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Stock Market & Financial Investment News

News Breaks
November 29, 2012
07:57 EDTTX, LYB, SI, EMN, GE, MMM, DOW, AKZOY, MT, DDEU groups warn on rising gap in energy costs with U.S. rivals, FT says
Two leading European business groups, Orgalime and Ceemet, say the EU’s focus on driving renewable energy use has led to sharp increases in energy costs in Europe, while the U.S. has benefited from the shale gas revolution, driving a growing gap in energy costs that endangers all EU industries, according to Financial Times. Reference Link
News For DOW;SI;DD;MMM;LYB;MT;GE;TX;AKZOY;EMN From The Last 14 Days
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December 12, 2014
11:57 EDTGEGeneral Electric increases dividend 5% to 23c from 22c
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11:57 EDTGEGeneral Electric increases dividend 5% to 23c from 22c
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December 11, 2014
11:42 EDTDOWStocks with call strike movement; DOW F
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09:30 EDTEMNEastman Chemical sees 8%-12% EPS growth 2014-2017
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08:29 EDTMMM3M Company December volatility elevated into 2015 Outlook Meeting
3M Company December call option implied volatility is at 22, January and April is at 17; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement into its 2015 Outlook Meeting on December 16.
06:55 EDTMMM3M Company to host 2015 outlook meeting
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December 10, 2014
16:00 EDTDOWOptions Update; December 10, 2014
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12:04 EDTDDUSDA lowers 2014/15 soybean ending stock forecast
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09:02 EDTMMM3M Company, Whitepeaks Dental Solutions settle dental ceramics coloring suit
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08:27 EDTDDDuPont to sell DuPont Performance Polymers to Denka Performance Elastomer
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08:04 EDTGEGE Energy Financial Services, Pacifico to build second joint solar project
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07:56 EDTDD, DOWUBS to hold a conference
Agriculture Investor Day is being held in Chicago on December 10.
07:40 EDTLYB, DDBofA/Merrill to hold a conference
2014 U.S. Basic Materials Conference is being held in Boston on December 10-11.
December 9, 2014
16:00 EDTDOWOptions Update; December 9, 2014
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December 8, 2014
07:43 EDTEMNEastman Chemical remains a top pick, says UBS
UBS said Eastman Chemical remains a top pick as it continues to transform its portfolio mix. The firm expects acquired businesses to be accretive and does not believe its multiple reflects the company's transformation via M&A. UBS reiterates its Buy rating and raised its price target to $92 from $90 on Eastman Chemical shares.
December 5, 2014
12:08 EDTEMNEastman Chemical sees Taminco acquistion accretive to FY15, FY16 earnings
Eastman Chemical (EMN) announced the completion of its acquisition of Taminco (TAM), a global specialty chemical company, for a total of $2.8B in cash and assumed debt. The acquired Taminco businesses are expected to be accretive to 2015 earnings per share by greater than 35c, excluding acquisition-related costs and charges, and to 2016 earnings per share by greater than 60c. Taminco's former Specialty Amines and Crop Protection businesses will be operated as part of the Additives & Functional Products segment and its former Functional Amines business will be operated as part of the Specialty Fluids & Intermediates segment. Taminco stockholders are entitled to receive $26.00 in cash for each share of Taminco common stock. Taminco's common stock has been delisted from trading on the New York Stock Exchange.
10:00 EDTEMNOn The Fly: Analyst Downgrade Summary
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08:31 EDTDOWDow Chemical to sell global Sodium Borohydride business to Vertellus
The Dow Chemical Company has signed definitive agreements to sell its global Sodium Borohydride business to Vertellus Specialty Materials LLC and its polyolefin films plant in Findlay, Ohio to Valfilm North America, a wholly-owned subsidiary of VALGROUP Packaging Solutions. Both transactions are expected to close in the first quarter of 2015 pending regulatory approvals. Combined proceeds from the transactions total approximately $225M. Dow had previously announced its intent to divest its Sodium Borohydride business on Oct. 2, 2014, as part of the Company’s ongoing focus to maximize value across its integrated portfolio by reducing exposure to non-strategic businesses and assets. Both transactions are part of Dow’s ongoing drive to deliver $7B-$8.5B in gross proceeds by mid-2016. The divestiture of Sodium Borohydride includes a manufacturing facility located in Elma, Washington, the associated business, inventory, customer contracts and lists, process technology, business know-how and certain intellectual property. Approximately 75 employees globally are expected to transition employment status to Vertellus as part of the transaction. Under the terms of the purchase agreement, Vertellus will honor customer and supplier contracts and related agreements. The sale of the Findlay plant includes assets and technology that produce a wide-variety of polyolefin films. In September 2014, Dow decided to close the facility at the end of January 2015, impacting approximately 70 employees. Valfilm intends to restart the facility in February 2015. The transaction is dependent on the final approval for all incentives by the State of Ohio.
07:08 EDTEMNEastman Chemical downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Eastman Chemical to Neutral saying the company's hedges will offset some of the positive impact from lower raw material prices. The firm lowered its price target for shares to $80 from $90.
06:26 EDTGEAres Management and GE Capital provide debt package to fund Open GI acquisition
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