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March 11, 2014
07:54 EDTVAL, WLK, MOS, IPI, AXL, MON, DOW, AGU, OLN, LYB, DD, CHMTSusquehanna to hold a conference
Chemical Conference is being held in Boston on March 11.
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November 19, 2014
10:00 EDTMOSOn The Fly: Analyst Upgrade Summary
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07:39 EDTMOSMosaic upgraded to Positive at Susquehanna
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07:35 EDTAXLBarclays to hold a conference
Global Automotive Conference is being held in New York on November 19-20.
06:20 EDTMOSMosaic upgraded to Positive from Neutral at Susquehanna
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06:16 EDTAXLAmerican Axle initiated with a Market Perform at FBR Capital
Target $18.
November 18, 2014
10:41 EDTIPI, AGU, MOSFertilizer names rise after Uralkali suspends work at mine
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10:15 EDTMOSHigh option volume stocks
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05:30 EDTWLKTechnip awarded contract by Westlake Chemical
Technip (TKPPY) was awarded a contract by Westlake Chemical (WLK) to provide detailed engineering and procurement services to expand the recovery section of Westlakeís Petro 1 ethylene plant at its complex in Sulphur, Louisiana. Technipís operating center in Houston, Texas, will execute the project, with support from the Groupís office in Mumbai, India.
November 17, 2014
08:44 EDTDDDuPont management to meet with UBS
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November 16, 2014
19:26 EDTDDDuPont probed on Texas chemical plant accident that left four dead, WSJ says
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17:04 EDTDOWThird Point attempts 'golden leash' strategy in Dow Chemical fight, WSJ says
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November 14, 2014
17:07 EDTDOWSoros Fund Management gives quarterly update on stakes
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16:52 EDTCHMTGreenlight Capital gives quarterly update on stakes
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November 13, 2014
17:38 EDTDOWDow Chemical says fundamentally disagrees with position outlined by Third Point
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17:00 EDTDDTrian Fund Management gives quarterly update on stakes
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15:15 EDTVALValspar acquires Madison Chemical Industries
Valspar announced that it has completed the purchase of Madison Chemical Industries, a coatings manufacturer headquartered in Ontario, Canada. Financial terms of the transaction were not disclosed.
14:17 EDTDOWThird Point creates board to guide Dow on increasing value
Dow Chemical shareholder Third Point said it "unveiled several constructive initiatives in its effort to increase the Companyís value." Third Point has launched, a website designed for "proactive shareholder engagement." The site includes a video narrative "detailing how Dow has fallen behind due to poor strategic decision-making by a Management team and Board best known for their track record of broken promises to shareholders." Third Point also has created an advisory board of executives with "substantive, relevant restructuring experience who are providing guidance on how Dow can increase value."
12:26 EDTMOS, IPIKoch Industries reports new Colfax stake in quarterly filing
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10:01 EDTDOWDow Chemical says Gulf Coast projects on track, on plan for start-up
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08:29 EDTCHMTChemtura announces restructuring, cost reduction plan
Chemtura announced a restructuring plan to reduce manufacturing conversion costs by approximately $50M, or about 10% annually, eliminate approximately $15M of annual stranded costs arising from the previously announced sale of the Chemtura AgroSolutions business, and reduce selling, general and administrative costs by at least $12M annually. Despite the success of many of Chemtura's improvement initiatives, the Company faces continuing weak demand conditions in some of the market applications it serves, as well as excess capacity in bromine and certain organometallics. While the company expects the bromine industry and electronics market to recover and grow to new heights, that growth may not occur in the coming year. The company expects to incur approximately $37M in cash costs to implement the restructuring plan, recording the majority of this expense in 4Q14 and 1Q15. The cash expenditures associated with these actions will continue into 3Q15. The company anticipates that the full run rate of the manufacturing and SG&A savings will be embedded in its performance by the third quarter of 2015, with annual savings of approximately $50M for the calendar year of 2015. Of the $15M of annual stranded costs, the company anticipates having eliminated them by 2Q15 with approximately $3M being incurred in the 1Q15.
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