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Stock Market & Financial Investment News

News Breaks
December 30, 2013
13:51 EDTKRO, NL, VHI, DD, HUNCompanies 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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October 31, 2014
06:57 EDTDDDuPont management to meet with Deutsche Bank
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October 29, 2014
13:03 EDTDDDuPont sells Land Management business assets to Bayer CropScience
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11:52 EDTDDTrian upped DuPont stake to 2.7%, Bloomberg reports
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October 28, 2014
07:25 EDTDDDuPont, Trian battle centers on R&D, WSJ says
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06:04 EDTDDDuPont sees FY14 EPS $4.00-$4.10, consensus $4.00
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06:04 EDTDDDuPont sees Q4 EPS growth of 20% over 59c in 4Q14
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06:02 EDTDDDuPont reports Q3 EPS 54c, consensus 53c
Reports Q3 revenue $7.87B, consensus $7.95B. Reports Q3 sales $7.5B.
October 27, 2014
15:36 EDTDDNotable companies reporting before tomorrow's open
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10:25 EDTHUNHuntsman sees FY14 CapEx $550M
Sees FY15 base CapEx about $525M. Sees FY effective tax rate 30%. Says plans to refinance debt as practical. Says confident in ability to deliver $130M in annual synergies from acquisition of Rockwood (ROC) units. Looks to achieve $2B of EBITDA within next few years. Comments made on the Q3 earnings conference call. Huntsman shares are down 5.06% to $23.24 in morning trading.
09:51 EDTHUNHuntsman says near-term adjusted EPS goal is about $3.75
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06:08 EDTHUNHuntsman reports Q3 adjusted EPS 60c, consensus 54c
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October 21, 2014
15:32 EDTDDU.S. EPA approves DuPont's Formacel 1100
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12:21 EDTDDHoneywell responds to EC statement of objections
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10:27 EDTDDDuPont aims to defend itself 'vigorously' against EC investigation
DuPont (DD) Chemicals & Fluoroproducts president Thierry Vanlancker commented on the European Commission's Statement of Objections. Vanlancker said, "DuPont has complied at all times with applicable laws in its development and commercialization of HFO-1234yf, and we plan to defend vigorously against the commission's allegations and preliminary conclusions. This is one step in a long process, and while it may take years to be resolved, we are confident that the Commission will ultimately conclude that actions taken by DuPont complied with applicable laws. We will fight this every step of the way, as it has no basis in law or fact. We are disappointed in the European Commission and in the process leading up to this point. DuPont and Honeywell (HON)developed HFO-1234yf jointly in response to the European Union's Mobile Air Conditioning Directive. This regulation requires automakers to use a refrigerant with very low global warming potential for vehicle air-conditioning systems. The regulatory timeframe was short considering the significant challenges of developing and commercializing a refrigerant that meets all the automotive industry's needs. This short timeframe was a primary reason for DuPont and Honeywell working jointly to develop HFO-1234yf. Regardless of the Statement, the EU MAC Directive remains in full force today, with all new vehicles required to use a refrigerant with a GWP of under 150 by January 2017."
09:04 EDTDDSunCoke Energy names Fay West as SVP, CFO
SunCoke Energy (SXC) and SunCoke Energy Partners, L.P. (SXCP) announced that Fay West has been promoted to SVP and CFO of both companies, reporting directly to Fritz Henderson, SunCokeís Chairman and CEO. Fay was previously Vice President and Controller. This appointment is effective October 27. Mark E. Newman, SVP and CFO, has accepted the position of SVP and CFO of DuPontís (DD) new Performance Chemicals Company.

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