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Stock Market & Financial Investment News

News Breaks
March 11, 2014
13:17 EDTDDDuPont CEO says Performance Chemicals spin-off on track for mid-2015
Speaking at the J. P. Morgan Investor Conference, DuPont Chair and CEO Ellen Kullman reviewed the company's plan to build a higher growth, higher value company for shareholders. Kullman outlined for investors DuPont's strategic and operational priorities that form the framework of its strategy. "DuPont has been executing against its plan for more than five years and it's working," said Kullman. "We have positive momentum with strong positions in secular growth markets. Our portfolio of businesses enables us to leverage our science and market knowledge to create valuable solutions for customers and increased value for shareholders. DuPont has one of the broadest and deepest scientific capabilities of any enterprise. An investment in DuPont is an investment in science, not simply for science's sake, but more as an engine for DuPont growth. Investors can expect that we will increase our rate of innovation and growth from our pipeline, capitalize on our global reach, and continue to deliver cost and asset productivity gains." The company announced in October 2013 that it intends to separate its Performance Chemicals segment by a way of a spin-off to shareholders. Kullman told investors at the conference that the project is on track for completion in the middle of next year.
News For DD From The Last 14 Days
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April 17, 2015
11:38 EDTDDCelanese hits new 52-week high after raising FY15 profit outlook
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April 16, 2015
12:38 EDTDDDuPont solicits bids for Delaware hotel, country club, Bloomberg says
DuPont has begun soliciting bids for its Hotel DuPont and DuPont Country Club in Wilmington, Delaware, reports Bloomberg, citing a person familiar with the auction. The move would dovetail with the wishes of Nelson Peltz' Trian Fund Management, which claims the company should be broken up due to $4B in excess costs. Reference Link
08:24 EDTDDDuPont sends letter to shareholders, urging vote FOR DuPont's 12 directors
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April 14, 2015
07:58 EDTDDDuPont CEO says Peltz wrongly focusing on short-term, WSJ reports
In an interview with The Wall Street Journal, DuPont CEO Ellen Kullman argued that Trian Fund Management's Nelson Peltz is pushing a short-term agenda, stating “Can you cut costs and create a bump short-term? Yes, but where are you going to be in two years, in five years? Do you exist in 10?” Kullman added that Trian lacks the expertise and the patience needed to guide a company whose products may require a decade or more to launch, the Journal added. Reference Link
April 13, 2015
09:53 EDTDDTrian's Garden says 'very confident' in winning DuPont board seats
Ed Garden, Chief Investment Officer of Trian Partners, is speaking on CNBC.
09:52 EDTDDTrian's Garden says something wrong with DuPont R&D spending
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April 9, 2015
08:10 EDTDDDuPont board sends letter to shareholders regarding board constitution
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April 7, 2015
07:00 EDTDDDuPont, proxy advisory firm to meet this month, Reuters reports
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April 6, 2015
18:15 EDTDDDuPont says cost of Trian breakup proposal approximately $4B, WSJ reports
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08:56 EDTDDDuPont expects annual run rate savings of $1B by end of 2015
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