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Stock Market & Financial Investment News

News Breaks
January 28, 2014
08:58 EDTGLWCorning says LCD glass demand continues to be 'good'
Says LCD glass demand driven by good retail demand in Q4 for larger televisions and Chinese New Year. Expects higher price declines in Q1 than in previous quarters, says this is a "one quarter phenomenon". Expects to see volume growth of Gorilla Glass more in line with consumption in 2014. Sees total effective tax rate moving from 17% in 2013 to approximately 22% in 2014. Feels good about the glass market as entering 2014; says inventory levels appear healthy, glass supply seems aligned with demand. Expects another year of glass volume growth at retail. Sees Q1 Optical Communications sales to be up in the mid-teens vs. last year. Sees Q1 environmental sales to be up mid single digits year-over-year. Expects Specialty Materials sales to be consistent year-over-year in Q1. Believes Gorilla Glass volume will be up significantly for the year. Equity earnings from Dow Corning should be up for the total year, however, Q1 will be down versus a year ago. Sees Q1 Life Sciences sales consistent with a year ago. Sees Q1 gross margin almost 45%. Comments made on the Q4 earnings conference call.
News For GLW From The Last 14 Days
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October 1, 2014
17:04 EDTGLWCourt affirms amended reorganization plan for Pittsburgh Corning Corporation
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17:03 EDTGLWPPG Industries' and Corning' Pittsburgh Corning reorganization plan reaffirmed
PPG Industries (PPG) announced that the U.S. District Court for the Western District of Pennsylvania issued a memorandum opinion and order on Sept. 30 affirming confirmation of the current Pittsburgh Corning plan of reorganization. PPG and Corning Incorporated (GLW) are each 50% shareholders of Pittsburgh Corning, which filed for Chapter 11 bankruptcy protection in 2000. Under the plan of reorganization, PPG and its participating insurers are to make their initial payments to the trust 30 business days after the plan becomes effective and all conditions to funding have been met.
September 26, 2014
07:34 EDTGLWKei Advisors to hold a conference
Western New York Investors Conference to be held in Buffalo, New York on September 26.

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