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Stock Market & Financial Investment News

News Breaks
May 29, 2014
10:50 EDTKMBKimberly Clark experiencing 'good' momentum
Says sees "good" margin improvement which is fueling future growth. Says fewer U.S. births has affected its diaper and training pant business but is now seeing the birthrate stabilize, even though that number hasn't turned positive yet. Says plans for products to be in 100 China cities by the end of the year. Sees opportunity to broaden portfolio in those markets. Says in Japan, adult care business is the same as its disposable care business. Says still seeing high single digit growth in Depends business in U.S. Says its India market is underdeveloped relative to China and relative to the country's population. Say not spending as much in North America and Europe which is helping to free-up some CapEx. Says baby wipe business is still mid to high single digit growth business. Comments made at the Sanford Bernstein Annual Strategic Decisions conference.
News For KMB From The Last 14 Days
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October 20, 2014
15:48 EDTKMBKimberly Clark technical comments ahead of earnings
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15:36 EDTKMBNotable companies reporting before tomorrow's open
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October 10, 2014
07:16 EDTKMBAmerican Society of Plastic Surgeons to hold annual meeting
Annual Meeting of ASPS is being held in Chicago on October 10-14.
October 7, 2014
08:32 EDTKMBKimberly Clark raises 2014 share repurchase target in spin-off completion
Kimberly-Clark announced the record date, distribution date and distribution ratio for the previously announced tax-free spin-off of its health care business. The spin-off will form the new publicly traded company, Halyard Health. Kimberly-Clark also increased its 2014 share repurchase program to take into account expected proceeds as a result of the spin-off. Kimberly-Clark shareholders will receive one share of Halyard Health common stock for every eight shares of Kimberly-Clark common stock held as of the close of trading on Oct. 23, 2014, the record date for the spin-off. Kimberly-Clark shareholders will receive cash in lieu of any fractional shares. The spin-off is expected to be effective as of the end of the day on Oct. 31, 2014, the distribution date for the spin-off, with 100 percent of the shares of Halyard Health distributed to Kimberly-Clark shareholders. Before completion of the spin-off, Halyard Health expects to make a one-time cash payment to Kimberly-Clark. As a result, Kimberly-Clark is increasing its 2014 share repurchase target to $2B, up from its previous plan of $1.3 to $1.5 billion.

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