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Stock Market & Financial Investment News

News Breaks
July 28, 2013
20:26 EDTADSK, DD, F, OIFord, Autodesk, Owens-Illinois, DuPont are plays EU recovery, Barron's says
Ford (F), Autodesk (ADSK), Owens-Illinois (OI), and DuPont (DD) are ways to play Europe's recovery with U.S. stocks, Barron's reports in a feature article. Reference Link
News For F;ADSK;OI;DD From The Last 14 Days
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May 14, 2015
07:59 EDTADSKAutodesk June volatility elevated into Q1 and outlook
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07:38 EDTDDDuPont upgraded to Neutral at BofA/Merrill
As previously reported, BofA/Merrill upgraded DuPont to Neutral from Underperform. The firm expects DuPont to emerge from the recent proxy battle as a stronger, leaner company and views risk-reward as more balanced. Price target is $76.
06:58 EDTDDDuPont pullback a buying opportunity, says Deutsche Bank
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06:28 EDTDDDuPont upgraded to Neutral from Underperform at BofA/Merrill
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May 13, 2015
16:23 EDTOI, DDOn The Fly: Top stock stories for Wednesday
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16:06 EDTDDOptions Update; May 13, 2015
iPath S&P 500 VIX Short-Term Futures down 38c to 20.67. Option volume leaders: AAPL CSCO NTI FB CSX BABA EIX BAC DD WMB TSLA JCP QCOM DAL
12:39 EDTDDOn The Fly: Top stock stories at midday
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10:07 EDTOIHigh option volume stocks
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10:04 EDTDDDuPont drops after winning proxy fight with Trian Partners
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09:56 EDTDDEquity options with increasing volume
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08:51 EDTDDTrian says 'appears Trian nominees not elected to DuPont board'
Trian Fund Management, L.P., one of the largest stockholders of E. I. du Pont de Nemours and Company, which beneficially owns approximately 24.6 million DuPont shares, said it appears that the Trian nominees were not elected to the DuPont Board at todayís Annual Meeting of Stockholders. Trian issued the following statement: "Trianís involvement in DuPont over the past two years has created substantial value for all stockholders. We are proud of the quality of our analysis and the role we have played as a positive change agent at DuPont. Since we first invested in mid-2013, DuPont has upgraded its Board of Directors, authorized a $5 billion share buyback, begun a long-overdue cost cutting initiative, improved the design of its executive compensation program, and announced the separation of Chemours with a $4 billion return of capital. We donít believe these actions would have happened without our involvement. The vote was close. We greatly appreciate the support we received from the vast majority of institutional stockholders and mutual funds as well as the leading proxy advisory firms, who all recognize the need for change at DuPont. DuPontís Board and management team have staked their reputations on executing the Companyís current strategy. Our efforts have created appropriate pressure to prove this strategy can actually deliver high quality and consistent earnings growth. Regardless of the voting results, we believe that going forward, DuPont stockholders will be less tolerant of continued missed earnings guidance, extraordinary charges, value-destructive acquisitions and divestitures, executive compensation that is not aligned with performance, and operating metrics such as revenue growth and margins that fail to meet DuPontís own targets. We will continue to closely monitor DuPontís performance.Ē
08:31 EDTDDDuPont seen winning close proxy fight, CNBC's Faber reports
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08:29 EDTDDDuPont seen winning proxy fight, CNBC's Faber reports
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07:46 EDTOIOwens-Illinois sees Vitro deal adding 30c-40c to EPS in Year 1
Sees acquisition of Vitro's food & beverage glass container business leading to EPS accretion of about 50c in Year 3, as synergies are realized. Sees expected FCF accretion of >$100M by Year 3. Sees deal closing within 12 months, subject to Vitro shareholder approval and customary regulatory approvals. Sees $30M annual savings run rate expected by Year 3. Says "highly confident" in achieving synergies. Comments from slides discussing the deal to buy Vitro's food & beverage glass container business for $2.15B.
06:37 EDTOIOwens-Illinois to acquire Vitro's food and beverage business for $2.15B
Owens-Illinois announced that it has reached a definitive agreement with Vitro, S.A.B. de C.V. to acquire Vitro's food and beverage glass container business in an all-cash transaction valued at approximately $2.15B. The transaction, which has been approved by the boards of both companies, is subject to approval by Vitro's shareholders and customary regulatory approvals. The deal is expected to close within 12 months. The agreement includes Vitro's five plants in Mexico and one in Bolivia, which together employ 4,700 people. The current leadership of Vitro's food and beverage glass container business will remain in place following the transaction close. The acquired business is expected to generate estimated annual revenue of $945M and adjusted EBITDA of $278M. Further, O-I expects to realize approximately $30M in run-rate cost synergies by 2018 through a combination of procurement savings and operating efficiencies. The transaction is expected to be accretive to cash flow and earnings per share in the first year after closing.
May 12, 2015
05:26 EDTDDDuPont issues statement regarding Trian's statements
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May 11, 2015
12:28 EDTDDPeltz says 'we don't even think of not winning' DuPont proxy contest
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12:24 EDTDDPeltz says chances for last minute deal with DuPont 'dim'
Nelson Peltz says he wants to be collaborative with DuPont, adding that he is restricted in his comments about DuPont due to legal reasons as his proxy fight with the company continues. Peltz, however, said the prospects for a last minute settlement with DuPont are "very dim" and that his last talks with DuPont were weeks ago. Peltz said he and Trian are committed to maintaining R&D levels at DuPont. Nelson Peltz of Trian Fund Management is speaking on CNBC.
11:32 EDTDDDuPont indicates support from CalPERS, others for board nominees
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May 10, 2015
15:28 EDTFFord Venezuela to only sell vehicles in U.S. dollars, Reuters says
Ford's Venezuelan unit will sell vehicles exclusively in dollars beginning late June, Reuters reported Friday, citing two sources familiar with the situation. The country's currency control system has created difficulties converting vehicle sales to dollar revenue, noted Reuters. Reference Link
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