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Stock Market & Financial Investment News

News Breaks
January 20, 2013
14:12 EDTCMI, SCHN, CAT, AA, MMM, DDChina's declining pool of workers may hamper its recovery, Bloomberg says
China's continued growth trajectory may be hampered by a shortage of workers and resources, says Bloomberg, adding that the country's leaders may have to accept an expansion rate of half the peak of the last decade. Reference Link
News For CMI;SCHN;CAT;AA;MMM;DD From The Last 14 Days
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September 2, 2014
07:27 EDTDDAkzoNobel pitched Carlyle $7B coatings unit, Bloomberg says
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August 31, 2014
21:02 EDTMMM3M completes acquisition of Sumitomo Electric Industries interest in Sumitomo 3M
3M announced that it has completed its acquisition, through Sumitomo 3M, of Sumitomo Electric Industries’ 25% interest in Sumitomo 3M for 90B Japanese Yen, approximately $865M at current exchange rates. 3M is now the sole owner and the business will be known as 3M Japan. Sumitomo 3M was established in 1961 as a joint venture between 3M, Sumitomo Electric Industries and NEC. In 2003, 3M acquired NEC’s 25% stake, which increased 3M’s interest to 75%. On a GAAP-reported basis, 3M estimates the acquisition will add approximately 8c per share to earnings during the first 12 months following closing.
August 29, 2014
07:19 EDTAAAlcoa volatility low as aluminum trades near 18-month high
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August 28, 2014
06:24 EDTDDDuPont to pay $1.28 to resolve toxic gas leak allegations
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August 26, 2014
10:24 EDTAAAlcoa volatility low as aluminum trades at 18-month high
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09:25 EDTDDFarm Progress Companies to hold a show
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09:22 EDTMMM3M reaches group purchasing agreement with Premier, Inc
3M Critical & Chronic Care Solutions announces that it has reached a group purchasing agreement with health care alliance company Premier, Inc. for multiple catheter securement and stability products. In a move aimed at bringing greater economic efficiencies to Premier’s more than 100,000 health care provider members, the new agreement allows them to take advantage of special pricing and terms pre-negotiated by Premier. The purchasing contract covers products including Tegaderm CHG Chlorhexidine Gluconate I.V. Securement Dressings and Tegaderm I.V. Advanced Securement Dressings as well as the 3M PICC/ CVC Securement Device + Tegaderm I.V. Advanced Securement Dressing, a sutureless securement system.
August 25, 2014
09:01 EDTMMM3M Company announces investment in Smart Energy Instruments
3M New Ventures – the corporate venture arm of 3M – announced an equity stake in Toronto-based Smart Energy Instruments, a move that will further accelerate SEI’s efforts in developing electronic chipsets with high-precision, real-time monitoring capabilities for smart grids, as well as give 3M a bigger presence in the energy sector. The investment from 3M New Ventures comes as several existing stakeholders also bolstered their equity in SEI, including Venturelink Funds, ArcTern Ventures and the Ontario Capital Growth Corp. Together, the financing round, led by 3M New Ventures, totaled $5M. Other details of the transaction were not disclosed.
08:31 EDTAAAlcoa to close Portovesme smelter in Italy
Alcoa announced that it intends to permanently close its Portovesme primary aluminum smelter, which has been curtailed since November 2012. The closure will reduce Alcoa’s global smelting capacity by 150,000 metric tons to 3.6 million metric tons per year. The Portovesme smelter was curtailed in 2012 because it was one of the highest cost smelters in the Alcoa system and had limited prospects for becoming competitive. “The fundamental reasons that made the Portovesme smelter uncompetitive unfortunately have not changed,” said Bob Wilt, President, Alcoa Global Primary Products. “We will continue to meet the commitments made to our employees and our stakeholders, acting in good faith as we have always done.” As committed to the government and unions, Alcoa has provided financial social support, along with outplacement and re-employment services for employees. The closure is aligned with Alcoa’s strategy to create a globally competitive commodity business and lower its position on the world aluminum production cost curve to the 38th percentile by 2016. Total restructuring-related charges for third quarter 2014 as a result of the closure are expected to be between $170M-$180M after-tax, or between 14c-15c per share, of which approximately 60% is non-cash.
August 21, 2014
12:12 EDTDDDuPont files patent infringement lawsuit against SunEdison
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07:18 EDTCMIJuly Class 8 sales rose 16% year-over-year, says JPMorgan
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August 20, 2014
10:39 EDTCMI, CATCaterpillar data may be negative for shares in short-term, says Wells Fargo
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10:35 EDTCATCaterpillar reported world Machines sales down 9%
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August 19, 2014
16:00 EDTAAOptions Update; August 19, 2014eBay
iPath S&P 500 VIX Short-Term Futures down 28c to 27.52. Option volume leaders: AAPL C HD PBR GILD AA NFLX TWTR TSLA EBAY according to Track Data.

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