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Stock Market & Financial Investment News

News Breaks
December 28, 2012
16:43 EDTMCPMolycorp enters separation agreement with former CEO Mark Smith
The separation agreement provides that Smith will release the company and certain other parties from any and all claims, causes of action and demands arising on or prior to December 22. If Smith does not revoke the release within the seven-day revocation period, he will be entitled to the following payments: a lump sum cash payment equal to $2.45M, consisting of $1.7M representing two times his annual target bonus opportunity for 2012 and $721,232 representing a portion of the two years of base salary to which he is entitled and $23,895 representing a cash payment in satisfaction of 18 months of reimbursement for COBRA premiums; an amount in cash equal to $978,768, consisting of the remainder of the two years of base salary to which he is entitled, and payable as continued base salary commencing on October 16, 2013 and ending on December 10, 2014; and a lump sum cash payment equal to $47,446 in satisfaction of performance-based restricted stock units on the first business day after the Release becomes irrevocable. Smith will also provide transitional consulting services to the company as requested by the board for an initial term ending on December 31, 2013 and Smith will receive a total of $425,000 during the term, which represents one-half of his base salary in effect immediately prior to his termination of employment.
News For MCP From The Last 14 Days
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January 29, 2015
05:49 EDTMCPStocks with implied volatility movement; MCP XOM
Stocks with implied volatility movement; Molycorp (MCP) 212, Exxon Mobil (XOM) 28 according to iVolatility.
January 26, 2015
06:00 EDTMCPStocks with implied volatility movement; XOM MCP
Stocks with implied volatility movement; Exxon Mobil (XOM) 22, Molycorp (MCP) 196 according to iVolatility.
January 23, 2015
10:02 EDTMCPOn the Fly: Analyst Downgrade Summary
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09:21 EDTMCPOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Infinera (INFN), up 13.2%... E-Trade (ETFC), up 5.6%... Starbucks (SBUX), up 5%... ResMed (RMD), up 3.2%. ALSO HIGHER: IVUS (VVUS), up 6.2% after being initiated with an Outperform at RBC Capital... Vitae Pharmaceuticals (VTAE), up 12.3% after 3M share Secondary priced at $11.90... lululemon (LULU), up 3.5% after being upgraded to Overweight from Neutral at JPMorgan. DOWN AFTER EARNINGS: Kimberly Clark (KMB), down 4.6%... Bank of New York Mellon (BK), down 2.1%... Altera (ALTR), down 4.4%... Kansas City Southern (KSU), down 3.3%... McDonald's (MCD), down fractionally. ALSO LOWER: LeapFrog (LF), down 32.8% after reporting preliminary third quarter results and withdrawing fiscal 2015 guidance... Molycorp (MCP), down 10.7% after being downgraded to Neutral from Buy at DA Davidson... Dreamworks (DWA), down 12% after announcing that it will cut 500 jobs, reduce films released per year, and seeing a $55M charge for 'The Penguins of Madagascar' and 'Mr. Peabody and Sherman'... Otonomy (OTIC), down 1.8% after secondary increased to 2.55M shares, priced at $29.25.
08:09 EDTMCPMolycorp downgraded to Neutral from Buy at DA Davidson
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07:09 EDTMCPMolycorp may have hired Jones Day for debt restructuring advice, Bloomberg says
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