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Stock Market & Financial Investment News

News Breaks
December 30, 2013
13:51 EDTDD, KRO, VHI, HUN, NLCompanies 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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December 19, 2014
09:50 EDTDDDuPont appears poised for proxy fight with shareholder Trian, CNBC's Faber says
December 18, 2014
16:30 EDTDDDuPont to record pre-tax charge to earnings of about $315M in Q4
In connection with the redesign initiative, which remains on track, DuPont will record a pre-tax charge to earnings of about $315M in Q4, comprising approximately $160M of employee separation costs, $140M of asset related charges and $15M of contract termination costs. The actions related to Q4 charge are expected to be substantially complete by mid-2016 and will result in future cash payments of approximately $175M, primarily related to the payment of severance and related benefits. Savings from the redesign initiative will include the elimination of stranded costs associated with Chemours and savings realized following the separation. As disclosed on June 26, the redesign initiative is expected to contribute at least $1B in savings and DuPont will continue to identify additional areas of productivity across the organization.
16:28 EDTDDDuPont announces restructuring, spinoff of chemicals company
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16:26 EDTDDDuPont announces restructuring, spinoff of chemicals company
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December 16, 2014
09:59 EDTHUNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BB&T (BBT) initiated with a Neutral at Guggenheim... Bank of America (BAC) initiated with a Buy at Guggenheim... Ciena (CIEN) initiated with a Neutral at Wedbush... Cimarex Energy (XEC) initiated with a Perform at Oppenheimer... Citigroup (C) initiated with a Neutral at Guggenheim... Extended Stay America (STAY) initiated with a Market Perform at JMP Securities... Infinera (INFN) initiated with a Neutral at Wedbush... JPMorgan (JPM) initiated with a Neutral at Guggenheim... Morgan Stanley (MS) initiated with a Buy at Guggenheim... Newfield Exploration (NFX) initiated with an Outperform at Oppenheimer... Nike (NKE) initiated with a Market Perform at Cowen... PNC Financial (PNC) initiated with a Neutral at Guggenheim... Peak Resorts (SKIS) initiated with an Outperform at FBR Capital... Peak Resorts initiated with an Outperform at Oppenheimer... Ralph Lauren (RL) initiated with an Outperform at Cowen... U.S. Bancorp (USB) initiated with a Neutral at Guggenheim... Under Armour (UA) initiated with an Outperform at Cowen... Wells Fargo (WFC) initiated with a Neutral at Guggenheim... Whiting Petroleum (WLL) initiated with an Outperform at Oppenheimer... Lowe's (LOW) initiated with a Neutral at Nomura... Home Depot (HD) initiated with a Neutral at Nomura... Estee Lauder (EL) initiated with a Buy at KeyBanc... Huntsman (HUN) initiated with a Buy at Nomura... Dow Chemical (DOW) initiated with a Buy at Nomura.
08:19 EDTHUNHuntsman initiated with a Buy at Nomura
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December 12, 2014
10:41 EDTHUNHigh option volume stocks:
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December 10, 2014
12:04 EDTDDUSDA lowers 2014/15 soybean ending stock forecast
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08:27 EDTDDDuPont to sell DuPont Performance Polymers to Denka Performance Elastomer
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07:56 EDTDDUBS to hold a conference
Agriculture Investor Day is being held in Chicago on December 10.
07:40 EDTHUN, DDBofA/Merrill to hold a conference
2014 U.S. Basic Materials Conference is being held in Boston on December 10-11.

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