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Stock Market & Financial Investment News

News Breaks
March 19, 2013
10:30 EDTCBTCabot reports receipt of operating permits for new mine in Texas
Cabot Corporation announced that Cabot Norit Activated Carbon has received operating permits for its new mine near Marshall, Texas. As part of Cabotís strategic plan to meet the anticipated quadrupling of demand for activated carbon for use in the coal-fired utility market, this investment is expected to begin production in 2014 and produce lignite for approximately 50 years, Cabot said. In addition to these operating permits for the new mine, Cabot has also secured permits and developed plans for seven new manufacturing lines in North America that give Cabot the ability to significantly increase current production capacity of their mercury control products. In preparation for the new mine, Cabot has purchased and relocated a dragline to the new mine site.
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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