Akorn was downgraded to hold at Deutsche Bank. $24 price target. Earnings estimates were also cut, given lower expected ephedrine sales, Deutsche said.
Category: Dow Chemical
Dow Chemical Subsidiary Must Pay $456 Million Award to Bayer
A federal appeals court ruled that a Dow Chemical subsidiary must pay $456 million for violating a patent licensing agreement with Bayer AG , affirming a lower court ruling. Jim Cramer ponders what motivates someone to call a market top, and talks about how the market could be playing ‘The Price Is Wrong.’
S&P, Nasdaq Dip Ahead of Fed Minutes; Dow Hits Record High
The S&P 500 and the Nasdaq slipped on Wednesday as investors awaited the Federal Reserve’s minutes from its most recent meeting for clues on the timing of the next interest rate hike. However, the Dow Jones Industrial Average hit a record intraday high for the eighth time in nine sessions, powered by a 4 percent gain in DuPont shares.
S&P, Nasdaq Dip Ahead of Fed Minutes; Dow Hits Record High
The S&P 500 and the Nasdaq slipped on Wednesday as investors awaited the Federal Reserve’s minutes from its most recent meeting for clues on the timing of the next interest rate hike. However, the Dow Jones Industrial Average hit a record intraday high for the eighth time in nine sessions, powered by a 4 percent gain in DuPont shares.
Dow Chemical Crushes Estimates, Looks Toward Closing $130 Billion Mega Merger
Dow Chemical posted stronger-than-expected fourth-quarter operating earnings and revenue Thursday and said it remains focused on the closing of its $130 billion merger with DuPont Operating earnings for the three months ended in December were 99 cents a share, the company said, well ahead of estimates of 88 cents, and up 6.45% from the same period last year. Headline results, however, indicated a quarterly loss of 3 cents a share.
The Latest: In Davos, Trump adviser rebuts isolationism talk
John Cryan, Chief Executive Officer of Deutsche Bank, speaks during a panel session on the first day of the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Tuesday, Jan. 17, 2017. ( CEO of The Dow Chemical Company Andrew N. Liveris gestures as he speaks during a panel ‘Size matters: The Future of Big Business’ at the ‘World Economic Forum’ in Davos, Switzerland, Tuesday, Jan. 17, 2017.
Warren Buffett’s Berkshire Hathaway (BRK.A) Gains Ahead of Dow Chemical Stock Conversion
The chemical giant plans to convert Berkshire Hathaway’s 3 million shares of preferred stock into common stock by year’s end. Shares of Warren Buffett’s Berkshire Hathaway were up .44% to $247,500 in Monday morning trading as the market reacted to Dow Chemical’s Friday announcement that it will convert the conglomerate’s preferred stock stake in the company into common stock by the end of the year.