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Stock Market & Financial Investment News

News Breaks
January 29, 2014
12:04 EDTALB, DOW, DDChemical makers Dow, Albemarle rise after reporting results
Shares of two chemical makers, Dow Chemical (DOW) and Albemarle (ALB), are advancing after both companies reported stronger than expected results. DOW RESULTS: Dow Chemical reported its fourth quarter profits and revenue that both exceeded analysts' consensus estimates. The company stated that its volume had risen 2% last quarter versus the same period a year earlier, with volumes increasing in most of its operating segments and geographic areas. Overall demand was healthy last quarter and, as a result, Dow Chemical saw its margins on hydrocarbons increase, the company stated. The chemicals maker reported that the sales of all of its units except Feedstocks and Energy rose last quarter. Dow Chemical expects its earnings before interest, taxes, depreciation and amortization, or EBITDA, to rise to $10 billion in the near-term, up from $8.4 billion on an adjusted basis in 2013. Dow also increased its quarterly dividend by 15% to 37c per share and expanded its authorized share buy-back program to $4.5B from $1.5B. ALBEMARLE RESULTS: Similarly, Albemarle last night reported fourth quarter profits and revenue that surpassed analysts' consensus estimates. Moreover, the company's fiscal 2014 revenue guidance also exceeded analysts' consensus outlook. Albermarle stated that it had benefited from strong growth in its refinery catalyst and clean fuels technologies businesses. The company expects the profits from its catalyst business to increase by double digit percentage levels in 2014, and it expects its earnings from its clean fuels technologies to also rise. PRICE ACTION: In late morning trading, Dow Chemical climbed 3.7% to $44.67, while Albemarle advanced 2.3% to $64.65. Another chemicals maker, Du Pont, (DD) rose 2.85% to $61.27. Du Pont reported stronger than expected results yesterday morning and announced its own $5B share repurchase program.
News For DOW;ALB;DD From The Last 14 Days
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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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11:50 EDTALBAlbemarle hires BofA/Merrill for sale of non-core businesses, says dealReporter
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07:56 EDTDOWDow Chemical management to meet with Deutsche Bank
Field trip to company headquarters in to be held in Midland, MI on March 18 hosted by Deutsche Bank.
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 EDTDOW, DDDuPont 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
17:23 EDTALBAlbemarle to refocus mineral flame retardant portfolio, increase ATH production
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15:47 EDTDDDuPont says Trian proposal not 'meaningful step' toward resolution
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10:01 EDTDOWDow Chemical unit signs long-term agreement with wind farm
As a part of Dow’s Energy Plan and its Sustainability Goals, The Dow Chemical Company has taken another step towards reducing its own carbon “footprint.” Marking milestone progress, Dow’s Energy business has signed a long-term agreement with a new wind farm, currently under development in South Texas by a subsidiary of Bordas Wind Energy, LLC, a joint venture between MAP and Enerverse, LLC. The wind farm, to be complete in 1Q16, will span nearly 35,000 acres, and will supply Dow’s Freeport Texas Manufacturing facility with 200 MW of wind power annually, equivalent to the amount of electricity needed to power more than 55,000 homes. Dow is on track to meet its 2025 renewable energy goal as part of its Sustainability Goal commitments.
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