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Stock Market & Financial Investment News

News Breaks
January 4, 2013
11:56 EDTMOS, AGU, POT, CFFertilizer makers advance after Mosaic's earnings beat expectations
Mosaic (MOS) shares are climbing after the company reported higher than expected second quarter earnings per share and revenue that was roughly in-line with expectations. "Agricultural fundamentals are exceptionally strong around the globe, and that bodes well for Mosaic over the long term," said Mosaic CEO Jim Prokopanko on the company's earnings conference call. U.S. farmers have a great deal of cash, and will use it on products that help them obtain the largest crops possible, added the CEO. However, there are some short-term negatives, as Prokopanko said he would have been happier if China - which earlier this week signed a new contract for Canadian potash - had agreed to pay higher prices for the fertilizer. Furthermore, India's regulations continue to harm the industry, the CEO indicated. Despite these challenges, demand for the company's products in free markets remain strong and should accelerate, Prokopanko reported. In late morning trading, Mosaic (MOS) climbed 2.68% to $58.29, while fellow fertilizer makers rose as well. Agrium (AGU) advanced 1.22% to $103.48, Potash (POT) added 0.98% to $41.34 and CF Industries (CF) climbed 1.73% to $209.83.
News For MOS;AGU;POT;CF From The Last 14 Days
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October 22, 2014
14:05 EDTPOTEarnings Preview: Potash sees Q3 earnings per share 35c-45c
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October 20, 2014
12:36 EDTCFOptions with decreasing implied volatility
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09:32 EDTMOSMosaic upgraded to Outperform from Sector Perform at Scotia Capital
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08:58 EDTMOSPartnerRe to provide $100M financing for Mosaic's home solar loan program
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October 17, 2014
05:10 EDTCFYara announces termination of merger discussions with CF Industries
Yara International ASA (YARIY) and CF Industries (CF) have terminated their discussions regarding a potential merger of equals transaction. Torgeir Kvidal, president and CEO of Yara International ASA stated, "This has been a constructive process, with solid work by both parties. We were able to identify significant structural and operational synergies, but in the end it became clear that we would not be able to agree on terms that would be acceptable to all stakeholders."
October 16, 2014
17:55 EDTCFCF Industries announces termination of merger talks with Yara International
CF Industries (CF) announced that the company and Yara International (YARIY) have terminated their discussions regarding a potential merger of equals transaction. “I want to thank the management team and Board of Directors of Yara International for their cooperation and professionalism throughout our discussions,” stated Tony Will, president and CEO, CF Industries. “Although we identified very significant operational and structural synergies, we were ultimately unable to agree on terms of a transaction that met the requirements of all our respective shareholders.” Will continued, “CF Industries has a strong stand-alone business plan and we are confident in the material increase in our cash flow generation as our capacity expansion projects come on-stream as scheduled. We remain fully committed to driving shareholder value creation by investing in high return projects while returning excess cash to stockholders through dividends and a substantial share repurchase program.”
14:13 EDTMOS, AGU, CF, POTU.S farmers use less fertilizer this autumn as crop prices fade, Reuters says
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October 10, 2014
12:05 EDTPOT, AGU, MOS, CFUSDA raises U.S. corn production estimate to 14.475B
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October 8, 2014
11:10 EDTCFOptions with increasing implied volatility
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