Rock-Tenn Company (NYSE:RKT), an integrated manufacturer of corrugated and consumer packaging, has agreed to acquire the Simpson Tacoma Kraft Paper Mill located in Tacoma, Wash., for approximately $343 million. The transaction is structured as an asset purchase. Rock-Tenn Company (NYSE:RKT) has committed to invest $60 million in the mill during the next three years and…
Marrone Bio Innovations, Inc. (NASDAQ:MBII), a global provider of bio-based pest management and plant health products, said its Venerate Bioinsecticide has received federal registration from the EPA. BMII was up about 5% in Monday’s session, hitting a session high of $15.21 and trading in a 52-week range of $12.27 to $20.00. The insecticide controls a…
FTD (NASDAQ:FTD) gains nearly 5% Monday, subject of a largely favorable Barron’s weekly article ahead of the online florist’s earnings report this week. FTD was spun off from United Online in November and its shares have barely moved since. Barron’s thinks Wall Street is overlooking the company’s solid balance sheet, with net debt of $191…
Shares of Yandex (NASDAQ:YNDX) and other major Russian stocks trading in the West, including their American ADRs, fell on the escalating political and military crisis in the Ukraine. Yandex (NASDAQ:YNDX) , Russia’s largest search provider, fell 13.79% to $32.33 in afternoon trading. QIWI (NASDAQ:QIWI), an online payment systems provider, plunged 16.26% to $39.05. Mining company Mechel…
Cooper Tire & Rubber (NYSE:CTB) is down 8.2% to $22.79 per share after Q3 results showed a $29 million reduction in operating profit due to July/August work stoppages at the CCT joint venture and manufacturing inefficiencies. The company reported a Q3 net loss of $168,000 in Q3 compared to a net profit of $74 million…
Celldex Therapeutics (NASDAQ:CLDX) is lower Monday afternoon after its net loss widened and revenue declined compared to the year-ago period. Results were better than Wall Street’s expectations but could not fend off sellers. In early afternoon action, shares of the biopharmaceutical company are down 11% at $26.15 and traded earlier as low as $25.76. The stock…
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