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Stock Market & Financial Investment News

News Breaks
August 19, 2014
07:46 EDTHUN, JECJacobs designs and builds iron sulfate plant for Huntsman pigments in Italy
Jacobs Engineering Group (JEC) recently completed Huntsman Pigments’ (HUN) new EUR38M iron sulfate plant at its titanium dioxide pigment manufacturing facility in Scarlino, Italy. Huntsman celebrated the completion on July 1. Jacobs worked closely with Huntsman to execute the project from its Milan, Italy office; providing engineering and design, procurement assistance, construction management and project management services for the project, which involved safely integrating the new facility into the existing operating plant. Commissioning of the new plant is now underway. It is expected to be fully operational in the fall of 2014.
News For JEC;HUN From The Last 14 Days
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March 4, 2015
16:41 EDTHUNHuntsman furthers its global Pigments and Additives Business restructuring
Huntsman announced its plan to restructure its Color Pigments business, another step in its plan to significantly restructure its global Pigments and Additives business. The restructuring of Color Pigments includes an expected headcount reduction of 120 positions and will deliver $20M by mid-2016 toward the total synergies expected of the global Pigments and Additives restructuring plan announced in December. The initial phase of restructuring will include site closures, cost reduction initiatives and a move to centralized shared services. Huntsman CEO Peter R. Huntsman stated, "We are well on track to deliver more than $140M in total synergies, with $60M of that to be achieved in 2015. In addition to these savings, we have announced a plan to close the black end of our TiO2 plant in Calais, France that will generate $35M of annual savings."
March 3, 2015
07:48 EDTJECJacobs Engineering announces $300M in total contracts over past six months
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February 24, 2015
07:46 EDTJECJacobs Engineering awarded contract from Bristol-Myers
Jacobs Engineering Group (JEC) announced that it received a contract from Bristol-Myers Squibb Company (BMY) to provide architectural and engineering services for a new large-scale biologics manufacturing facility in Cruiserath, County Dublin, Ireland. The facility is being designed to produce multiple therapies for the company’s robust and growing portfolio of approved and investigational biologic medicines, and to increase Bristol-Myers Squibb’s biologics manufacturing capacity. The new facility is expected to include multiple large scale bioreactors, a purification area, as well as office and laboratory space. Bristol-Myers Squibb’s Board of Directors has approved initial funding that will support the first phase of the project, with the full cost of the facility expected to be finalized in the second half of 2015. The facility is estimated to be operational in 2019.
07:30 EDTHUNJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
07:25 EDTJECRW Baird to hold a conference
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February 19, 2015
09:59 EDTHUNOn The Fly: Analyst Downgrade Summary
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06:11 EDTHUNHuntsman downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Huntsman to Neutral citing a lack of catalysts amid a delayed TiO2 recovery, unfavorable currency moves and cash charges limiting free cash flow generation. Citi lowered its price target for shares to $25 from $31 following Huntsman's Q4 results.

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