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Stock Market & Financial Investment News

News Breaks
August 11, 2014
04:55 EDTBDC, BDC, BDC, BDC, DCO, DCO, DCO, DCO, TSYS, TSYS, TSYS, TSYS, LYB, LYB, LYB, LYB, GRA, GRA, GRA, GRA, DOOR, DOOR, DOOR, DOOR, SHLM, SHLM, SHLM, SHLM, ALB, ALB, ALB, ALB, CE, CE, CE, CE, MSA, MSA, MSA, MSA, KMT, KMT, KMT, KMT, LII, LII, LII, LII, MEOH, MEOH, MEOH, MEOH, GPRE, GPRE, GPRE, GPRE, AEM, AEM, AEM, AEMJefferies to hold a conference
2014 Global Industrials Conference to be held in New York on August 11-14.
News For AEM;GPRE;MEOH;LII;KMT;MSA;CE;ALB;SHLM;DOOR;GRA;LYB;TSYS;DCO;BDC From The Last 14 Days
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March 25, 2015
11:30 EDTMEOHMethanex management to meet with Jefferies
Meetings to be held in Florida on March 30-31 hosted by Jefferies.
07:15 EDTAEMAgnico Eagle management to meet with UBS
Meetings to be held in Houston/Kansas City/San Antonio on March 25 hosted by UBS.
06:32 EDTCECelanese management to meet with Jefferies
Meeting to be held in Miami/Orlando on March 30 hosted by Jefferies.
March 24, 2015
07:03 EDTLYBLyondellBasell to expand production capacity of tri-ethylene glycol
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March 23, 2015
10:00 EDTLIIOn The Fly: Analyst Upgrade Summary
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08:56 EDTSHLMA. Schulman sees Q2 adjusted EPS 39c, consensus 42c
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08:55 EDTSHLMA. Schulman cuts FY15 adjusted EPS to $2.50-$2.55 from $2.60-$2.65
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07:23 EDTAEMBarclays to hold a forum
Metals & Materials Cross Asset Forum is being held in New York on March 23-25.
06:03 EDTLIIU.S. Multi-Industry sector downgraded to Neutral at Barclays
Barclays downgraded the U.S. Multi-Industry space to Neutral from Overweight saying rising headwinds could limit share upside to mid-single-digit levels in 2015, with only slight improvement in 2016. The firm believes the credit cycle is peaking and views the U.S. Dollar strength along with lower oil prices as headwinds. Concurrent with sector rating change, Barclays downgraded Dover (DOV), Grainger (GWW), Xylem (XYL) and WESCO (WCC) to Equal Weight from Overweight. It also upgraded Tyco (TYC) to Overweight from Equal Weight and Lennox (LII) to Equal Weight from Underweight, calling both defensive names in the space. The firm is also "comfortable" owning General Electric (GE), Honeywell (HON), Sensata (ST) and HD Supply (HDS) at current levels. It prefers waiting for pullbacks to buy shares of 3M (MMM).
05:49 EDTLIILennox upgraded to Equal Weight from Underweight at Barclays
Barclays upgraded Lennox to Equal Weight despite cutting its rating on the U.S. Industrial space to Neutral from Positive. The firm calls Lennox a more defensive name in the group and raised its price target for shares to $110 from $98.
March 20, 2015
06:21 EDTGPREGreen Plains coverage assumed with a Neutral at Wedbush
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06:00 EDTAEMAgnico Eagle names former Barrick Gold CFO Ammar Al-Joundi as president
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March 19, 2015
08:45 EDTTSYSHouse Permanent Select Committee on Intelligence to hold a hearing
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March 18, 2015
11:50 EDTALBAlbemarle hires BofA/Merrill for sale of non-core businesses, says dealReporter
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09:27 EDTDOORMasonite shares could trade up to $92, says FBR Capital
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08:57 EDTGPREGreen Plains shares undervalued, says Roth Capital
Roth Capital believes that Green Plains' stock does not yet reflect even a base case scenario for the pending IPO of the company's ethanol terminal and storage assets as an MLP. The firm expects a public S-1 filing for the deal, due in May, to serve as a major catalyst for the shares. It reiterates a $34 price target and Buy rating on the shares.
March 17, 2015
07:18 EDTDCOSatellite & Access Intelligence to hold a exhibition
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March 16, 2015
08:01 EDTDCODucommun to delay release of earnings
Ducommun Incorporated announced that it will postpone its 2014 fourth quarter and year-end earnings announcement and conference call currently scheduled for Monday, March 16. The company needs additional time to complete its 2014 financial statements and will file an extension notice on Form 12b-25 with the SEC to report the delayed filing of its Annual Report on Form 10-K. The company requires further time to finalize the financial information because it has discovered certain errors in the reported financial results for certain prior periods. Ducommun anticipates that the correction of these errors generally will result in an increase in the company’s net income for such periods. The company’s assessment of these matters is ongoing and subject to additional review. The company expects to announce its 2014 fourth quarter and year-end results as soon as practical and will issue a subsequent earnings release and conference call advisory announcing the timing for the release upon the finalization of the financial statements and audit completion.
07:56 EDTDCODucommun says some financial statements should not be relied upon
In a filing, Ducommun said its Audit Committee of the Board of Directors, after considering the recommendation of management, concluded on March 12, that the company’s previously issued financial statements contained in the company’s Annual Report on Form 10-K for the year ended December 31, 2013, and the Quarterly Reports on Form 10-Q for the first three quarters of the year ended December 31, 2014, should no longer be relied upon because of prior period errors in such financial statements. The conclusions reached were discussed with PricewaterhouseCoopers LLP, the Company’s independent registered public accounting firm. The prior period errors were discovered in connection with (i) a review by the company of a long-term contract following the discovery of misconduct by employees in the recording of direct labor costs to the contract from 2009 through the third quarter 2014, which resulted in the identification of a forward loss provision that should have been recorded in a prior period; and (ii) the year end reconciliation of income taxes payable and deferred tax balances that identified errors primarily in 2012 and 2013. Upon completion of the review of these matters and their impact on the above-referenced financial statements, the company expects to restate its financial statements previously included in the Prior 10-K. The company has additionally concluded that the control deficiencies that failed to detect these errors constituted material weaknesses in internal control over financial reporting as of December 31, 2013 and for each of the quarters in the nine months ended September 27, 2014. These material weaknesses remain unremediated as of December 31, 2014. When combined with the impact of prior period errors previously disclosed in the company’s financial statements included in the Prior 10-K and Prior 10-Qs, the company anticipates that the correction of the errors described above generally will result in an increase in the company’s net income for the years ended December 31, 2012 and December 31, 2013 and the nine months ended September 27, 2014, as a result of establishing a contract loss reserve in a prior period. However, the company presently cannot quantify the amount of the anticipated increase in net income because it has not completed the review described above. The company expects to file its Form 10-K for the year ended December 31, 2014 on or before March 31, 2015.
07:33 EDTSHLMA. Schulman agrees to acquire Citadel for $800M
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