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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.
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August 26, 2014
06:05 EDTMCPStocks with implied volatility movement; MCP GILD
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