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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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March 25, 2015
08:20 EDTDDTrian files definitive proxy statement for DuPont annual meeting
Trian Fund Management, L.P., one of the largest stockholders of DuPont, which currently beneficially owns approximately 24.6 million DuPont shares valued at approximately $1.8B, filed a definitive proxy statement with the SEC for the election of Nelson Peltz, John H. Myers, Arthur B. Winkleblack and Robert J. Zatta to DuPontís Board of Directors at the Annual Meeting of Stockholders on May 13. Trian also today released ďMeet Trianís Nominees,Ē videos which introduce Trianís four highly qualified director candidates and highlight their decades of relevant experience and track records of stockholder value creation that would benefit DuPont. The videos also detail how Trian works collaboratively with boards and management teams, and why that makes a difference for stockholders. The nominees discuss their view that DuPont must improve operating performance, increase accountability to stockholders, tie pay directly to performance, and be more transparent, among other topics.
March 23, 2015
11:21 EDTDDOrigin Agritech shares spike higher after report of possible takeover interest
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06:22 EDTDDDuPont 'strongly recommends' holders to vote the WHITE proxy card
DuPont announced that it has filed definitive proxy materials with the SEC in connection with DuPont's Annual Meeting of Shareholders, which is scheduled to be held on May 13. DuPont shareholders of record as of the close of business on March 17 will be entitled to vote at the Annual Meeting. The DuPont board strongly recommends that shareholders vote on the WHITE proxy card "FOR" all 12 of DuPont's directors. In conjunction with the definitive proxy filing, DuPont is mailing a letter to shareholders detailing the significant progress and accomplishments achieved under the leadership of the DuPont board and management team. The letter also addresses Trian Fund Management's high risk agenda for DuPont to break itself up and add excessive debt to the company, which the DuPont board has carefully reviewed and determined would destroy value.
March 22, 2015
16:22 EDTDDChina looks to develop seed program to fend off foreign competition, WSJ says
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March 20, 2015
09:24 EDTDDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ctrip.com (CTRP), up 20.1%... Rally Software (RALY), up 17.3%... Nike (NKE), up 5.2%... Darden Restaurants (DRI), up 4.3%... Cheetah Mobile (CMCM), up 3.6%. ALSO HIGHER: Prothena (PRTA), up 40.2% after reporting positive results from Phase 1 study of PRX002... Viggle (VGGL), up 26.9% after confirming receipt of offer from chairman and CEO Robert Sillerman... Intercept Pharmaceuticals (ICPT), up 8.5% after announcing new data analyses from FLINT trial... Biogen Idec (BIIB), up 9.7% after presenting positive interim results from study of aducanumab... Pier 1 Imports (PIR), up 5.2% after being upgraded to Outperform from Perform at Oppenheimer... JinkoSolar (JKS), up 2.8% after announcing that it will supply 75 MWdc of its PV solar modules to Red Horse 2 project and following a strategic collaboration agreement with DuPont (DD). DuPont is up just under 1%. DOWN AFTER EARNINGS: AK Steel (AKS), down 6.8%... Youku Tudou (YOKU), down 4.9%... Tiffany (TIF), down 3.3%. ALSO LOWER: Macerich (MAC), down 7.7% after Simon makes $95.50 per share "best and final" offer.
07:06 EDTDDJinkoSolar and DuPont sign strategic collaboration agreement
JinkoSolar (JKS) announced that it has signed a strategic collaboration agreement with DuPont (DD), which reflects the companies' interests in furthering the growth and adoption of efficient and reliable solar generated electricity. Areas of potential collaboration include technical development efforts to support continued improvements in the efficiency, durability and reliability of solar cells and panels, including through development and supply of advanced materials including DuPont Solamet PV19x series photovoltaic metallization pastes and DuPont Tedlar polyvinyl fluoride films, as well as co-marketing collaborations aimed at promoting the broader and faster adoption of solar energy to help address the world's growing energy needs.
March 18, 2015
13:19 EDTDDDuPont management to meet with Piper Jaffray
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March 17, 2015
13:39 EDTDDDuPont breaks below its 50-day moving average, levels to watch
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05:50 EDTDDStocks with implied volatility movement; DD NFLX
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March 16, 2015
14:24 EDTDDDuPont near session low, levels to watch
The shares were downgraded earlier at BofA/Merrill to Underperform, but the firm maintained its $76 price target. At the current price of $77.35 the stock is at the low of its price channel, but has not breached. Support below current price is at $75.52, the 50-day moving average. Resistance is at $78.08.
11:58 EDTDDDuPont retreats after Bank of America two notch downgrade to sell
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10:02 EDTDDOn The Fly: Analyst Downgrade Summary
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09:31 EDTDDPeltz says open to discussing 'realistic settlement' with DuPont
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09:22 EDTDDOn The Fly: Pre-market Movers
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07:38 EDTDDDuPont downgraded at BofA/Merrill
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06:44 EDTDDDuPont downgraded to Underperform from Buy at BofA/Merrill
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March 13, 2015
15:47 EDTDDDuPont says Trian proposal not 'meaningful step' toward resolution
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