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E. I. du Pont de Nemours and Company (DuPont) (DD)

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  • Nov. 18, 2012, 3:39 AM
    The DOJ has ended an antitrust investigation into the U.S. seed industry without filing charges. Justice had requested information from Monsanto (MON) about its business practices regarding to its Roundup Ready soybean, which is designed to withstand the application of the herbicide glyphosate. DuPont (DD) also received a demand for information but doesn't believe the probe was aimed at its behavior.
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  • Nov. 16, 2012, 12:29 PM
    Gevo (GEVO -0.1%) gains a favorable appeals court ruling allowing it to sell some of its biofuels products while a patent infringement case brought by Butamax Advanced Biofuels, the JV of DuPont (DD) and BP, is pending. The case is part of a broader dispute between the companies over genetically engineered microorganisms used to produce biofuels.
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  • Oct. 25, 2012, 12:05 PM
    DuPont (DD) declares $0.43/share quarterly dividend, in line with previous. Forward yield 3.82%. For shareholders of record Nov 15. Payable Dec 14. Ex-div date Nov 13. (PR)
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  • Oct. 23, 2012, 2:16 PM
    DuPont (DD -8.9%) follows its ugly Q3 earnings assessment with a declaration that its infrastructure projects in China had "stalled." CEO Ellen Kullman tells analysts during the post-earnings conference call she had visited China two weeks ago and noted demand had been hit by uncertainty over upcoming leadership changes, though economic stimulus efforts were starting to bear fruit.
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  • Oct. 23, 2012, 2:05 PM
    The slide in DuPont (DD -9%) shares wipes away all their 2012 gains following the weak Q3 earnings report. But DD says it remains on track to achieve its full-year 2012 productivity targets for both fixed costs and working capital, and it is "taking the necessary steps" to move long-term into higher growth, higher margin businesses such as agriculture, nutrition and biotech. Also: DOW -3.1%, MON -1.8%.
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  • Oct. 23, 2012, 10:37 AM
    Solar stocks (TAN -2.2%) are lower as DuPont (DD) notes a Q3 volume decline in photovoltaic materials. In total, DD's electronics and communications segment reported a 28% drop in revenues in the most recent quarter. FSLR -4.4%, SPWR -3.2%, STP -1.8%, TSL -1.1%.
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  • Oct. 23, 2012, 9:10 AM
    Premarket gainers: ARMH +7%. COH +6%.
    Losers: RSH -14%. SVU -9%. WDC -8%. RF -8%. ALV -7%. DD -7%. GNTX -7%. NOK -7%. MT -5%.
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  • Oct. 23, 2012, 6:23 AM
    More on Du Pont (DD) Q3: net income falls to $10M from $452M a year earlier. Announces restructure to make pretax cost savings of $450M ($300M in 2013), will cut 1,500 jobs globally in the next 12-18 months. Forecasts FY adjusted EPS from continuing operations at $3.25-$3.30 vs $3.55 in 2011 and consensus of $3.93. Shares -3.5%. (PR)
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  • Oct. 23, 2012, 6:03 AM
    DuPont (DD): Q3 EPS of $0.32 misses by $0.17. Revenue of $7.39B (-9% Y/Y) misses by $750M. (PR)
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  • Oct. 23, 2012, 12:05 AM
    Notable earnings before Tuesday’s open: AKS, AME, ARMH, CIT, COH, DD, FMER, GNTX, HOG, ITW, LXK, MMM, NMM, NUS, PLD, RAI, RF, RSH, SNV, UPS, UTX, VMED, WHR, XRX
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  • Oct. 22, 2012, 5:30 PM
    Notable earnings before Tuesday’s open: AKS, AME, ARMH, CIT, COH, DD, FMER, GNTX, HOG, ITW, LXK, MMM, NMM, NUS, PLD, RAI, RF, RSH, SNV, UPS, UTX, VMED, WHR, XRX
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  • Sep. 24, 2012, 2:08 PM
    A federal appeals court has stayed an injunction against South Korea's Kolon Industries in a trade-secrets battle with DuPont (DD -1.3%). A federal judge last month barred Kolon from producing any para-aramid fibers for 20 years after the company lost a court fight over high-strength synthetic fibers used in products such as Kevlar body armor. The decision means that Kolon can continue selling its Heracron fiber products while it appeals.
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  • Sep. 19, 2012, 11:54 AM
    RBC Capital initiates coverage on the chemicals sector today: LyondellBasell (LYB +1%, Celanese (CE +3.8%) and Valspar (VAL +3.4%) are all initiated with an Outperform (I, II, III) and Dow Chemical (DOW +0.1%), DuPont (DD +1%), Eastman Chemical (EMN +0.5%) and PPG Industries (PPG) are started at Sector Perform (I, II, III, IV).
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  • Aug. 31, 2012, 4:22 AM
    DuPont (DD) yesterday won a ruling that bars South Korea's Kolon Industries from making and selling a rival product to DuPont's Kevlar high-strength fiber for the next 20 years. The ban follows a verdict in September 2011 that awarded DuPont $919M after a jury found that Kolon stole trade secrets by hiring former DuPont staff. Kevlar is used in bulletproof vests and brake pads.
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  • Aug. 30, 2012, 7:47 AM
    Carlyle Group (CG) acquires DuPont Performance Coatings from DuPont (DD) for $4.9B in an acquisition that is expected to close in Q1. The deal ends various rounds of bidding that lasted for most of the summer.
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  • Aug. 29, 2012, 8:59 AM
    Syngenta (SYT) agrees to pay DuPont (DD) $125M to buy the latter's professional products insecticide business, which includes the Advion and Acelepryn brands, and other intellectual property. Syngenta says the deal will help it increase its profitability in the lawn and garden markets. (PR)
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Company Description
E I du Pont de Nemours & Company is a science and engineering company that offers products and patents applications for agriculture, nutrition, electronics and communications, safety and protection, home and construction, transportation and apparel.
Country: United States