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Metals Industry News
Plastics Industry News

Metals Industry News
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.

People on the Move: 1/25/2015
S&T Bank hired George Basara as general counsel and executive vice president, human resources, and Steve Smith as senior vice president, property and purchasing. The Federal Reserve Bank of Cleveland announced the following appointments: Pittsburgh Branch: Dawne S. Hickton, vice chair, president and chief executive officer, RTI International Metals Inc. was reappointed chairman of the board of the Pittsburgh Branch of the Federal Reserve Bank of Cleveland for 2015.

U.S. Housing Starts Jump Higher, and More
What's News: U.S. housing starts jump, congressional Republicans push back against President Obama's economic agenda, and BHP Billiton Ltd. warns of $250 million in write-downs. Lee Hawkins reports.

Analyst Update: LinkedIn Corporation, Puma Biotechnology, Inc., and Cliffs Natural Resources Inc.
PBYI is up 9.7% at $213.44, after RBC -- which weighed in on several pharmaceutical names -- initiated coverage with an "outperform" rating and a $282 price target. This projection represents a 32.1% increase from the equity's current perch -- lofty expectations for a stock that has underperformed the S&P 500 Index by almost 25 percentage points in the past three months .

Trimas Names Rice CFO for Cequent Spin-off
TriMas Corp. announced David Rice as the future CFO of the new Cequent organization, once the previously announced spin-off from TriMas is complete. The spin transaction is expected to be completed in mid-2015.

Insider Buying: Azz Cfo Acquires 2,000 Shares of Stock
AZZ CFO Paul Wesley Fehlman bought 2,000 shares of the stock on the open market in a transaction dated Thursday, January 22nd. The stock was purchased at an average cost of $40.95 per share, for a total transaction of $81,900.00.

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Plastics Industry News
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.

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.

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
ReportsnReports.com 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.

Insider Selling: Ksa Capital Management, Llc Sells 2,400 Shares of AEP Industries Stock
AEP Industries major shareholder Ksa Capital Management, Llc sold 2,400 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $54.85, for a total value of $131,640.00.

Eastman insurance plan leaves out local pharmacies
One of Tri-Cities' biggest employers made a change this year that could affect area business. Eastman Chemical Company's insurance now only covers medications purchased through CVS.

Licensed Day Cares Supporting Stricter Safety Policies in VA
Legislators in Richmond are pushing for stricter laws that promote safety at day cares in Virginia. Child care centers in Charlottesville and Albemarle County say they support strengthening safety policies because they say too many children are harmed in unlicensed care.

Midland's Charles J. Strosacker Foundation awards a $232,000 grant for diabetes prevention
The Charles J. Strosacker Foundation has awarded a $232,000 grant to the Michigan Health Improvement Alliance Inc. to implement a diabetes prevention program. The alliance is partnering with local agencies and a national organization for the MiHIA Diabetes Prevention Program project, which begins in April.

DuPont Share Gains Pose Obstacle to Trian Fight for Board Seats
The biggest obstacle to Trian Fund Management's bid to win four board seats and break up DuPont Co. could be the 212-year-old chemical makers' high-flying share price.

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EQUATE Petrochemical Company, Kuwait's first international joint-venture, hosted a number of leaders from Kuwait Petroleum Corporation & Subsidiaries during the company's world record breaking Turnaround that has set a new global benchmark for petrochemical plants. The visits included KPC Deputy Board Chairman & CEO Nizar Al-Adsani, the Board Chairman of Kuwait National Petroleum Company and Petrochemical Industries Company CEO Asaad Al-Saad, EQUATE Board Chairman Abdulrasool Jafar, EQUATE President & CEO Mohammad Husain, EQUATE's senior management, as well as several EQUATE leaders and employees.

Japanese Stocks Fall After Weekly Gain as Syriza Wins Greek Vote
Japanese stocks fell, after the Topix index posted its first weekly advance in 2015, as anti-austerity party Syriza's election victory raised prospects of a renegotiation of Greece's international bailout. Nippon Sheet Glass Co., which counts Europe as its biggest market for sales, slipped 2.8 percent.

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