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Stock Market & Financial Investment News

News Breaks
January 10, 2014
12:03 EDTCF, ADM, MON, DD, CMP, IPI, ANDE, MOS, POT, BG, SYT, AGUU.S. feed grain supplies for 2013/14 projected lower
According to the latest WASDE report from the USDA, U.S. feed grain supplies for 2013/14 are projected lower with reduced production estimated for corn and sorghum. Harvested area for corn is raised 436,000 acres, but the estimated yield is lowered 1.6 bushels per acre to 158.8, reducing production 64M bushels to 13.9B. Corn ending stocks for 2013/14 are projected 161M bushels lower at 1.6B. The projected 2013/14 season-average farm price for corn is unchanged at the midpoint with the range narrowed to $4.10 to $4.70 per bushel. Projected corn use for 2013/14 is raised with feed and residual use projected up 100M bushels based on September-November disappearance as indicated by the December 1 stocks estimate. Corn used to produce ethanol is raised 50M bushels reflecting continued strong weekly ethanol production, a reduction in expected sorghum use for ethanol, and higher forecast 2014 gasoline consumption in the latest projections from the Energy Information Administration. Reference Link
News For CF;SYT;BG;POT;MOS;ANDE;IPI;CMP;DD;MON;ADM;AGU From The Last 14 Days
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September 18, 2014
10:00 EDTDD, MONOn The Fly: Analyst Upgrade Summary
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08:02 EDTMONMonsanto upgraded at Stifel
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07:37 EDTDDDuPont break up no 'sure shot' for Trian, WSJ says
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06:33 EDTDDDuPont upgraded to Overweight from Neutral at JPMorgan
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06:18 EDTDDDuPont upgraded to Overweight from Neutral at JPMorgan
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06:10 EDTMONMonsanto upgraded to Buy from Hold at Stifel
September 17, 2014
16:25 EDTDDOn The Fly: Closing Wrap
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12:54 EDTPOTPotash would like to grow dividend over time
Comments made at the Credit Suisse Basic Materials Conference.
12:22 EDTDDOn The Fly: Midday Wrap
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09:45 EDTDDDuPont trades higher after Trian Fund Management urges spin-offs
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09:10 EDTDDOn The Fly: Pre-market Movers
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09:03 EDTDDTrian requested one DuPont board seat this summer, CNBC reports
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08:22 EDTDDDuPont issues statement regarding Trian
In response to the letter from Trian Fund Management sent earlier this morning, DuPont issued the following statement: "Our board of directors and management team have taken firm action over several years that has delivered 220 percent total shareholder return since year-end 2008, compared to 144 percent for the S&P 500 during the same period, by aggressively deploying our leading science across the company, strengthening and fine-tuning our portfolio, and through disciplined capital allocation. The board and management team remain committed to executing on our strategic plan to drive growth and profitability. The recently announced first phase of our redesign initiative to drive down costs by $1 billion and embed greater efficiencies, together with the separation of Performance Chemicals and our $5 billion share repurchase program, reflect our board and management's commitment to enhance value for all DuPont shareholders. DuPont welcomes open communications with shareholders and values input toward our common goal of enhancing shareholder value. We speak and meet with shareholders frequently, and while it is our policy not to comment on discussions with specific shareholders, we have had a constructive dialogue with Trian."
07:00 EDTDDTrian Partners calls for further initiatives to optimize long-term value
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06:53 EDTDDWhite House says companies taking steps to reduce HFCs emissions
The Obama Administration yesterday announced new private sector commitments and executive actions to reduce emissions of hydroflourocarbons, or HFCs, powerful greenhouse gases that contribute to climate change, the Shite House stated. Coca-Cola (KO) has set a goal for 100 percent of its newly purchased cold drink equipment to be HFC-free, .while DuPont (DD),, announced that its new products are anticipated to reduce greenhouse gas content of refrigerants by some 90M tons carbon dioxide equivalent in the U.S., and 245M tons worldwide by 2025, the White House noted. Honeywell (HON) plans to transition the majority of its high-GWP HFC production to new low-GWP production, while Johnson Controls (JCI) committed to using the lowest GWP option for each application that best fits the needs of its customers from the standpoint of safety, efficiency, reliability, availability, and economy, according to the White House Johnson Controls also commits to spend $50M over the next three years to develop new products and improve and expand its existing low-GWP portfolio.
06:51 EDTDDTrian Partners says DuPont should separate into GrowthCo and CyclicalCo/CashCo
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06:06 EDTDDTrian Partners says DuPont's structure 'destroying shareholder value'
Trian Fund Management, L.P., whose investment funds beneficially own approximately $1.6B of the outstanding shares of DuPont, said it has sent a letter to the bomard analyzing how DuPontís conglomerate structure is destroying shareholder value. The letter and accompanying White Paper Summary also detail initiatives DuPont should take that Trian believes could significantly improve DuPontís financial performance and double the value of its common stock within three years. Trian plans to meet with DuPont shareholders to present its analysis and strongly recommends that the DuPont Board meet shareholders without management present to hear their views. In the letter, Trian said, "While we applaud the announced spin-off of Performance Chemicals, the Fresh Start initiative and the $5 billion share buyback authorization, we believe strongly that, by themselves, these moves are not enough to optimize shareholder value. We would have preferred to continue working privately with management and the Board, but it is now clear that the Board is not willing to hold management accountable for continuing underperformance and repeated failures to deliver promised revenue and earnings targets. Therefore, we can no longer be silent as DuPont continues to struggle to execute what we are convinced is a flawed business plan, especially as we have a solution that we believe could double the value of DuPontís shares over the next three years."
05:58 EDTDDTrian wants DuPont to spin off agriculture, nutrition units, WSJ reports
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September 16, 2014
17:27 EDTMOS, AGU, POTUralkali has no plans to restore Belarus potash arrangement, WSJ says
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09:26 EDTANDEAndersons estimates raised and remain above Street at BB&T
BB&T raised Andersons's 2014 EPS estimate, which remains above the Street, and initiated a 2015 EPS Street high estimate due to increased confidence in the 2014 crop and ethanol. The firm recommends using recent weakness as a buying opportunity and views concerns over FSA acreage as overblown. Shares are Buy rated with a raised price target of $74.
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