Hmmmm, could The Foundry Company also be in jeopardy?
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