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Metals Industry News
Plastics Industry News

Metals Industry News
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Carpenter reported net income of $24.1 million or $0.45 per diluted share. Excluding a discrete tax charge of $1.6 million related to the enactment of the Tax Increase Prevention Act of 2014, earnings per diluted share would have been $0.48 in the quarter.

Carpenter Declares Quarterly Cash Dividend
Media Inquiries William J. Rudolph, Jr. 208 -3892 Investor Inquiries: Michael A. Hajost 208-3476 CARPENTER DECLARES QUARTERLY CASH DIVIDEND Wyomissing, Pa. - The Board of Directors of Carpenter Technology Corporation , at its meeting yesterday, declared a quarterly cash dividend of $0.18 per share of common stock, payable March 5, 2015, to shareholders of record on February 10, 2015.

Insider Buying: Commercial Metals Company Director Purchases 7,500 Shares of Stock
Commercial Metals Company Director Rhys J. Best bought 7,500 shares of the stock in a transaction dated Monday, January 26th. The stock was purchased at an average price of $13.23 per share, with a total value of $99,225.00.

Walter Energy's Alabama coal production slows
Overall production at the Birmingham-based outfit's five active coal mines in Alabama and West Virginia fell by 7.8 percent to 2.14 million tons during the fourth quarter, according to an analysis released Tuesday by SNL Energy. All three of the company's Alabama mines saw production fall in Q4.

North American Palladium Sees Significant Increase in Short Interest
Shares of North American Palladium saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 9,571,968 shares, an increase of 2.7% from the December 31st total of 9,317,059 shares, ARN reports.

Rio Tinto Maintains Exploration Spending as Prices Drop
Rio Tinto Group , the world's second-largest mining company, will maintain greenfield exploration spending this year amid slumping commodity prices. Spending on exploration in areas without existing operations for all Rio's commodities will be slightly less than $200 million, little changed from 2014, said Stephen McIntosh, the head of exploration at the London-based company.

RTI International Metals Raised to Outperform at Zacks
The firm currently has a $26.30 target price on the stock. Zacks 's target price suggests a potential upside of 20.59% from the stock's previous close.

Slide in US stocks slows in afternoon trading
Specialist Paul Cosentino, foreground center, works at the post that handles Cliffs Natural Resources, on the floor of the New York Stock Exchange Tuesday, Jan. 27, 2015. U.S. stocks are tumbling in midday trading, weighed down by disappointing forecasts from big-name companies and an unexpected drop in orders of long-lasting goods.

Cliffs Natural Resources Inc. Announces Decision on Bloom Lake Mine
The Bloom Lake Group had recently suspended operations and for several months has been exploring options to sell certain of its Canadian assets, among other initiatives. The decision to seek protection under the CCAA was based on a thorough legal and financial analysis of the options available to the Bloom Lake Group.

Buzz Stocks: Rock-Tenn Company, IBM, and Cliffs Natural Resources Inc.
Stocks are pointed lower to start the week, as traders react to Greece's snap election .

Australian Stock Market Report - Morning January 27, 2015
The stock board at the Australian Securities Exchange is seen in central Sydney November 6, 2008. Australian shares fell 3.8 percent on Thursday, driven down by miners such as BHP Billiton Ltd, after U.S. economic data stoked fears of a prolonged slowdown in global economy.REUTERS/Daniel Munoz * In US economic data, the Dallas Federal Reserve manufacturing index fell from +3.5 to minus 4.4 in January.

Walter Energy: Is Bankruptcy Around The Corner?
The company was unable to sell any assets since the sale of the Blue Creek coal terminal back in August. Currently, the shares of Walter Energy are trading below the $1 mark.

Many U.S. Consumers Do Not Use a Food Thermometer When Cooking Poultry, Despite Hazardous Risks
Many consumers do not follow some recommended food safety practices when handling raw poultry at home, according to a study conducted by RTI International, Tennessee State University and Kansas State University. The study found that fewer than two-thirds of consumers own a food thermometer, and less than 10 percent of food thermometer owners actually use it to check for doneness of all types of poultry.

