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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 EUís 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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January 26, 2016
09:43 EDTMMM3M 'willing and open' to consider more M&A
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09:28 EDTDDCorning sees Q1 global economic headwinds to continue in Q1
Corning's (GLW) management said that volume in Q1 will reflect the weaker retail market. Management said that Q1 will be the weakest quarter in the fiscal year. The company sees glass market volumes to be down mid-to-high single digits. The company expects glass market volume growth to begin in Q2. The company sees prices to decline moderately sequentially in Q1. The company sees its optical communications segment up low-to-mid single digits. The company sees environmental sales down approximately 10% in Q1. Corning expects its special materials segment sales down mid teens. The company expects its life sciences sales up low-single digits. Dow Corning, Corning's joint venture with Dow Chemical (DD), equity earnings are expected to be approximately $45M in Q1. Corning sees core gross margin approximately 41% of sales in Q1. Guidance provided during Q4 earnings conference call.
09:20 EDTGEGE signs EUR40M agreement with PGE to modernize Polish power plant
GE's Power Services business announced it has secured orders valued approximately at EUR40M with PGE Gornictwo i Energetyka Konwencjonalna S.A. to upgrade generator and steam turbine assets at the Turow Power Plant. The upgrades will result in a combined 45-megawatt output increase, which is the equivalent of powering about 130,000 Polish households. Under the terms of the agreement with PGE GiEK S.A., GE will upgrade three 50WT20H-100 generators and three 13CK230 steam turbines to extend equipment lifetime by at least 150,000 hours-about 20 years-and increase the availability of the turbosets to 97 percent in the first year of operation and above 98 percent in the next year. The upgrade is expected to increase power output by 45 MW and improve power plant efficiency by approximately 1.4 percent. The upgrade of the generator rotors and the manufacturing of new rods will take place in GE's generator factory in Wroclaw, Poland. The steam turbine upgrade includes the delivery of new HP, IP and LP turbine inner modules, which will be manufactured in GE's turbine factory in Elblag, Poland. The upgrade is scheduled to begin with the shutdown of the first unit in April 2017, and the commissioning of the last unit is scheduled for January 2020.
09:17 EDTMMM3M sees FY16 CapEx $1.3B-$1.5B
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08:29 EDTDDDuPont sees Agriculture Q1 sales down about 10%
In Agriculture, DuPont sees Q1 sales down about 10%, as local price gains are more than offset by lower crop protection and soybean volumes and currency; volumes will be more challenged in the first quarter due to the strong start in North America corn seed which benefited the fourth quarter of 2015. Sees Q1 segment operating earnings down low-twenty percent as local price gains are more than offset by lower volumes and currency. For full year, sees Agriculture sales down mid-single digits percent, as local price gains are more than offset by currency and lower crop protection and soybean volumes, with operating earnings about flat as local price gains and cost reductions and productivity are offset by currency and lower volumes; Sees FY Agriculture operating earnings up about 10% excluding currency.
08:26 EDTDDDuPont sees Q1 Performance Materials sales down high-single digits
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08:24 EDTDDDuPont sees Q1 Safety & Protection sales down in the mid teens percent
For Safety & Protection, DuPont sees Q1 sales to decline in the mid teens percent vs. prior year, with operating earnings down high teens percent, reflecting cost reductions and continued productivity more than offset by the impact of lower sales and currency. Sees full year segment sales down by the low single digits percent, with volume growth offset by currency, and operating earnings up mid teens percent.
08:22 EDTDDDuPont sees Q1 Electronics & Communications sales down mid-teens percent
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08:20 EDTDDDuPont sees Q1 Nutrition & Health sales down low-single digits
For Nutrition & Health segment, DuPont sees Q1 sales down low-single digits percent as volume growth is more than offset by the negative impact of currency. Sees Q1 operating earnings for the segment up low-single digits percent, as cost reductions and continued productivity more than offset the impact of currency. Sees Nutrition & Health segment full year sales down low-single digits percent, as volume growth is more than offset by the negative impact of currency. Sees full year operating earnings for the segment up high-teens percent, as cost reductions and continued productivity more than offset the impact of currency.
08:17 EDTDDDuPont sees Industrial Biosciences sales growth in low single digits in Q1
For Industrial Biosciences, DuPont sees modest volume growth in bioactives to be offset by unfavorable currency, resulting in sales growth in the low single digits percent vs. last year. Sees Q1 Industrial Biosciences operating earnings down by the mid single digit percent as cost reductions and continued productivity are expected to be more than offset by higher input costs and currency. For the full year in Industrial Biosciences, DuPont sees sales up low single digits on stronger volume and price, partly offset by currency. Sees segment operating earnings flat, with cost reductions offset by higher product costs and currency.
07:48 EDTDOW, DDDuPont repeats call for Dow Chemical merger to close in second half of 2016
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07:32 EDTMMM3M still sees FY16 EPS $8.10-$8.45, organic local currency sales growth 1%-3%
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07:32 EDTMMM3M affirms FY16 performance expectations
07:31 EDTMMM3M reports Q4 EPS $1.80 ex-restructuring charge, consensus $1.94
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07:22 EDTDDDuPont sees $1.3B cash used for normal dividends, $2B for repurchases in 2016
Among its expected uses of cash for 2016, DuPont lists $1.3B for normal dividends, $2B for its share repurchase program, to be use during 2nd half 2016 open trading windows, and capex spend estimated to be $1.1B. In 2016, DuPont assumes global GDP growth of 2%, industrial production growth of 2% and for the U.S. dollar to be stronger against most currencies. Guidance from slides for Q4 earnings call presentation.
07:02 EDTMMMInternational Exposition Company to hold an expo
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06:22 EDTDDDuPont sees FY16 operating EPS $2.95-$3.10, consensus $3.15
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06:22 EDTDDDuPont says actions for 2016 cost savings plan underway
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06:21 EDTDDDuPont says cost reductions from operational redesign contributed 10c to Q4
Cost reductions from operational redesign contributed an incremental $0.10 per share to fourth-quarter operating earnings.
06:20 EDTDDDuPont reports Q4 operating EPS 27c, consensus 26c
Reports Q4 revenue $5.3B, consensus $5.39B.
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