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Stock Market & Financial Investment News

News Breaks
December 27, 2012
08:18 EDTPPGPPG Industries declares force majeure for certain commodity chemicals
PPG Industries announced that it has declared force majeure for vinyl chloride monomer manufactured at the company’s Lake Charles, La., chemicals complex and for all grades of liquid caustic soda on a systemwide basis. The company did not provide an end date for the force majeure. This force majeure is a direct result of a Dec. 24 fire at the Lake Charles chemicals complex. The fire affected the vinyl chloride monomer unit and did not result in any off-site environmental impact. One employee was transferred to the hospital and is currently being treated. The company added that the expense stemming from the equipment damage and lost sales volume will likely impact PPG’s Commodity Chemicals segment earnings by $5M-$8M in 4Q12, and an incremental $2M-$5M in 2013 based on current information.
News For PPG From The Last 14 Days
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October 20, 2014
07:11 EDTPPGPPG Industries upgraded to Buy from Neutral at SunTrust
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05:41 EDTPPGPPG Industries expands sealants capabilities at ASC in Germany
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October 16, 2014
14:59 EDTPPGPPG Industries says anticipating normal seasonal trends for Q4
Says Q4 is typically the company's slowest. Says recent drop in oil prices not an immediate benefit. Says seeing modest raw material increases. Says not envisioning any re-pricing of pending Comex acquisition due to recent stock market drop. Says will continue share buybacks in Q4 at a "higher level." Says expects to raise buybacks if deals less than expected. Says deadline for Mexico Comex decision is mid-December. Comments from company's Q3 earnings conference call.
08:13 EDTPPGPPG Industries still sees closing Comex deal in Q4
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08:12 EDTPPGPPG Industries reports Q3 adjusted EPS $2.82, consensus $2.75
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October 15, 2014
15:28 EDTPPGNotable companies reporting before tomorrow's open
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October 13, 2014
09:08 EDTPPGMexico's FECC says extending review timeline for PPG's Comex acquisition
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October 9, 2014
10:00 EDTPPGOn The Fly: Analyst Initiation Summary
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October 8, 2014
16:29 EDTPPGU.S. Chemicals sector initiated with an Overweight at RBC Capital
RBC Capital started the U.S. Chemicals sector with an Overweight rating citing the growth of shale gas. The firm lists ethylene stocks LyondellBasell (LYB), Westlake Chemical (WLK) and Dow Chemical (DOW) its top picks in the space. RBC views coatings stocks as good ways to play the pending recovery in construction, and has Outperform ratings on Sherwin-Williams (SHW) and PPG Industries (PPG). RBC put its only Underperform rating in the sector on Axiall (AXLL), citing the company's short ethylene position and leverage to single-family housing.
16:19 EDTPPGPPG Industries initiated with an Outperform at RBC Capital
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