Stock Market & Financial Investment News

News Breaks March 1, 2013 16:38 EDT MCP Molycorp 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 Check below for free stories on MCP the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 10, 2013 14:14 EDT MCP Molycorp could see a short squeeze, says CIBC Subscribe for More Information 12:31 EDT MCP On The Fly: Midday Wrap Subscribe for More Information 12:00 EDT MCP Molycorp rises 19.7% Subscribe for More Information 10:00 EDT MCP Molycorp rises 17.5% Subscribe for More Information 09:38 EDT MCP Active equity option families trading Subscribe for More Information 09:21 EDT MCP On The Fly: Pre-market Movers Subscribe for More Information 09:00 EDT MCP Molycorp rises 9.3% Subscribe for More Information May 9, 2013 16:24 EDT MCP Molycorp reports Q1 adjusted EPS (15c), consensus (27c) Reports Q1 revenue $146.4M, consensus $137.52M. 13:54 EDT MCP Molycorp May 6 weekly straddle priced for 9.5% move into Q1 Subscribe for More Information 10:22 EDT MCP Molycorp May volatility elevated into Q1 and expense outlook Molycorp May weekly call option implied volatility is at 239, May is at 92, June is at 75, September is at 67; compared to its 26-week average of 75 according to Track Data, suggesting large near term price movement into the expected release of Q1 results today after the market close. Sign up for a free trial to see the rest of the stories you've been missing.