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Stock Market & Financial Investment News

News Breaks
February 4, 2014
07:35 EDTGRA, SEESealed Air completes settlement of W. R. Grace bankruptcy case
Sealed Air (SEE) announced it has completed the material remaining conditions of the previously disclosed settlement agreement with the committees appointed to represent asbestos claimants in the bankruptcy case of W. R. Grace (GRA). This agreement was approved by order of the U.S. Bankruptcy Court for the District of Delaware on June 27, 2005. Pursuant to the terms of the Settlement agreement, Cryovac, a wholly owned subsidiary of Sealed Air, fulfilled its obligation with payments to asbestos claims trusts in the aggregate amount of $930M cash and 18M shares of Sealed Air common stock. The company said, "We will no longer incur interest on the settlement, which amounted to $48M in 2013. Additionally, we anticipate meaningful cash tax benefits over the next several years that will provide cash that we can use to continue to add value to our business.
News For SEE;GRA From The Last 14 Days
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April 23, 2015
06:08 EDTGRAW.R. Grace backs FY15 adjusted EPS $5.05-$5.45, consensus $4.70
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06:06 EDTGRAW.R. Grace: We are on track to meet our 2015 goals
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06:06 EDTGRAW.R. Grace reports Q1 adjusted EPS 82c, consensus 79c
Reports Q1 revenue $720.6M, consensus $732.02M. Reports Q1 Grace Catalysts Technologies sales $281M; Reports Q1 Grace Materials Technologies sales $200.3M; Reports Q1 Grace Constructoin Products sales $239.3M.
April 22, 2015
15:50 EDTGRANotable companies reporting before tomorrow's open
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April 20, 2015
08:35 EDTGRAW.R. Grace should be bought on weakness, says Cowen
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April 15, 2015
07:31 EDTSEESealed Air acquires assets from Intellibot Robotics, terms not disclosed
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