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Stock Market & Financial Investment News

News Breaks
April 9, 2014
11:07 EDTAPDAir Products unit announces order for PRISM nitrogen systems
Air Products AS in Kristiansand, Norway recently received its single largest order of PRISM nitrogen systems for shipboard applications in the last 30 years, the company announced. The order, from "one of the world's largest energy companies," involves retrofitting 25 liquefied natural gas vessels by replacing a competitive nitrogen system with a new one that incorporates Air Products' PRISM membrane technology.
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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