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Stock Market & Financial Investment News

News For HON;DD;GM;DDAIF From The Last 14 Days
Check below for free stories on HON;DD;GM;DDAIF the last two weeks.
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September 17, 2014
06:51 EDTDDTrian Partners says DuPont should separate into GrowthCo and CyclicalCo/CashCo
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06:06 EDTDDTrian Partners says DuPont's structure 'destroying shareholder value'
Trian Fund Management, L.P., whose investment funds beneficially own approximately $1.6B of the outstanding shares of DuPont, said it has sent a letter to the bomard analyzing how DuPontís conglomerate structure is destroying shareholder value. The letter and accompanying White Paper Summary also detail initiatives DuPont should take that Trian believes could significantly improve DuPontís financial performance and double the value of its common stock within three years. Trian plans to meet with DuPont shareholders to present its analysis and strongly recommends that the DuPont Board meet shareholders without management present to hear their views. In the letter, Trian said, "While we applaud the announced spin-off of Performance Chemicals, the Fresh Start initiative and the $5 billion share buyback authorization, we believe strongly that, by themselves, these moves are not enough to optimize shareholder value. We would have preferred to continue working privately with management and the Board, but it is now clear that the Board is not willing to hold management accountable for continuing underperformance and repeated failures to deliver promised revenue and earnings targets. Therefore, we can no longer be silent as DuPont continues to struggle to execute what we are convinced is a flawed business plan, especially as we have a solution that we believe could double the value of DuPontís shares over the next three years."
05:58 EDTDDTrian wants DuPont to spin off agriculture, nutrition units, WSJ reports
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September 16, 2014
16:35 EDTHONHoneywell coverage resumed with a Buy at Stifel
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13:09 EDTGMGeneral Motors to add third shift, 750 jobs at Wentzville Assembly plant
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12:19 EDTGMGM ups U.S. mid-sized pickup production, Reuters says
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11:03 EDTHONHoneywell ups production of low-global-warming materials
Honeywell announced that it will increase production of its low-global-warming-potential refrigerants, insulation materials, aerosols and solvents, and, prior to 2020, will drive a 50% reduction in its annual production of high-GWP hydrofluorocarbons on a CO2 equivalent basis. The company projects that use of its low-GWP Solstice HFC replacements will eliminate more than 350 million metric tons in CO2 equivalents by 2025. The company and its suppliers anticipate spending nearly $900M in R&D and new capacity, mainly in the U.S., in the coming years to produce next-generation refrigerants, insulation materials, aerosols and solvents, which have global warming potentials equal to or better than carbon dioxide and at least 99% lower than most technologies used today. Honeywell has invested nearly $350M to date and today announced that it and its suppliers plan to spend approximately $550M more to support the new products.
08:46 EDTGMGeneral Motors concerns about Ford's new F-Series are overdone, says Goldman
Goldman believes concerns about Ford's new F-Series impact on General Motors is overdone. The analyst said investors are underestimating F-150 capacity constraints if the launch is successful, which will limit General Motors share loss.
07:26 EDTGMUltima Media to hold a conference
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06:54 EDTGMGM's Opel realigns Russian operations
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06:43 EDTGMNHTSA exec knocks GM for distorted recall protocol, Reuters says
The acting administrator of the National Highway Traffic Safety Administration David Friedman said that GM placed its own reputation before customer safety when it did not quickly report and recall vehicles that are now connected to at least 19 deaths, according to Reuters, citing comments from Friedman. Friedman said that he has been meeting with top worldwide car manufactures to develop a "new normal" for safety recall protocol. Reference Link
06:38 EDTGMGM Opel unit to reduce production in Russia, Reuters says
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06:30 EDTGMNHTSA chief calls for 'new normal' for recalls, Detroit News reports
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September 15, 2014
11:48 EDTHONHoneywell sees 2015 pension as 'a little bit of a headwind'
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11:32 EDTHONHoneywell says would do a larger acquisition if "it makes sense"
Targeting $10B+ in strategic M&A over next five years.
11:15 EDTHONHoneywell sees 2018 sales $46B-$51B
Says aerospace continues to "churn along," says revenues in line with aftermarkets. Says UOP "doing very well." Says continues to be strong in China, Middle East, India. Sees dividends growing faster than net income growth. Believes company will do well in terms of organic growth, will be good stewards of cash. Comments made by CFO Tom Szlosek at the Morgan Stanley Laguna Conference.
11:14 EDTGMGM faulty switch connected to 19 confirmed deaths, WSJ says
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10:51 EDTHONHoneywell sees FY14 EPS $5.45-$5.55, consensus $5.54
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10:47 EDTHONHoneywell sees Q4 EPS $1.42-$1.47, consensus $1.47
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10:46 EDTHONHoneywell sees Q3 EPS $1.37-$1.42, consensus $1.42
Sees Q3 sales $9.9B-$10.1B, consensus $10.06B. Sees Q3 segment margin ~17.2%. Comments from slides that will be presented at the Morgan Stanley Laguna Conference.
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