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Stock Market & Financial Investment News

News Breaks
January 14, 2014
08:07 EDTKBR, DDKBR announces EPCM MSA with DuPont
KBR (KBR) announced it has been awarded a five-year Master Services Agreement, or MSA, with DuPont Engineering (DD) to provide engineering, procurement and construction management, or EPCM, services for most DuPont facilities in the U.S. and Mexico. Expected revenue from the first year of the undisclosed contract value will be included in the Hydrocarbons segment's backlog of unfilled orders in Q4. The balance of the contract value will be added to backlog during the life of the agreement. This contract extends the long-standing EPCM services support of DuPont facilities in the U.S. Northeast region to now include the entire U.S. region and Mexico. In combination with the recently awarded industrial services contract, KBR will now provide comprehensive engineering, procurement, construction management, and continuous construction and maintenance services for most DuPont manufacturing sites in the USA. As part of this expanded relationship, KBR will open a new office in Charleston, WV.
News For KBR;DD From The Last 14 Days
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January 29, 2015
19:19 EDTDDDuPont plans to cut bonuses, delay raises for year, WSJ reports
DuPont will cut bonus payouts and delay raises for its employees for the year as the company deals with slow growth and activist investor Trian Fund Management, owned by Nelson Peltz, pressing Dupont to split itself up, the Wall Street Journal reports, citing an unnamed knowledgeable source. Reference Link
January 28, 2015
09:59 EDTDDOn The Fly: Analyst Downgrade Summary
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07:21 EDTDDDuPont management to meet with Deutsche Bank
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06:41 EDTDDDuPont downgraded with shares above price target at JPMorgan
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06:01 EDTDDDuPont downgraded to Neutral from Overweight at JPMorgan
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January 27, 2015
16:31 EDTDDOn The Fly: Closing Wrap
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12:28 EDTDDOn The Fly: Midday Wrap
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10:24 EDTKBRDeutsche Bank warns E&C companies could be hit hard by low oil
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10:00 EDTKBROn the Fly: Analyst Downgrade Summary
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07:58 EDTDDFutures weaken after Caterpillar issues lower than expected outlook
Stock index futures have been in negative ground all morning, but have weakened further after disappointing guidance from a number of big names, including Procter & Gamble (PG), DuPont (DD) and Caterpillar (CAT). Before the bell, a report on durable goods orders for December is due at 8:30. After the open, investors will receive reports on the U.S. services sector and consumer confidence for January as well as data on new home sales in December. Near 7:45 am ET, Dow futures were 186 points below fair value, S&P 500 futures were down 12 points from fair value and Nasdaq futures were 37 points under fair value.
06:49 EDTKBRKBR downgraded to Hold from Buy at Deutsche Bank
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06:15 EDTDDDuPont increases cost reduction commitment to at least $1.3B by 2017
DuPont has increased its cost reduction commitment from its operational redesign by approximately $300M to at least $1.3B of total expected savings by 2017. Additionally, by the end of 2015, the company now expects annual run-rate savings of approximately $1B, significantly ahead of its previously announced schedule. In addition the company said it expects to return all or substantially all of the one-time dividend proceeds from Chemours to DuPont shareholders via share repurchases over the 12 to 18 months following the separation of Chemours. Based on the target BB credit rating of Chemours, this amount is anticipated to be approximately $4B, pending the final credit ratings and underlying business conditions for Chemours.
06:07 EDTDDDuPont sees FY15 EPS $4.00-$4.20, consensus $4.46
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06:05 EDTDDDuPont reports Q4 operating EPS 71c, consensus 71c
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January 26, 2015
15:40 EDTDDNotable companies reporting before tomorrow's open
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11:13 EDTDDDuPont volatility flat into Q4 and outlook
DuPont January weekly call option implied volatility is at 30, February is at 19, March is at 17, July is at 16; compared to its 26-week average of 19 according to Track Data, suggesting non-directional price movement into the expected release of Q4 results on January 27.
07:35 EDTDDDuPont price target raised to $87 from $75 at Susquehanna
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January 22, 2015
10:03 EDTKBROn the Fly: Analyst Initiation Summary
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07:42 EDTKBRKBR initiated with an Underperform at BofA/Merrill
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January 20, 2015
10:17 EDTKBRHalliburton, KBR appeals won't be heard by Supreme Court, Reuters reports
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