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Stock Market & Financial Investment News

News Breaks
August 21, 2014
12:12 EDTDD, SUNEDuPont files patent infringement lawsuit against SunEdison
DuPont (DD) filed a patent infringement lawsuit against SunEdison (SUNE) and its affiliate NVT LLC in the U.S. District Court for the District of Delaware. In its complaint, DuPont alleges that by sourcing and using photovoltaic cells and solar modules containing Samsung SDI Co., Ltd. front side metallization paste, SunEdison infringes DuPont's patented tellurium paste technology. The complaint also identifies Neo Solar Power of Taiwan as the cell manufacturer and Flextronics as SunEdison's contract manufacturer."DuPont will enforce its patent rights to protect our substantial investment in innovation to improve solar energy efficiency," said Peter Brenner, global photovoltaic business marketing manager, Microcircuit Materials, DuPont Electronics & Communications. "Installers and module makers like SunEdison are responsible for ensuring that their products do not use infringing cells or pastes. Our patented tellurium technology is available only from DuPont; no other photovoltaic paste manufacturer has a license to use our patented technology."
News For DD;SUNE From The Last 14 Days
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December 19, 2014
09:50 EDTDDDuPont appears poised for proxy fight with shareholder Trian, CNBC's Faber says
December 18, 2014
16:30 EDTDDDuPont to record pre-tax charge to earnings of about $315M in Q4
In connection with the redesign initiative, which remains on track, DuPont will record a pre-tax charge to earnings of about $315M in Q4, comprising approximately $160M of employee separation costs, $140M of asset related charges and $15M of contract termination costs. The actions related to Q4 charge are expected to be substantially complete by mid-2016 and will result in future cash payments of approximately $175M, primarily related to the payment of severance and related benefits. Savings from the redesign initiative will include the elimination of stranded costs associated with Chemours and savings realized following the separation. As disclosed on June 26, the redesign initiative is expected to contribute at least $1B in savings and DuPont will continue to identify additional areas of productivity across the organization.
16:28 EDTDDDuPont announces restructuring, spinoff of chemicals company
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16:26 EDTDDDuPont announces restructuring, spinoff of chemicals company
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December 16, 2014
07:42 EDTSUNESunEdison closes $117M solar fund
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December 15, 2014
10:10 EDTSUNESolar stocks could be volatile ahead of ITC/ITA decisions, says Brean Capital
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07:37 EDTSUNESunEdison to invest over $700M to develop 350 MW of solar in Chile
SunEdison (SUNE) announced that the National Energy Commission in Chile has awarded SunEdison a contract to supply 570 gigawatt hours of clean energy a year. SunEdison noted that the National Energy Commission in Chile recently changed the bidding process used to award electricity supply contracts for the regulated market to create a more level playing field across different kinds of energy. With these changes, SunEdison was able to bid on and win supply contracts for 570 gigawatt hours of solar energy. SunEdison was awarded the provision of 190 gigawatt hours per year during the daytime block which begins in 2016 and a further provision of 380 gigawatt hours per during the daytime block which will become operational in 2017. To meet the demand, SunEdison will be investing more than $700M to develop 350 megawatts of utility scale solar photovoltaic power plants throughout the country. The plants will be added to the call right list of TerraForm Power (TERP), a global owner and operator of renewable energy power plants.
December 10, 2014
12:04 EDTDDUSDA lowers 2014/15 soybean ending stock forecast
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08:27 EDTDDDuPont to sell DuPont Performance Polymers to Denka Performance Elastomer
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07:56 EDTDDUBS to hold a conference
Agriculture Investor Day is being held in Chicago on December 10.
07:40 EDTDDBofA/Merrill to hold a conference
2014 U.S. Basic Materials Conference is being held in Boston on December 10-11.

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