Cliffs Natural Resources (CLF) Stock Gains Today Following Elimination of Quarterly Dividend Payout
The move comes as the company said that it would instead use the resources set aside for the dividend to pay down its outstanding debt. The company said that it has already reduced its debt by more than $400 million through the fourth quarter through the repayment of short-term debt as well as the repurchase of more than $200 million aggregate principal amount of senior notes in the open market at an average discount of 34%.

Cliffs scraps dividend to help pay down debt amid iron ore slump
Cliffs Natural Resources announced Jan. 2 it had ended production at Bloom Lake, less than two months after the company said it was considering the closing of the project in northeast Quebec. Cliffs Natural Resources announced Jan. 2 it had ended production at Bloom Lake, less than two months after the company said it was considering the closing of the project in northeast Quebec.

Elmer Stewart of Copper Fox Metals: Van Dyke Still Has Room to Grow
Resource Investing News caught up with Elmer Stewart, CEO of Copper Fox Metals , at Cambridge House International's 2015 Vancouver Resource Investment Conference to find out a bit more about the company's projects. Specifically, Stewart touched on the recently released initial resource estimate for the company's potential in-situ Van Dyke copper project in Arizona, noting that the deposit still remains open for expansion.

Alumina Limited's Outperform Rating Reaffirmed at Macquarie
's stock had its "outperform" rating reissued by Macquarie in a research note issued on Sunday. They currently have a $2.10 target price on the stock.


Plastics Industry News
Dow Prevails in Akzo Patent Suit
A federal-court judge has cleared Dow Chemical Co. of claims that it infringed upon a 2004 patent by coatings giant AkzoNobel Coatings Inc. The brief order Monday by U.S. District Court Judge Leonard P. Stark ends a years-long lawsuit by AkzoNobel, claiming that the Delaware-based chemical multinational stole Akzo's patented high-temperature method for creating polymer dispersions.

Albemarle misses Wall Street earnings projections
Baton Rouge-based specialty chemicals maker Albemarle Corp. reported a fourth-quarter loss of $18.5 million, or 24 cents per share, compared to a profit of $155.9 million, or $1.91 per share a year ago. For the year, the company reported a profit of $133.3 million, or $1.69 per share, compared to $413.2 million, or $4.90 per share.

FrontFour Capital says the industrial manufacturer could be 'very attractive' to potential suitors.
Activist investor FrontFour Capital Group LLC on Wednesday launched a proxy contest to elect a short slate of three dissident directors to the eight-person board of industrial manufacturer OM Group Inc. "We have clearly and publicly stated our serious concerns with OM Group's performance and have outlined a clear path to value creation," said FrontFour principal David Lorber in a statement. Lorber is one of the firm's nominees.

Bridgestone Develops Conveyor Belt Wear Monitoring System
Bridgestone Corporation has developed a system capable of automatically assessing conveyor belt wear. The company plans to launch this system worldwide this month.

PolyOne reports lower profits for last three months of 2014 and full year
Plastics powerhouse PolyOne Corp. reported a slowdown in sales and a net loss of $14.6 million in the last three months of 2014. Sales totaled $869 million for the quarter.

Hedging Pays Off at Honeywell as Dollar Surge Punishes P&G
Procter & Gamble Co., by holding off on currency hedges, missed the benefits reaped by Honeywell International Inc. -- which heeded warnings at a crucial time. Back in October, Honeywell Chief Executive Officer Dave Cote reversed his policy and started using hedges because he was -- rightly so, it turned out -- concerned the euro may sink further against the dollar.

Press release distribution, EDGAR filing, XBRL, regulatory filings
INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of City National Corp. Over the Proposed Sale of the Company to Royal Bank of Canada )--CITY NATIONAL CORP.

Albemarle Corp. Named Star Site for Outstanding Safety and Health Management
January 27, 2015 Albemarle Corporation's South Haven facility was awarded the Michigan Voluntary Protection Program Star Award today, the state's highest workplace safety and health award, from the Michigan Occupational Safety and Health Administration . The MIOSHA program is part of the Michigan Department of Licensing and Regulatory Affairs .

