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Stock Market & Financial Investment News

News Breaks
April 6, 2014
19:24 EDTPOTPotash appoints Jochen Tilk president and CEO, Bill Doyle to step down
Potash Corporation of Saskatchewan announced that the board of directors has appointed Jochen Tilk as president and CEO, effective July 1. The company added, "After 27 years of dedicated service - during which Potash Corp grew to become the world's largest crop nutrient company - Bill Doyle will step down as President and CEO, but remain employed with the company as a Senior Advisor through June 2015." "We're pleased to announce Jochen Tilk as the next president and CEO of PotashCorp. Jochen is known for his focus on operational excellence and disciplined growth, and the entire board agreed he was the right person to lead the company forward," said Dallas Howe, chairman of the board. "The board undertook a rigorous, three-year selection process for the new CEO that included the use of international executive search firms and a review of both internal and external candidates." Tilk comes to PotashCorp after a 30-year career in the mining industry, most recently serving as President and CEO of Inmet Mining.
News For POT From The Last 14 Days
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March 30, 2015
10:31 EDTPOTPotash says Canpotex reaches settlements with Chinese customers
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07:39 EDTPOTRecord soy plantings seen weighing on prices, WSJ says
Analysts expect soybean acreage to rise 3% from last year to 85.9M acres and corn to fall 2% to 88.7M acres, according to a survey by The Wall Street Journal taken ahead of a U.S. Department of Agriculture forecast due Tuesday. Many are betting that further soy production increases will trigger steep declines in futures, the report noted. Publicly traded companies in the agriculture and fertilizers space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT). Reference Link
March 24, 2015
08:31 EDTPOTCanpotex undercut by Belaruskali deal with China, FT reports
Belarus' state-owned fertilizer group, Belaruskali, has agreed to sell its potash to Chinese buyers at $315 a tonne for the first half of 2015, which is well below market prices which are currently about $330-$340 a tonne, said Financial Times, noting that Canpotex, the offshore marketing company jointly owned by Agrium (AGU), Mosaic (MOS), and Potash Corp. (POT), had been holding out for higher prices with the Chinese. Reference Link
March 18, 2015
17:30 EDTPOTPotash sees FY15 pre-tax earnings reduced C$75M-C$100M due to tax changes
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March 17, 2015
13:42 EDTPOTPotash upgraded to Buy from Hold at Societe Generale
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