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POT

Potash

$17.59

-0.3 (-1.68%)

17:07
11/23/16
11/23
17:07
11/23/16
17:07

Potash to cut, curtail production at several facilities, cites 'market demand'

Potash Corporation of Saskatchewan outlined operational changes at its Cory potash facility as well as inventory adjustments at its Allan and Lanigan facilities. The operational changes at Cory include a move to producing only white potash with an expected operational capability of approximately 0.8M tonnes. The facility previously had an operational capability of approximately 1.4M tonnes and produced both red and white potash. The changes will result in a reduction of approximately 100 permanent employees and 40 temporary positions. About 350 employees will continue to work at the facility. The workforce reduction will primarily take effect in February with remaining changes occurring in 3Q17. The operational change is not expected to impact the availability or quality of products across the company's portfolio of operations, it said. "We are making this decision to optimize production to our lowest cost operations, including Rocanville and other Saskatchewan sites," the company noted. PotashCorp also indicated that, with the ramp-up of additional low-cost production from Rocanville and "consistent with the company's practice of matching supply with market demand," its Lanigan facility will curtail production for six weeks beginning January 2017 and its Allan facility will curtail production for 12 weeks beginning February 2017. The number of temporary layoffs associated with these inventory adjustments has not been determined, the company said. Reference Link

POT Potash
$17.59

-0.3 (-1.68%)

10/07/16
RBCM
10/07/16
UPGRADE
RBCM
Outperform
Potash upgraded to Outperform from Sector Perform at RBC Capital
10/10/16
RBCM
10/10/16
UPGRADE
RBCM
Outperform
Potash upgraded on merger at RBC Capital
As noted on Friday, RBC Capital upgraded Potash (POT) to Outperform from Sector Perform. RBC Capital analyst Andrew Wong says that the estimated synergies of the Agrium (AGU)/Potash merger are "compelling." Wong calls the synergies "ambitious but achievable," and adds that the strategic benefits of the deal are "just as important as synergies." He thinks that the benefits of the deal "outweigh potential risks related to changing potash exposure." Target to $19 from $15.
10/25/16
CLVD
10/25/16
NO CHANGE
CLVD
Potash Q3 estimates lowered at Cleveland Research
Cleveland Research analyst Mike Piken lowered Potash's FY16 earnings estimate to 46c from 51c to reflect we see weaker nitrogen prices.
10/31/16
ATLE
10/31/16
UPGRADE
ATLE
Neutral
Potash upgraded to Neutral from Underweight at Atlantic Equities

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CNX

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CONE Midstream participates in an analyst and investor day »

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AMD

AMD

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Arthur J. Gallagher

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NYT

New York Times

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Detroit Economic Club to hold a luncheon meeting »

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AZN

AstraZeneca

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14:28
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AstraZeneca has a luncheon meeting with Philadelphia Securities Association »

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CASC

Cascadian Therapeutics

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-0.03 (-0.53%)

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Genomic Health

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UT Health Science Center to hold a symposium »

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Cascadian Therapeutics

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Genomic Health

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MYGN

Myriad Genetics

$17.40

0.41 (2.41%)

RDUS

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$43.94

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OCX

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ABBV

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BAYRY

Bayer

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CELG

Celgene

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CLDX

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PFE

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PBYI

Puma Biotechnology

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TSRO

TESARO

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NSTG

NanoString

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NVS

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2.15 (3.18%)

NVTA

Invitae

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BBSI

Barrett Business

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1.85 (3.06%)

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Craft Brew

$16.65

0.45 (2.78%)

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Roth Capital to hold a conference »

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Barrett Business

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Craft Brew

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DFBG

Differential Brands

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DLA

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ESCA

Escalade

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FLKS

Flex Pharma

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KONA

Kona Grill

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LNDC

Landec

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MEET

MeetMe

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MITK

Mitek Systems

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MB

MINDBODY

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OSI Systems

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PLNT

Planet Fitness

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ROX

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RSYS

RadiSys

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SWHC

Smith & Wesson

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VSTO

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West Marine

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ANET

Arista Networks

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Cisco

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Arista Networks favored in ITC initial determination on four of six patents »

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Arista Networks

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Cisco

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TKTDY

Takata Corporation

$10.70

0.05 (0.47%)

18:22
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U.S. DOT looks to accelerate pace of Takata air bag replacements, Reuters says »

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DV

DeVry

$31.90

0.9 (2.90%)

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Breaking Hot Stocks news story on DeVry »

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CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

18:10
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Cornerstone OnDemand considers sale amid activist pressure, Bloomberg reports »

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CVM

CEL-SCI

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-0.0014 (-1.17%)

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NYSE MKT says CEL-SCI noncompliant with certain listing requirements »

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XOM

Exxon Mobil

$89.00

0.68 (0.77%)

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Exxon CEO Tillerson emerges as top candidate for secretary of state, WSJ says »

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FUL

H.B. Fuller

$50.36

0.05 (0.10%)

17:58
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H.B. Fuller announces restructuring, to eliminate, relocate 220 positions »

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BIIB

Biogen

$287.77

-1.77 (-0.61%)

17:53
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Biogen looks like a bargain, Barron's reports »

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SNY

Sanofi

$40.40

0.63 (1.58%)

17:42
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Sanofi to lay off 20% of U.S. diabetes, cardiovascular staff, Bloomberg says »

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CSOD

Cornerstone OnDemand

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Cornerstone OnDemand considers sale amid activist pressure, Bloomberg reports »

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TACO

Del Taco

$14.75

-0.39 (-2.58%)

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Breaking Hot Stocks news story on Del Taco »

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UNVR

Univar

$26.36

0.54 (2.09%)

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Baxalta

17:30
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Univar names Eric Foster chief information officer »

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Univar

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Baxalta

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

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Breaking Hot Stocks news story on Parnell 

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BSX

Boston Scientific

$20.81

0.2 (0.97%)

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Nevro

$76.38

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Boston Scientific files patent infringement suit against Nevro »

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BSX

Boston Scientific

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NVRO

Nevro

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RTN

Raytheon

$146.30

0.14 (0.10%)

17:21
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Raytheon awarded $101.9M government contract »

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CX

CEMEX

$8.77

-0.16 (-1.79%)

17:18
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CEMEX receives subpoena from SEC regarding Foreign Corrupt Practices Act »

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