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Stock Market & Financial Investment News

News Breaks
January 29, 2014
12:04 EDTDOW, DD, ALBChemical 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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April 21, 2015
10:00 EDTDDDuPont sees potential for accelerated share repurchases for Chemours dividend
DuPont said it is determining what tool and mechanism to use to complete its share buyback related to Chemours, potentially using an ASR, noting there's also the potential for open market purchases. DuPont repeated that it expects to return to shareholders substantially all of the approximately $4B of one-time dividend proceeds from the spin-off of Chemours within 12-18 months of the separation.
09:26 EDTDDDuPont sees Q2 Performance Chemicals sales, operating earnings to be flat
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09:25 EDTDDDuPont sees Q2 Industrial Biosciences sales about flat
In Industrial Biosciences, DuPont anticipates higher volumes will be offset by the negative impact of currency and softer U.S. biomaterials sales, resulting in Q2 sales that are about flat and operating earnings even with the prior year. In Nutrition and Health, sales are xpected to be high-single digits percent lower in Q2 as volume growth is more than offset by strong currency headwinds. Operating earnings in Nutrition and Health are expected to be low-teens percent lower primarily due to the negative impact of currency. In Agriculture, Q2 sales are seen mid-single-digits percent lower and operating earnings are expected to be down low-to-mid-single digits percent.
09:22 EDTDDDuPont sees Q2 Safety & Protection sales down mid-single digits percent
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09:21 EDTDDDuPont sees Q2 Electronics & Communications sales down about low-teens percent
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09:20 EDTDDDuPont sees Q2 Performance Materials sales down about 'low-teens' percent
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06:09 EDTDDDuPont reports sees Chemours spinoff on track for middle of FY15
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06:06 EDTDDDuPont sees FY15 EPS at low end of $4.00-$4.20, consensus $4.05
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06:04 EDTDDDuPont reports Q1 EPS $1.34, consensus $1.31
Reports Q1 revenue $9.17B, consensus $9.41B.
06:02 EDTDDDuPont raises Q2 dividend to 49c per share from 47c per share
DuPont declared a Q2 common stock dividend of 49c per share payable June 12, to stockholders of record May 15. This represents a 4% increase over the 47c paid last quarter. The dividend is payable July 24, to stockholders of record July 10.
April 20, 2015
15:37 EDTDDNotable companies reporting before tomorrow's open
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15:03 EDTDDDuPont technical comments before earnings
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April 17, 2015
11:38 EDTDD, DOWCelanese hits new 52-week high after raising FY15 profit outlook
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08:01 EDTDOWFord, DowAska to jointly develop carbon fiber for light-weighting applications
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April 16, 2015
17:10 EDTALBAlbemarle, partners find ways of improving FCC catalyst effectiveness
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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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