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Stock Market & Financial Investment News

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February 18, 2013
10:53 EDTHSCHarsco gets $100M contract in India for metal recovery
Diversified global industrial company Harsco Corporation announced a new multi-year contract valued at more than $100 million with India's largest stainless steel producer, Jindal Stainless Limited, JSL. The 15-year contract, Harsco's second major award in two months within India's rapidly developing steel sector and its first within India's stainless steel sector, calls on Harsco to serve as an onsite resource recovery and material handling partner to JSL's expanding stainless steel production operations in India. Harsco's services are scheduled to begin in the second half of this year and will include the Company's specialized process technologies for recovering metal from stainless steel production by-products, where Harsco has consistently generated metal recovery rates above 99 percent at similar operations throughout the world.
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April 11, 2014
13:26 EDTHSCHarsco execution risk has increased, says Argus
Argus believes that Harsco's execution risk has increased following the departure of its CEO. The firm cut its EPS estimates for the company and lowered its price target on the shares to $28 from $30. However, the firm is upbeat on the company's competitive positioning and keeps a Buy rating on the shares.
April 8, 2014
07:36 EDTHSCHarsco names F. Nicholas Grasberger COO, planned transition to CEO by mid-year
Harsco announced that the board has unanimously selected F. Nicholas Grasberger as the company's president and COO, effective immediately. The appointment is the first step in a planned transition during which Grasberger will continue his duties as CFO while the search for his successor in that role is conducted, and will become the company's president and CEO by mid-year 2014 once this process is complete. To assure solid operating continuity and a seamless transition in these key leadership positions, David Everitt, who has been serving as Interim president and CEO since March 1, will continue as Interim CEO until Grasberger assumes the CEO role.
April 4, 2014
08:04 EDTHSCHarsco execution risk has increased, says Argus
After Harsco CEO Patrick Decker departed, Argus thinks the company's execution risk has increased. However, the firm remains upbeat on the stock, based on the company's business simplification initiatives and long-term profitability targets.The firm keeps a Buy rating on the shares.

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