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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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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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