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Stock Market & Financial Investment News

News Breaks
January 29, 2013
09:03 EDTCBTCabot reaches milestone in agreement with Michelin
Cabot announces that it has reached another key milestone in its technology licensing agreement with Manufacture Francaise des Pneumatiques Michelin for use of Cabot's patented elastomer composite technology in tire applications. Regular royalty payments to Cabot have now begun and will extend through fiscal 2022. Since 2008, Cabot has been working with Michelin to develop the technology and manufacturing operations necessary to commercialize the technology in global tire markets.
News For CBT From The Last 14 Days
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February 1, 2016
16:22 EDTCBTCabot expects to reduce costs by approximately $55M in 2016
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16:21 EDTCBTCabot reports Q1 adjusted EPS 51c, consensus 52c
Reports Q1 revenue $603M, consensus $704.75M.
06:05 EDTCBTCabot says CEO Patrick Prevost 'not yet ready' to resume responsibilities
Cabot provided an update on the status of President and CEO Patrick Prevost's medical leave of absence. "Patrick has been increasingly engaged with the management team and the Board of Directors and he has been participating in various meetings in the office, in addition to working from home," said John O'Brien, Cabot's Non-Executive Chairman of the Board, speaking on behalf of the Board of Directors. "While Patrick continues to focus on his recovery, he is not yet ready to resume his full-time CEO responsibilities. As such, the Interim Office of the Chief Executive Officer will continue to report to the Board of Directors."

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