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Stock Market & Financial Investment News

News Breaks
March 28, 2013
11:32 EDTMOS, CNI, POTMosaic CEO: May buy back 1/3 to all stock held by Cargill holders, Reuters says
CEO says would have "issues" with Potash (POT) potentially taking over Israel chemicals. CEO also says CN, CP railways struggling to move W. Canada Potash to port because of snow, according to Reuters.
News For MOS;POT;CNI From The Last 14 Days
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January 28, 2015
17:26 EDTPOTPotash raises quarterly dividend approximately 9% to 38c from 35c per share
The dividend is payable May 4 to shareholders of record on April 13.
12:50 EDTPOTEarnings Preview: Potash sees 'strong customer engagement' in Q4
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09:59 EDTCNIOn The Fly: Analyst Downgrade Summary
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09:16 EDTCNICanadian National downgraded to Sector Perform from Outperform at Scotia
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January 27, 2015
16:09 EDTCNICanadian National sees 2015 North American industrial production up 3%-4%
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16:07 EDTCNICanadian National raises annual dividend by 25% to C$1.25
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16:05 EDTCNICanadian National reports Q4 EPS C$1.03, consensus 97c
Reports Q4 revenue C$3.21B, consensus $3.12B.
January 20, 2015
08:26 EDTMOS, POTAgrium preferred over Potash, Mosaic at Canaccord
Canaccord said they prefer Agrium (AGU) over both Potash (POT) and Mosaic (MOS). Mosaic raised its guidance due to its phosphate business, but with a lack of catalysts expected in the potash market in 2015 the firm continues to see solid growth volume, increasing nitrogen margins, and free cash flow expansion for Agrium. Canaccord maintains its Buy rating on Agrium and its Hold rating on both Mosaic and Potash shares.
January 19, 2015
16:29 EDTMOSMosaic expects 'further business strength' into 2015
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16:28 EDTPOT, MOSMosaic raises Q4 EPS outlook to 83c-88c, consensus 57c
The Mosaic Company announced that it expects reported phosphates volume and phosphates and potash margins to exceed previously provided guidance ranges, and that potash volumes will be at the high end of guidance range, resulting in Q4 earnings per share in the range of 93c-98c, including 10c in net benefits from notable items. The notable items include early estimates of discrete tax benefits, primarily related to the acquisition of a Brazilian distribution business, which may change. The company expect earnings, excluding notable items, to be in the range of 83c-88c. The consensus EPS estimate is 57c..Mosaic stated, "Demand for potash and phosphates exceeded our expectations during the fourth quarter,. We were cautiously optimistic going into the fall application season with good crop nutrient affordability and an empty supply chain, but customers came to the market in force, as they sought to position inventory in anticipation of a strong spring season and increasing crop nutrient prices...Our Phosphates business sold 3.3 million tonnes of finished product during the quarter - well above our expectations - and our Potash business produced at a high operating rate due to a successful proving run at the Colonsay mine." Mosaic's peers include Potash (POT) and Agrium (AGU).
January 15, 2015
12:01 EDTCNICanadian National reaches tentative deal with Canadian traffic controller union
CN announced that it has negotiated a tentative labor agreement with the Teamsters Canada Rail Conference-Rail Canada Traffic Controllers union that represents rail traffic controllers in Canada. The four-year agreement would provide wage increases and benefit improvements to approximately 180 employees. Details of the agreement are being withheld pending ratification by union members. The union is expected to announce the results of the ratification vote before the end of February.

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