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Stock Market & Financial Investment News

News Breaks
January 6, 2014
09:31 EDTAPDAir Products announecs long-term agreement for CO2 liquid production
Air Products announced the signing of a long-term agreement for the production of liquid CO2 with Big River Resources Boyceville. Air Products will operate a facility to produce 250 tons per day of liquid CO2 at Big River Resources' established ethanol plant in Boyceville, Wisconsin. Air Products will market food and beverage-grade liquid CO2 from the plant, which is expected to begin production in early 2014. Air Products has 13 liquid CO2 production plants in the U.S., and had recently announced another planned liquid CO2 agreement and facility with 400 tpd of production in Iowa.
News For APD From The Last 14 Days
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November 26, 2014
08:20 EDTAPDAckman says Herbalife short thesis reinforced by recent developments
"Recent developments at Herbalife reinforce our short thesis that HLF is an illegal pyramid that will collapse or otherwise be shut down by regulators," Bill Ackman stated in Pershing Square Holdings' quarterly letter to shareholders, which was released last night. "We continue to believe that the expiration of HLF’s $1.15B credit facility in 2016 is a potential catalyst for further stock price declines, as we are skeptical that the company will be able to access the credit markets in order to refinance or replace this facility," Ackman added. In the letter, Ackman also confirmed that the fund is currently doing due diligence on Actavis (ACT) to determine whether it should remain a long-term holder following the company's deal to acquire Allergan (AGN), noting that Pershing had recently met with the CEO of Actavis and were "impressed with him and his business plan for the combined company." Remarking on some of his other notable holdings, Ackman stated that Canadian Pacific’s (CP) transformation has been "nothing short of remarkable," that he believes the acquisition of Tim Hortons (THI) will create significant long-term value for Burger King (BKW) shareholders, and that early returns from Air Products' (APD) transformation are "promising."
November 24, 2014
14:42 EDTAPDAir Products files automatic mixed securities shelf
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