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Stock Market & Financial Investment News

News Breaks
March 12, 2013
07:54 EDTARJ, MPC, CCCCalgon Carbon, Starboard Value reach agreement on board seats
Calgon Carbon Corporation announced it has reached an agreement with Starboard Value LP and its affiliates regarding the composition of the Board of Directors. Starboard beneficially owns approximately 9.2% of the outstanding shares of Calgon Carbonís common stock. Under the terms of the agreement, Calgon Carbon will nominate two new independent directors to the 2013 slate of nominees. Louis S. Massimo, former Executive Vice President and COO of Arch Chemicals (ARJ), and Donald C. Templin, Senior Vice President and CFO of Marathon Petroleum Corporation (MPC). Neither is employed by or affiliated with the company or with Starboard. The nominations will be included in the companyís 2013 proxy statement and submitted for stockholder approval at the company's 2013 Annual Meeting, which has been set for May 1.
News For CCC;MPC;ARJ From The Last 14 Days
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March 3, 2015
16:15 EDTMPCMarathon Petroleum appoints Timothy Griffith as CFO
Marathon Petroleum announced a series of key management changes at MPC headquarters, including the appointments of Donald C. Templin as executive vice president, Supply, Transportation and Marketing, and Timothy T. Griffith as senior vice president and CFO. Both will report to Heminger. Templin, who has served as senior vice president and CFO since June 2011, will provide executive oversight for Supply, Distribution and Planning, Marketing, Transportation and Logistics, and Business Development. Griffith joined MPC in August 2011 as vice president of finance and treasurer, and assumed responsibility for investor relations in early 2014. In his new role, he will oversee the Accounting and Controller's group, Information Technology, Tax, Finance and Investor Relations, and will continue to serve as treasurer. In addition to the changes outlined above, Heminger announced that George P. Shaffner has been appointed senior vice president, Health, Environment, Safety and Security, and John S. Swearingen has been appointed senior vice president, Transportation and Logistics. Also reporting to Templin will be James P. Heintschel in the newly created role of vice president, Business Development. Heintschel served as Business Development director prior to this appointment. All executives involved in the moves will remain at MPC's headquarters in Findlay. These appointments are effective immediately.
February 19, 2015
11:00 EDTCCCCalgon Carbon says it plans to be 'more active' in acquisitions
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11:00 EDTCCCCalgon Carbon sees FY15 CapEx $80-$85M
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11:00 EDTCCCCalgon Carbon announces new cost saving initiative to see savings of $10M
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10:58 EDTCCCCalgon Carbon sees Q1 revenue growth 3%-5%, consensus $138.81M
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08:13 EDTCCCCalgon Carbon declares dividend of 5c per share
Calgon Carbonís Board of Directors declared a quarterly cash dividend of 5c per share to its shareholders of record on March 5 which will be paid on March 15. Randy Dearth, Calgon Carbonís Chairman, President and CEO commented, ďI am extremely pleased with the Boardís decision to declare a cash dividend for the first time since 2005, as it reflects confidence that we have transformed Calgon Carbon into a company with exciting growth opportunities, sustainable earnings, and solid cash flows. When added to further stock repurchases and additional investments in our plants, the dividend becomes part of our comprehensive program to increase shareholder value.Ē
08:12 EDTCCCCalgon Carbon reports Q4 EPS 23c, consensus 23c
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