Family Dollar Stores, Inc. (FDO); A. M. Castle & Co (CAS): Trian...
Nelson Peltz ' Trian Partners trimmed its stake in Family Dollar Stores, Inc. by more than 6 million shares. According to the 13D Form filed with the U.S. Securities and Exchange Commission on Tuesday, the investment firm now owns around 2.3 million Common Shares, which represent just a little over 2% of the company's outstanding stock.

Anticipated Earnings Increase for Eastman Chemical
Optimism surrounds Eastman Chemical , as it gets ready to report its fourth quarter results on Thursday, January 29, 2015. Analysts are expecting the company to book a profit of $1.54 a share, up from $1.35 a year ago.

U.S. multinationals hit hard by strong dollar, to bleed further into 2015
A slew of U.S. multinational companies from DuPont to Microsoft Corp showed that a strong U.S. dollar is hammering their earnings, with several blue chip exporters predicting the situation will get worse if the greenback holds its strength. All told, the resurgent U.S. currency could shave up to $12 billion off U.S. companies' fourth-quarter 2014 revenue alone, according to currency expert Wolfgang Koester, the chief executive of FireApps, a data analytics company in Phoenix, Arizona that examines quarterly reports for currency related losses.

A. Schulman, Citadel continue buying blitz
A. Schulman Inc. and Citadel Plastics Inc. - two deal-happy materials firms - were at it again in the second half of 2014. The two firms now have combined for 18 acquisitions in less than Don't worry, it's painless.

Slow Seed Sales Contribute to Dow Earnings Drop
Agriculture companies continue to be negatively impacted by falling corn prices in the fourth quarter - David Begleiter, a New York-based analyst at Deutsche Bank AG DuPont Co., the chemicals company facing a proxy contest with activist shareholder Trian Fund Management LP, posted an unexpected drop in fourth-quarter sales and forecast 2015 earnings that trailed analysts' estimates. Revenue fell to $7.38 billion from $7.75 billion, Wilmington, Delaware-based DuPont said in a statement Tuesday, compared with the $7.79 billion average of 12 estimates compiled by Bloomberg.

Gevo scores Supreme Court win in biofuels patent battle with Butamax
Gevo Inc. , which specializes in turning corn into fuel and feedstocks for the chemical industry, said Tuesday that it has scored a win at the U.S. Supreme Court. The news comes the week after Douglas County-based Gevo, facing losses and with a share price well below $1, said it was cutting its headquarters staff by 41 percent, from 56 to 33. The Supreme Court on Monday ordered that a long-running legal battle between Gevo and rival biofuels company Butamax Advanced Biofuels LLC be remanded back to the Federal Circuit Court of Appeals for further review.

DuPont profit rises, but strong dollar cuts into sales
Changes to DuPont's portfolio and improved productivity boosted fourth-quarter earnings and helped to offset the negative impact of a stronger dollar. The company, based in Wilmington, Delaware, boosted its estimated costs savings from operational redesigns by $300 million, to at least $1.3 billion by 2017 DuPont also plans to return most if not all of an estimated $4 billion in dividend proceeds to shareholders from the spinoff of its performance chemicals unit into a separate company called Chemours.

Fluoropolymer Market in the Healthcare Industry 2019 - Plastics Replacement Drives Growth offers Global Fluoropolymer Market in the Healthcare Industry 2015-2019 a new research report in its store. Increased expenditure in R&D, owing to the growing competition and the development of environment-friendly methods of production, is one key trend in this market.

Celanese Supports Federal Initiative for Advanced Composites Manufacturing Innovation
The Institute for Advanced Composites Manufacturing Innovation , led by The University of Tennessee, Knoxville, was selected by the U.S. DOE to become a national institute aimed at creating better composite materials and technologies for rapid deployment within the automotive, wind turbine and compressed gas storage industries. Celanese is among the consortium of 122 companies, nonprofits, and universities led by the University.

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