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Stock Market & Financial Investment News

News Breaks
April 17, 2014
09:29 EDTALBAlbemarle says sale of assets to SI Group was due to a need to consolidate
The company said consolidation and/or integration was needed to drive profitability. Expects natural gas to Jordan Bromine Company to be start around 2017. Expects to continue to enter into accelerated share repurchases in the next few quarters, including a $100M share repurchase in May, completed by July time frame. Targets to reduce working capital by $100M by 2020. Sees FY14 CapEx to decline to $100M-$125M. Comments taken from Q1 earnings conference call.
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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