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Stock Market & Financial Investment News

News Breaks
February 17, 2014
18:10 EDTDRCDresser-Rand announces plans to suspend operations at facilities in Spain
Dresser-Rand announced that it is planning to suspend operations at its pig manure treatment facilities in Spain as a result of the potential implementation of a new Spanish regulation that, if adopted, would significantly reduce beneficial tariffs for its plants in Spain. It stated, "In view of the pending change in the tariffs, the Company has decided to suspend the operations at its six facilities, although discussions with the Spanish government are ongoing." If the draft regulation is enacted as proposed, or in the event of no material change in the status of the proposed regulation before the company files its 2013 Form 10-K, the company would be required under U.S. GAAP to reduce 2013 operating income by approximately $25M due to the retroactive reduction of the tariffs and up to approximately $50M due to asset impairments. Without taking into account the possible impact of the proposed regulation, 2013 revenues and operating income associated with the six facilities is estimated to be approximately $138M and $5.7M, respectively.
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March 31, 2015
07:33 EDTDRCEner-Core provides update on progress with Dresser-Rand, Pacific Ethanol
Ener-Core (ENCR) released an update on its pending sale to Dresser-Rand (DRC) of two Ener-Core Power Oxidizers that will be coupled with the Dresser-Rand KG2-3GEF two-megawatt gas turbine generators for Pacific Ethanolís (PEIX) Stockton, CA plant. On March 17, Ener-Core received a non-binding notification letter from Dresser-Rand noting Dresser-Randís intent to issue a formal purchase order for $2.1M pursuant to the Supply Agreement terms of the Commercial License Agreement that it signed with Ener-Core in November 2014. The letter characterizes the agreement with Pacific Ethanol as ďa huge milestone and a great opportunity to demonstrate the importance of the Ener-Core power oxidizer,Ē and states that the Dresser-Rand project team has already engaged and is working with the Ener-Core team. The Letter of Intent also notes that the formal purchase order to Ener-Core is contingent upon a successful SSAT as defined in the CLA and scheduled to be conducted in June, after which time Dresser-Rand has agreed to issue the purchase order. Pacific Ethanol announced its agreement with Dresser-Rand in January, to install a cogeneration system including two of Ener-Coreís Power Oxidizers to convert waste gas from ethanol production into electricity and steam. This agreement followed Ener-Coreís November 2014 entrance into a global licensing agreement with Dresser-Rand to develop and market the Dresser-Rand KG2-3GEF gas turbine coupled with the Ener-Core oxidizer.
March 27, 2015
12:19 EDTDRCDresser-Rand volatility elevated on European Commission antitrust investigations
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March 26, 2015
10:30 EDTDRCOptions with decreasing implied volatility
Options with decreasing implied volatility: ASPS WLL WBAI CTRP FIVE LINE DRC RHT LULU APOL
March 25, 2015
10:48 EDTDRCEU suspends Siemens-Dresser-Rand deal investigation, Reuters reports
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March 19, 2015
11:08 EDTDRCDresser-Rand drops 2% after German magazine highlights integration issues
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11:07 EDTDRCDresser-Rand, Siemens integration not smooth, Manager Magazin says
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