New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
August 30, 2015
12:33 EDTDDDividend-rich blue chips look attractive amid market volatility, Barron's says
Subscribe for More Information
August 25, 2015
13:39 EDTDDDuPont names John Chrosniak as president, DuPont Sustainable Solutions
Subscribe for More Information
August 24, 2015
09:23 EDTDDGevo, Butamax enter global patent cross-license, settlement agreements
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use