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Stock Market & Financial Investment News

News Breaks
December 30, 2013
13:51 EDTVHI, HUN, NL, DD, KROCompanies advance after controversial chairman dies
Shares of Kronos (KRO), NL Industries (NL), and Valhi (VHI) are rising after Harold Simmons, who was chairman of the board at all three companies, passed away on Saturday night. WHAT'S NEW: A billionaire Dallas billionaire and philanthropist, Simmons was a controversial figure. He called President Obama "the most dangerous American alive" because, according to Simmons, the president "would eliminate free enterprise in this country." Simmons also donated tens of millions of dollars to Republican candidates and conservative causes and a number of his companies have been criticized and sued for allegedly polluting the environment. ANALYST OPINION: In a note to investors, research firm Oppenheimer said that Simmons' death will raise questions about succession, strategy and ownership issues at Kronos. About 81% of Kronos common stock was owned by Simmons, related persons and entities, with about 80% of that held by Valhi and NL Industries, according to Oppenheimer. Kronos was viewed as a consolidator in the reshuffling titanium dioxide industry, but may now be viewed as a seller at some point, Oppenheimer added. OTHERS TO WATCH: DuPont (DD) and Huntsman (HUN) have announced plans to spin-off their titanium dioxide businesses. PRICE ACTION: In mid-afternoon trading, Kronos gained 9.5% to $18.85, NL Industries rose 9.3% to $11.04, and Valhi added 1% to $15.07.
News For KRO;NL;VHI;DD;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
17:57 EDTDDTrian CEO Peltz comments on DuPont rejection of universal proxy card
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February 26, 2015
13:43 EDTDDDuPont EVP sees lifetime Rynaxypyr sales nearly $1.5B, sees Cyazypyr sales $500M
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February 24, 2015
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
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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