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Stock Market & Financial Investment News

News Breaks
March 1, 2013
16:38 EDTMCPMolycorp files to delay 10-K, to incur undetermined goodwill impairment charge
As previously disclosed, in connection with the preparation of its financial statements for the year ended December 31, 2012, Molycorp has determined that it will incur a non-cash goodwill impairment charge, substantially all of which will relate to its acquisition of Neo Material Technologies. The company has not yet determined the actual amount of the goodwill impairment charge, but it is expected that the charge will be a substantial portion of the total amount of goodwill the company had recorded in respect of the Molycorp Canada acquisition. The actual amount of the goodwill impairment charge will be determined by the company as it finalizes its financial statements for the year ended December 31, 2012. The company will not restate any previously issued financial statements in connection with the incurrence of the goodwill impairment charge. Accordingly, until the company determines the actual amount of the goodwill impairment charge, the company will be unable to file its Annual Report on Form 10-K for the year ended December 31, 2012.
News For MCP From The Last 14 Days
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September 18, 2014
18:25 EDTMCPOn The Fly: After Hours Movers
HIGHER: Concur (CNQR), up 19.5% after SAP (SAP) announced that it will acquire the company for $129 per share... Navidea Biopharmaceuticals (NAVB), up 9.8% after confirming FDA orphan designation for Lymphoseek... Molycorp (MCP), up 6.1% after Oaktree Capital reported a 9.1% passive stake in the company... JetBlue (JBLU), up 4.6% following CEO transition announcement... Wendy's (WEN), up 2.15% after Trian reported a 24.39% stake in the company... Sears Holdings (SHLD), up 2.6% after Fairholme Capital reported a 24% stake in the company... AMD (AMD), up 1% after announcing that it expanded an IP partnership with Synopsys (SNPS). DOWN AFTER EARNINGS: Red Hat (RHT), down 3%... Oracle (ORCL), down 2.4% following first quarter earnings miss and CEO transition... Tibco Software (TIBX), down 5.5%. ALSO LOWER: Quest Resource (QRHC), down 13.4% after filing an automatic common stock and warrant shelf... Eagle Rock (EROC), down 4.5% after filing to sell 53.34M common units for limited partners... Chatham Lodging (CLDT), down 3.3% after filing to sell 5M shares of common stock... Glu Mobile (GLUU), down 2.3% after filing to sell 9.98M shares of common stock for holders... Blackstone Mortgage (BXMT), down 1.6% after filing to sell 8M shares of common stock.
16:08 EDTMCPOaktree Capital reports 9.1% passive stake in Molycorp
September 11, 2014
18:35 EDTMCPOn The Fly: After Hours Movers
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17:00 EDTMCPMolycorp announces closing of $400M financing arrangement
Molycorp, Inc. announced the successful close of its previously announced $400M financing arrangement with certain investment vehicles affiliated with Oaktree Capital Management, L.P. Under the arrangement, Oaktree will provide Molycorp and certain of the company's subsidiaries with up to $400M in secured financing through credit facilities and the sale and leaseback of certain equipment at the company's Mountain Pass facility. $250M of the financings has now been funded, with the remaining $150M available until April 30, 2016 if Molycorp achieves consolidated adjusted EBITDA of not less than $20.0M per quarter for two consecutive fiscal quarters, and production volume at its Mountain Pass facility of at least 4,000 metric tons per quarter for two consecutive fiscal quarters.
September 5, 2014
16:01 EDTMCPOptions Update; September 5, 2014
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12:42 EDTMCPStocks with increasing options volume
Stocks with increasing options volume: VALE MCP KORS WAG GM PCLN

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