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Stock Market & Financial Investment News

News Breaks
May 29, 2014
13:55 EDTGLWCorning sees profitable top line growth in 2014
Earlier, at the Sanford C. Bernstein Strategic Decisions conference, Corning CEO Wendell Weeks said the company can sustain momentum in 2014 despite additional price declines in LCD glass seen in recent quarters. The CEO continued, "we expect continued earnings growth and strong cash flow that helps support the option for additional dividend and share buybacks." Weeks added that Corning expects profitable top line growth in 2014 and for the next several years.
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June 30, 2015
07:38 EDTGLWCorning agrees to purchase pharmaceutical glass tubing business for EUR 196M
Corning announced that it has reached a definitive agreement with Gerresheimer AG to acquire its pharmaceutical glass tubing business for EUR 196M. The deal is expected to be completed by year-end, subject to customary closing conditions, including receipt of regulatory approvals.
June 16, 2015
10:01 EDTGLWOn The Fly: Analyst Upgrade Summary
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06:42 EDTGLWCorning upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital upgraded Corning to Outperform with a $26 price target based on the pending 4K upgrade cycle, accelerating Optical growth, strong cash returns, and improving CY16 earnings growth. The firm believes attractive pricing for 4K TVs could be an upgrade catalyst which will benefit Display and an acceleration in datacenter spending will drive Optical.

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