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Stock Market & Financial Investment News

News Breaks
November 29, 2012
11:04 EDTCNI, ADM, EPD, MPC, KSU, AEPObama being urged to declare Mississippi emergency on water level, Bloomberg says
President Obama is being urged to declare an emergency for the Mississippi River because of low water levels due to drought conditions combined with a seasonal dry period, says Bloomberg, adding that Mississippi barges handles a significant amount commodities transport. Reference Link
News For ADM;AEP;MPC;CNI;KSU;EPD From The Last 14 Days
Check below for free stories on ADM;AEP;MPC;CNI;KSU;EPD the last two weeks.
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April 17, 2014
10:11 EDTKSUHigh option volume stocks: CMG INFY GOOGL GOOG SNDK MAT YHOO BX KSU GILD
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09:59 EDTEPDOn The Fly: Analyst Downgrade Summary
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05:36 EDTEPDEnterprise Products downgraded to Hold from Buy at Jefferies
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April 16, 2014
16:52 EDTKSUKansas City Southern reaffirms FY14 adjusted EPS growth of mid-teens
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16:05 EDTKSUKansas City Southern reports Q1 adjusted EPS $1.05, consensus 99c
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15:17 EDTKSUNotable companies reporting after market close
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April 15, 2014
16:22 EDTADMOn The Fly: Closing Wrap
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13:19 EDTADMArcher Daniels announces $350M unit sale to Mosaic, other actions
Archer Daniels Midland (ADM) announced three actions in the company’s ongoing portfolio management. ADM has signed an agreement to sell its fertilizer business in Brazil and Paraguay to The Mosaic Company (MOS) for $350M. The transaction consists primarily of five ADM-owned blending facilities in Brazil and Paraguay. The purchase price includes $150M in working capital. As part of the transaction, ADM will purchase fertilizer from Mosaic after the closing and will continue to supply certain fertilizer customers in Brazil and Paraguay. ADM also announced it will pursue the sale of its chocolate business, while retaining the majority of its cocoa press operations. The company has engaged advisers to facilitate the sale process. Finally, ADM announced it will acquire the remaining 20% minority stake of Alfred C. Toepfer International for EUR83M, representing about 1.1x net book value. The proposed transaction, which is occurring through the exercise of a put agreement by Union InVivo, will be subject to customary regulatory approvals. Since 2002, ADM has owned 80% of Toepfer. InVivo will remain a strategic business partner for ADM in Europe.
12:31 EDTADMMosaic to acquire Archer Daniels' Brazil, Paraguay fertilizer units
Mosaic (MOS) signed definitive agreements with Archer Daniels Midland (ADM) to acquire its fertilizer distribution business in Brazil and Paraguay for $350M. The purchase price assumes the delivery of $150M in working capital at closing. This acquisition is expected to accelerate Mosaic's previously announced growth plans in Brazil as well as replace planned internal investments in that country. Under the terms of the agreement, Mosaic would acquire four blending and warehousing facilities in Brazil, one in Paraguay and additional warehousing and logistics service capabilities. The acquisition of ADM's fertilizer distribution business would increase Mosaic's annual distribution in the region from approximately 4M metric tonnes to about 6M metric tonnes of crop nutrients. The parties have also negotiated the terms of five-year fertilizer supply agreements providing for Mosaic to supply ADM's fertilizer needs in Brazil and Paraguay. Mosaic will fund the acquisition with cash from operations. The transaction is not expected to impact Mosaic's shareholder distribution plans. The proposed sale will be contingent on customary regulatory approvals.
April 10, 2014
17:04 EDTKSUKansas City Southern initiated with an Underperform at Macquarie
Target $100.
07:27 EDTAEPSenate Energy & Natural Resources Committee to hold a hearing
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April 9, 2014
12:04 EDTADMU.S. corn exports projected to increase 125M bushels
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April 8, 2014
16:12 EDTEPDEnterprise Products increases dividend 6% to 71c
Enterprise Products Partners announced that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to 71c per common unit, or $2.84 per unit on an annualized basis. The quarterly distribution will be paid on Wednesday, May 7 to unitholders of record as of the close of business on Wednesday, April 30. This distribution, which represents a 6.0% increase over the 67 per unit distribution declared with respect to the Q1 of FY13, is the 48th distribution increase since Enterprise’s initial public offering in 1998 and the 39th consecutive quarterly increase.

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