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Stock Market & Financial Investment News

News Breaks
March 26, 2013
07:41 EDTEMN, AA, GLNG, NUE, CE, TGP, CQP, HUN, DOW, GMLP, LNGU.S. manufacturing group calls to rein in LNG export plans, FT reports
A group of U.S. manufacturers, including Alcoa (AA), Dow Chemical (DOW), Celanese (CE), Eastman Chemical (EMN), Huntsman (HUN) and Nucor (NUE), is calling for a “balanced” approach to exporting liquefied natural gas, arguing that only a few more plants should be given permits to export LNG freely in order to protect jobs and investment in the U.S., reported Financial Times. Reference Link
News For LNG;CQP;GLNG;GMLP;TGP;AA;DOW;CE;EMN;HUN;NUE From The Last 14 Days
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August 27, 2015
08:08 EDTDOWDow AgroSciences, ICS-CAAS partner to accelerate rice research in China
Dow AgroSciences, a wholly owned subsidiary of Dow Chemical, has entered into a collaboration agreement with the Institute of Crop Sciences of the Chinese Academy of Agricultural Sciences, or ICS-CAAS. Under the agreement, Dow AgroSciences grants ICS-CAAS a royalty-free, non-transferable research and commercialization license for its proprietary EXZACT Precision Genome Editing Technology to be used in rice in China. Dow AgroSciences and ICS-CAAS scientists will collaboratively develop an industry-leading rice genome editing technology platform. The EXZACT Precision Genome Editing Platform will enable ICS-CAAS scientists to capitalize on their significant investment and technical expertise in rice genomics, transcriptomics, proteomics, and cell biology as well as accelerate integration of the scientific knowledge generated in rice to rapidly develop valuable products for China. Dow AgroSciences has developed the EXZACT Precision Technology platform under an exclusive license and collaboration agreement in plants with Sangamo BioSciences, Inc. Dow AgroSciences and ICS-CAAS scientists will work together to make sure that the expertise and strengths of both parties are best combined to accelerate rice research and product development in China. This is part of Dow AgroSciences' commitment to providing innovative and sustainable solutions to bolster food security and food safety in China.
August 26, 2015
18:13 EDTGLNGGolar LNG sees shipping fleet utilizaton improving in Q3 vs. Q1
Golar reports that the lower gas price environment is triggering lower cost LNG production and the company believes this will create additional demand for the GoFLNG concept. A significant share of growth in the LNG market over the coming years is expected to come from LNG replacing coal and oil based power generation. The LNG shipping market remains under pressure and rates so far in 3Q have remained at levels around $25K-$30K per day. Utilization of the shipping fleet has however improved in Q3 versus Q1, the company added. The end of the commitment linked to Golar Eskimo and an improvement in utilization is likely to result in a solid improvement in Q2 operating results, according to the company.
18:10 EDTGLNGGolar LNG reports Q2 interim time and voyage charter revenues $16.92M
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10:24 EDTAACentury Aluminum to curtail Hawesville operations due to weak prices
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10:11 EDTTGPHigh option volume stocks
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August 24, 2015
09:03 EDTLNGCheniere appoints Icahn Enterprises managing directors to board
Cheniere Energy (LNG) announced the appointment of Jonathan Christodoro and Samuel Merksamer to the Board of Directors, effective immediately. With these additions, the Cheniere Board now comprises eleven directors. Christodoro and Merksamer are Managing Directors of Icahn Capital LP, a subsidiary of Icahn Enterprises (IEP).
August 19, 2015
16:58 EDTEMNOn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
13:30 EDTEMNOn The Fly: Top stock stories at midday
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12:45 EDTEMNRayonier Advanced Materials says legal position 'correct one and will be upheld'
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12:24 EDTEMNRayonier Advanced Materials downgraded to Hold at Vertical Research (earlier)
Vertical Research analyst Chip Dillon earlier today downgraded Rayonier Advanced Materials (RYAM) to Hold from Buy with a $12 price target. Dillon sees increased uncertainty as the company battles its top customer Eastman Chemical (EMN) in court over a contract. Shares of Rayonier Advanced Materials are halted for news pending after declining 55% to $6.12.
12:20 EDTEMNRayonier Advanced sinks amid court battle with top customer Eastman
Rayonier Advanced Materials (RYAM) disclosed earlier today that on August 13, it filed a declaratory judgment action against Eastman Chemical (EMN) in the Superior Court of Gwinnett County, Georgia regarding the company's chemical cellulose specialty products contract with Eastman. Eastman was served with this action on August 14. The company's filing asks the court to confirm the meaning of certain "meet or release" pricing and volume provisions in the agreement that require the company, under certain circumstances, to respond to offers made to Eastman by other suppliers. Rayonier Advanced Materials seeks a declaration that these provisions apply to a maximum of 7,500 metric tons of product per year. In addition, the company has asked the court to confirm the meaning of certain contract provisions relating to pricing in future contract years. On the evening of August 12, the company learned that Eastman had filed a similar declaratory judgment action on August 4 in the Chancery Court for Sullivan County, Tennessee, concerning the same contract "meet or release" provisions. Eastman's filing seeks a declaration that all of its contracted volume is subject to the meet or release provision or, in the absence of such interpretation, that the contract is invalid. Rayonier Advanced Materials was served with that action on August 13. It believes that the "contract is valid and enforceable in accordance with its terms as to both price and volume requirements, and that the meet or release provisions should be enforced in accordance with the Company's position." Rayonier Advanced Materials sank 55%, or $7.51, to $6.12 in today's trading before being halted for news pending.
07:38 EDTLNGEnerCom to hold a conference
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07:22 EDTLNGCitigroup to hold a conference
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August 18, 2015
09:29 EDTAAMorgan Stanley lowers Metals & Mining sector price targets by 33%
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07:29 EDTLNGEnerCom to hold a conference
The Oil & Gas Conference is being held in Denver, Colorado on August 16-20 with webcasted company presentations to begin on August 18 at 10:00 am; not all company presentations may be webcasted. Webcast Link
07:03 EDTGLNGDynagas, GasLog, Golar LNG to establish, operate LNG Carrier Pool
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07:02 EDTGLNGDynagas, GasLog, Golar enter LNG Carrier Pool agreement
Dynagas (DLNG), GasLog (GLOG), and Golar LNG (GLNG), jointly announce that they have entered into an LNG carrier pooling agreement to market their vessels, which are currently operating in the LNG shipping spot market. Tony Lauritzen has agreed to take overall responsibility for the running of The Cool Pool and Morten Nielsen has been appointed as Pool Manager, with the mandate to schedule employment for each pool vessel. The Cool Pool will focus exclusively on charters of 12 months duration or less. The scheduling of employment opportunities in excess of 12 months will remain the mandate of the respective vessel owner. If a pool vessel is scheduled by an owner for a charter that exceeds 12 months in duration such vessel will cease to form part of the LNG Carrier Pool's fleet. It is anticipated that The Cool Pool will commence operation in September 2015.
August 17, 2015
10:09 EDTHUNOn The Fly: Analyst Downgrade Summary
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09:38 EDTHUNActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
06:21 EDTHUNHuntsman downgraded to Buy from Conviction Buy at Goldman
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