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Stock Market & Financial Investment News

News Breaks
December 6, 2012
16:49 EDTALBAlbermarle to spend $65M over 5 years to expand South Carolina facility
Albemarle Corporation has announced plans to expand its Orangeburg, SC manufacturing operations to support growing demand for products in all three of its business units and the manufacture of a new line of sustainable fire safety solutions. The $65M investment over the next 5 years is expected to add 20 jobs to support the expansion. Albemarle proceeding with the expansion project is subject to final approval by the Orangeburg County Council. The third and final reading related to the project is expected to occur on December 17.
News For ALB From The Last 14 Days
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June 29, 2015
16:22 EDTALBOn The Fly: Top stock stories for Monday
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13:39 EDTALBCabot price target lowered to $52 from $56 at Jefferies after SCOTUS ruling
Jefferies said that the Supreme Court objection to the EPA's Mercury Admissions and Toxic Standard likely delayed a higher pollutants standard by several years. Cabot (CBT), which produces activated carbon used to reduce mercury, will incur an impairment charge of about $450M on the news, the firm noted, while lowering its price target on the shares to $52 from $56. The news removes a source of bromine growth for Albemarle (ALB), the firm said, but it doesn't believe its estimates need to be cut in reaction, citing demand from state emission reduction laws. Jefferies has Buy ratings on Albemarle and Cabot.
June 24, 2015
07:16 EDTALBCredit Suisse to hold a conference
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