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Stock Market & Financial Investment News

News Breaks
March 11, 2014
07:54 EDTVAL, WLK, MON, DOW, AGU, OLN, LYB, DD, CHMT, MOS, IPI, AXLSusquehanna to hold a conference
Chemical Conference is being held in Boston on March 11.
News For CHMT;AGU;AXL;DD;DOW;IPI;LYB;MON;MOS;OLN;VAL;WLK From The Last 14 Days
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February 23, 2015
09:54 EDTAXLAmerican Axle targets FY15-FY17 annual sales to grow at CAGR in excess of 5%
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09:52 EDTAXLAmerican Axle sees FY15 revenue $4B-$4.1B, consensus $4.07B
This sales projection is based on the anticipated launch schedule of programs in AAM's new and incremental business backlog and the assumption that the U.S. Seasonally Adjusted Annual Rate of sales is in the range of 16.5M-17M light vehicle units for the full year 2015. Sees FY15 ABITDA $550M-$575M. Sees FY15 free cash flow $175M-$200M. Sees FY15 CapEx to be 5% of sales in 2015.
08:14 EDTAXLAmerican Axle reports Q4 EPS 17c, may not compare to consensus 54c
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08:04 EDTAXLAmerican Axle reports Q4 non-GAM sales up 13% to $317.2M
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08:04 EDTAXLAmerican Axle reports Q4 net income 17c, not comparable to consensus 54c
Reports Q4 revenue $939.5M, consensus $924.29M. In the fourth quarter, AAM's results reflect the impact of a non-cash charge of $35.5M related to the 2014 Pension Payout Offer. This compares to net income of $29.8M, or 39c per share, in the fourth quarter of 2013.
07:52 EDTAXLAmerican Axle to amend 10-Q for period ended September 30, 2014
American Axle said in a filing that on February 19, the Audit Committee of the Board of Directors of American Axle & Manufacturing Holdings, after discussion with management and the companyís independent registered public accounting firm, Deloitte & Touche LLP, concluded that the financial statements contained in the companyís Quarterly Report on Form 10-Q for the period ended September 30, 2014, as previously filed with the SEC on October 31, 2014, should no longer be relied upon. American Axle says "In connection with the preparation of our consolidated financial statements for the year ended December 31, 2014, we determined that entries recorded in the third quarter of 2014 to reduce certain accrued accounts payable balances by $8.4M were previously recorded as a reduction of cost of goods sold but should have been recorded as an adjustment to opening accumulated deficit because the amounts giving rise to the correction originated in periods prior to January 1, 2012. While management determined that it was necessary to restate the September 30, 2014 interim period and revise managementís conclusion regarding the effectiveness of disclosure controls and procedures as a result of a material weakness in internal controls over financial reporting, the effect of correcting these errors was not material to opening accumulated deficit as of January 1, 2012. The cumulative impact of the error was a decrease of $6.9M in opening accumulated deficit as of January 1, 2012.As a result of the foregoing, AAM will amend our Form 10-Q for the interim period ended September 30, 2014 to restate our previously issued financial statements. The Form 10-Q/A will be filed on February 23, 2015."
07:40 EDTMOSBMO Capital to hold a conference
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February 20, 2015
06:06 EDTLYBGeneral Motors names Craig Glidden as new general counsel
General Motors (GM) announced yesterday that Craig B. Glidden has been appointed executive VP and general counsel, effective March 1. Glidden will lead a team of staff attorneys who are integrated into all of GMís regional and functional teams in more than 30 countries. Glidden succeeds Michael Millikin, who is retiring in July after a nearly four-decade legal career, including five years as GMís general counsel. Before joining GM, Glidden was executive VP and chief legal officer for LyondellBasell Industries (LYB).
February 19, 2015
10:32 EDTWLKHigh option volume stocks:
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09:31 EDTLYBLyondellBasell appoints Jeffrey Kaplan as Chief Legal Officer
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February 18, 2015
18:55 EDTIPIOn The Fly: After Hours Movers
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16:08 EDTIPIIntrepid Potash sees 2015 potash sales 830K-870K tons
The company said, "Potash sales volume this year is expected to approximate production volume as Intrepid entered 2015 with low inventory levels after the record sales volumes in 2014. The 2015 production and cost outlooks are similar to 2014 levels as a result of reduced solar production from the Wendover facility due to abnormally high precipitation during 2014 that supported below average evaporation rates. Per ton cash operating costs and cost of goods sold for potash are expected to improve in the second half of 2015. This trend incorporates the positive production mix shift to more low cost solar solution tons in the second half of this year including the continued ramp-up of the HB mine. The HB mine remains on track to achieve full production levels in 2016."
16:07 EDTIPIIntrepid Potash reports Q4 EPS 8c, consensus 2c
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07:13 EDTLYBLyondellBasell declares interim dividend of 70c
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February 17, 2015
17:13 EDTLYBPoint72 gives quarterly update on stakes
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17:02 EDTDOW, LYBSoros Fund Management gives quarterly update on stakes
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10:09 EDTDDDuPont tells shareholders 'we are on the right path'
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10:00 EDTLYBOn The Fly: Analyst Downgrade Summary
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07:20 EDTDDDuPont management to meet with UBS
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06:07 EDTLYBLyondellBasell downgraded to Neutral from Buy at Citigroup
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