Chemours (CC) Stock Rising on $350 Million Restructuring Plan

NEW YORK (TheStreet) -- The Chemours Company shares are up by 10.88% to $10.50 in late morning trading on Thursday, after the performance chemical provider announced plans to slash costs by $350 million by 2017. The company, which spun off from DuPont on July 1, previously announced its restructuring plans but detailed that it plans to save $40 million by the end of this year and $350 million by 2017. The moves come as the company also announced yesterday that it swung to a net loss in the secon...