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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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September 18, 2014
07:37 EDTDDDuPont break up no 'sure shot' for Trian, WSJ says
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06:33 EDTDDDuPont upgraded to Overweight from Neutral at JPMorgan
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06:18 EDTDDDuPont upgraded to Overweight from Neutral at JPMorgan
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September 17, 2014
16:25 EDTDDOn The Fly: Closing Wrap
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13:10 EDTSUNEChinese solars advance after analysts upbeat on space
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12:22 EDTDDOn The Fly: Midday Wrap
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09:45 EDTDDDuPont trades higher after Trian Fund Management urges spin-offs
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09:10 EDTDDOn The Fly: Pre-market Movers
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09:03 EDTDDTrian requested one DuPont board seat this summer, CNBC reports
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08:22 EDTDDDuPont issues statement regarding Trian
In response to the letter from Trian Fund Management sent earlier this morning, DuPont issued the following statement: "Our board of directors and management team have taken firm action over several years that has delivered 220 percent total shareholder return since year-end 2008, compared to 144 percent for the S&P 500 during the same period, by aggressively deploying our leading science across the company, strengthening and fine-tuning our portfolio, and through disciplined capital allocation. The board and management team remain committed to executing on our strategic plan to drive growth and profitability. The recently announced first phase of our redesign initiative to drive down costs by $1 billion and embed greater efficiencies, together with the separation of Performance Chemicals and our $5 billion share repurchase program, reflect our board and management's commitment to enhance value for all DuPont shareholders. DuPont welcomes open communications with shareholders and values input toward our common goal of enhancing shareholder value. We speak and meet with shareholders frequently, and while it is our policy not to comment on discussions with specific shareholders, we have had a constructive dialogue with Trian."
08:18 EDTSUNECanadian Solar price target raised to $45 from $40 at FBR Capital
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07:00 EDTDDTrian Partners calls for further initiatives to optimize long-term value
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06:53 EDTDDWhite House says companies taking steps to reduce HFCs emissions
The Obama Administration yesterday announced new private sector commitments and executive actions to reduce emissions of hydroflourocarbons, or HFCs, powerful greenhouse gases that contribute to climate change, the Shite House stated. Coca-Cola (KO) has set a goal for 100 percent of its newly purchased cold drink equipment to be HFC-free, .while DuPont (DD),, announced that its new products are anticipated to reduce greenhouse gas content of refrigerants by some 90M tons carbon dioxide equivalent in the U.S., and 245M tons worldwide by 2025, the White House noted. Honeywell (HON) plans to transition the majority of its high-GWP HFC production to new low-GWP production, while Johnson Controls (JCI) committed to using the lowest GWP option for each application that best fits the needs of its customers from the standpoint of safety, efficiency, reliability, availability, and economy, according to the White House Johnson Controls also commits to spend $50M over the next three years to develop new products and improve and expand its existing low-GWP portfolio.
06:51 EDTDDTrian Partners says DuPont should separate into GrowthCo and CyclicalCo/CashCo
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06:06 EDTDDTrian Partners says DuPont's structure 'destroying shareholder value'
Trian Fund Management, L.P., whose investment funds beneficially own approximately $1.6B of the outstanding shares of DuPont, said it has sent a letter to the bomard analyzing how DuPontís conglomerate structure is destroying shareholder value. The letter and accompanying White Paper Summary also detail initiatives DuPont should take that Trian believes could significantly improve DuPontís financial performance and double the value of its common stock within three years. Trian plans to meet with DuPont shareholders to present its analysis and strongly recommends that the DuPont Board meet shareholders without management present to hear their views. In the letter, Trian said, "While we applaud the announced spin-off of Performance Chemicals, the Fresh Start initiative and the $5 billion share buyback authorization, we believe strongly that, by themselves, these moves are not enough to optimize shareholder value. We would have preferred to continue working privately with management and the Board, but it is now clear that the Board is not willing to hold management accountable for continuing underperformance and repeated failures to deliver promised revenue and earnings targets. Therefore, we can no longer be silent as DuPont continues to struggle to execute what we are convinced is a flawed business plan, especially as we have a solution that we believe could double the value of DuPontís shares over the next three years."
05:58 EDTDDTrian wants DuPont to spin off agriculture, nutrition units, WSJ reports
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September 15, 2014
17:33 EDTSUNESunEdison, TerraForm announce interconnection of 50 Megawatts solar projects
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September 11, 2014
12:03 EDTDDUSDA raises U.S. corn yield forecast to record
In its monthly World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture's corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Although a record, usage is expected up just 5 million bushels from 2013/14 as export prospects remain constrained by large foreign carryin stocks, the USDA wrote. Publicly traded companies in the agriculture space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT).
September 10, 2014
09:22 EDTSUNEOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
07:04 EDTSUNEGoogle to provide $145M investment in SunEdison's Regulus solar plant
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