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May 13, 2013
13:28 EDTMOSMosaic lower after deferring potash expansion
Mosaic, which produces and markets phosphate and potash crop nutrients for the agriculture industry, is trading lower after saying it is scaling back its potash expansion on a company conference call. WHAT'S NOTABLE: Mosaic CFO Larry Stranghoener said the company is deferring a project to add 2M metric tons a year of potash production capacity. Stranghoener added that the company will reassess market conditions within the next 12 to 24 months and "make a determination at that time whether those projects are warranted." PRICE ACTION: Mosaic shares are trading down $2.23 or 3.52% to $61.05 in afternoon trading.
News For MOS From The Last 14 Days
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October 23, 2014
10:22 EDTMOSMosaic upgraded to Buy from Hold at Standpoint Research
October 20, 2014
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 16, 2014
14:13 EDTMOSU.S farmers use less fertilizer this autumn as crop prices fade, Reuters says
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