New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 4, 2012
18:02 EDTCHMT, CATChemtura announces joint development agreement with Caterpillar
Chemtura Corporation (CHMT) announced it has entered into a joint development agreement with Caterpillar (CAT) for novel applications of Chemtura's Duracast hot-cast urethane pre-polymer technology for construction and mining equipment. The joint development agreement focuses on novel applications in construction and mining equipment where urethanes have not previously been used. Initial products to be jointly developed include non-pneumatic tires for certain Cat machines. Prototype development is under way with field evaluation expected to begin by early 2013. Under the agreement, other potential applications of Duracast technology may include debris guards for use behind tires, ground engagement accessories and wear reduction coatings.
News For CHMT;CAT From The Last 14 Days
Check below for free stories on CHMT;CAT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 23, 2014
15:35 EDTCATNotable companies reporting before tomorrow's open
Subscribe for More Information
13:40 EDTCATEarnings Preview: Caterpillar sees Q1 revenue flat, year-over-year
Caterpillar (CAT) is expected to report first quarter earnings on Thursday, April 24, before the market open with a conference call scheduled for 11:00 am ET. Caterpillar is a manufacturer of mining and construction equipment. EXPECTATIONS: Analysts are looking for earnings per share of $1.24 on revenue of $13.14B, according to First Call. The consensus range for EPS is $1.03-$1.35 on revenue of $12.34B-$13.74B. LAST QUARTER: Caterpillar reported fourth quarter EPS of $1.54 against estimates for $1.28 on revenue of $14.4B against estimates for $13.64B. On its Q4 earnings report, the company forecast 2014 EPS ex. restructuring costs of $5.85, versus consensus of $5.78. FY14 revenue was seen at $56B, compared to consensus of $55.27B. In total, the company expects restructuring actions in 2014 to be about $400M-$500M and an after tax impact of 50c-60c per share. Caterpillar said it was seeing signs of improvement in the world economy. Despite the company's expectation that mine production will continue to increase, it expects mining companies to further reduce their capital expenditures in 2014. As a result, it expects sales in Resource Industries to decline modestly. The company said it will continue to be cautious on the mining industry. The company announced a $10B stock repurchase program that will expire on December 31, 2018, and it intends to repurchase $1.7B of common stock in Q1. On the company's Q4 conference call, management said it sees Q1 revenue flat with 1Q13. STREET RESEARCH: Sentiment on the Street has been mixed in the weeks leading up to Caterpillar's Q1 report. On February 20, Caterpillar was initiated with a Buy at Deutsche Bank with a price target of $122. Conversely, on March 4, Standpoint Research downgraded Caterpillar to Hold from Buy. PRICE ACTION: Caterpillar’s shares have traded approximately 14% higher since Q4 results were released in late January, and are up about 23% over the past year. In afternoon trading ahead of Thursday's Q1 report, Caterpillar’s shares are nearly flat.
10:51 EDTCATCaterpillar trends may be better than retail sales suggest, says Wells Fargo
Subscribe for More Information
10:44 EDTCATCaterpillar retail sales of machines for 3 months end March down 12%
Caterpillar disclosed in a regulatory filing earlier that its total retail sales of machines for the 3-month rolling period ended March were down 12%, which was down from an 8% decline reported for the 3-month period ended in February. In the March rolling period, retail machine sales were down 20% in Asia/Pacific, down 21% in EAME, down 21% in Latin America and up 6% in North America. Total Energy & Transportation retail sales for the March end rolling period were up 7%.
April 22, 2014
12:24 EDTCATBofA/Merrill industrial machinery analysts hold analyst/industry conference call
Subscribe for More Information
April 20, 2014
16:53 EDTCATCaterpillar looks to halt production at facility in France, WSJ says
Subscribe for More Information
April 17, 2014
15:07 EDTCHMTChemtura weakness a buying opportunity, says Gabelli
Subscribe for More Information
09:00 EDTCHMTChemtura rises 4.4%
Subscribe for More Information
08:14 EDTCHMTPlatform Specialty Products to host conference call
Subscribe for More Information
07:09 EDTCHMTPlatform Specialty Products to acquire CAS from Chemtura for about $1B
Platform Specialty Products announced that it has entered into a definitive agreement to acquire Chemtura AgroSolutions, or CAS, from Chemtura Corporation (CHMT) for approximately $1B, consisting of $950M in cash, subject to working capital and other adjustments, plus 2M shares of Platform's common stock. The CAS transaction is expected to be funded through a combination of debt and cash on hand. The transaction, which is expected to close in the second half of 2014.
07:05 EDTCHMTPlatform Specialty Products to acquire CAS from Chemtura for about $1B
Subscribe for More Information
06:35 EDTCHMTPlatform Specialty Products to buy Chemtura's agrochemicals unit, WSJ says
Platform Specialty Products (PAH) is expected to announce a deal today to buy Chemtura's (CHMT) agrochemicals business for around $1B, the Wall Street Journal reports, citing sources. The deal is expected to involve around $950M in cash and 2M Platform shares. Reference Link
April 15, 2014
18:02 EDTCHMTGreat Lakes Solutions increases price of TBBA flame retardant 30c/kg.
Great Lakes Solutions, a business of Chemtura, announces a price increase in all regions by up to 30c/kg. for its TBBA, or tetrabromobisphenol A, flame retardant, effective May 1 or as contracts allow.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use