www.PicksThatMove.com: "Picks that move" Alerts, November 20, 2009: FLO, DOW, ANR, VLO, KOP and FDX
Saturday, Nov 21,2009, 12:20:39 PM Click:
-- November 20, 2009 Flowers Foods (NYSE: FLO) at $23.21 on a volume of 120,054 shares
In a press release on November 20, Flowers Foods Declares Dividend
THOMASVILLE, Ga., Nov 20, 2009 The board of directors of Flowers Foods (NYSE: FLO) today announced a quarterly dividend of $.175 per share. This action renews the annual dividend rate of $.70. The dividend is payable on December 18, 2009, to shareholders of record on December 4, 2009.
About Flowers Foods
Headquartered in Thomasville, Ga., Flowers Foods is one of the nation's leading producers and marketers of packaged bakery foods for retail and foodservice customers. Among the company's top brands are Nature's Own, Whitewheat, Cobblestone Mill, Blue Bird, and Mrs. Freshley's. Flowers operates 40 bakeries that are among the most efficient in the baking industry. Flowers Foods produces, markets, and distributes fresh bakery products that are delivered to customers daily through a direct-store-delivery system serving the Southeast, Mid-Atlantic, and Southwest as well as select markets in California and Nevada. The company also produces and distributes fresh snack cakes and frozen breads and rolls nationally through warehouse distribution. For more information, visit www.flowersfoods.com.
-- November 20, 2009 The Dow Chemical Company (NYSE: DOW) trading at $27.95 on a volume of 2.21M shares
In a press release on November 20, Dow Corning Opens Solar Solutions Application & Business Center in Newark, California
MIDLAND, Mich., Nov 20, 2009 Dow Corning Corp. today opened a Solar Solutions Application & Business Center in Newark, California that will serve as its West Coast hub for customer sales, product evaluation and the development of commercialization strategy. The center, located within Dow Corning's 32,130-square-foot manufacturing facility, features state-of-the-art laboratories and testing facilities.
About Dow Corning
Dow Corning (www.dowcorning.com) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicones, silicon-based technology and innovation, Dow Corning offers more than 7,000 products and services via the company's Dow Corning(R) and XIAMETER(R) brands. Dow Corning is equally owned by The Dow Chemical Company (NYSE: DOW) and Corning, Incorporated (NYSE: GLW). More than half of Dow Corning's annual sales are outside the United States.
About Dow Chemical Company
The Dow Chemical Company (Dow) is a diversified chemical company. The Company is engaged in the manufacture and sale of chemicals, plastic materials, agricultural and other specialized products and services. The Company has 150 manufacturing sites in 35 countries and produces approximately 3,300 products. Dow operates in six segments: Performance Plastics, Performance Chemicals, Agricultural Sciences, Basic Plastics, Basic Chemicals, and Hydrocarbons and Energy. The Company is also engaged in the property and casualty insurance and reinsurance business primarily through its Liana Limited subsidiaries. In January 2009, the Company announced that its thermoplastic polyurethane (TPU) business was acquired by Lubrizol Corporation. In July 2008, JPS Industries Inc. completed the sale of its Stevens Roofing and Geomembrane business unit and related assets to Dow Building Solutions, a market-facing unit of Dow. In April 2009, the Company acquired Rohm and Haas Company.
-- November 20, 2009 Alpha Natural Resources, Inc. (NYSE: ANR) trading at $39.12 on a volume of 714,180 shares.
In a press release out on November 20, Emerald Mine Experiences Roof Fall
ABINGDON, Va., Nov 20, 2009 Emerald Coal Resources, LP, an affiliate of Alpha Natural Resources, Inc. (NYSE: ANR), said that its Emerald longwall mine near Waynesburg, Pa. experienced a roof fall Wednesday that disabled its main conveyor line and shut down coal production. No employees were in the area at the time of the roof fall and there were no injuries.
About Alpha Natural Resources
Alpha Natural Resources is one of America's premier coal suppliers with coal production capacity of more than 90 million tons a year. Alpha is the nation's leading supplier and exporter of metallurgical coal used in the steel-making process and is a major supplier of thermal coal to electric utilities and manufacturing industries across the country. The company, through its affiliates, employs approximately 6,200 people and operates more than 60 mines and 14 coal preparation facilities in the regions of Northern and Central Appalachia and the Powder River Basin. More information about Alpha can be found on the company's Web site atwww.alphanr.com.
-- November 20, 2009 Valero Energy Corporation (NYSE: VLO) last at $16.56 a volume of 4.19M shares
In a press release out on November 20, Valero to Permanently Close Delaware City Refinery to Strengthen Financial Position
DELAWARE CITY, Del., Nov 20, 2009 Valero Energy Corporation (NYSE: VLO) announced today it intends to permanently shut down its Delaware City refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs. The shutdown will affect approximately 550 employees at the plant.
About Valero
Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,000 employees and 2008 revenues of $119 billion. The company owns and operates 16 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3 million barrels per day, making it the largest refiner in North America. Valero is also one of the nation's largest retail operators with approximately 5,800 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names including Valero, Diamond Shamrock, Shamrock, Ultramar, and Beacon. Please visit www.valero.com for more information.
-- November 20, 2009 Koppers Holdings Inc. (NYSE: KOP) last at $29.01 on a volume of 28,600 shares
In a press release out on November 20, Koppers Prices Offering of $300 Million 7.875% Senior Notes due 2019
PITTSBURGH, PA, Nov 20, 2009 Koppers Inc., a subsidiary of Koppers Holdings Inc. (NYSE: KOP), today announced that it has priced its previously announced private offering of $300 million aggregate principal amount of 7.875% Senior Notes due 2019 (the "Notes") at an issue price equal to 98.311% of the principal amount of the Notes. The Notes will pay interest semi-annually on December 1 and June 1 of each year, beginning on June 1, 2010, and will mature on December 1, 2019. The Notes will be guaranteed by Koppers Holdings Inc. and certain of Koppers Inc.'s domestic subsidiaries.
About Koppers Holdings Inc.
Koppers Holdings Inc. (Koppers Holdings), formerly as KI Holdings Inc., is an integrated provider of carbon compounds and commercial wood treatment products. Its products are used in a variety of applications in a range of end markets, including the aluminum, railroad, specialty chemical, utility, rubber, and steel industries. It operates two principal businesses: Carbon Materials and Chemicals, and Railroad and Utility Products. It processes coal tar into a variety of products, including carbon pitch, creosote, and phthalic anhydride, which are critical intermediate materials in the production of aluminum, the pressure treatment of wood and the production of plasticizers, and specialty chemicals. Through its Railroad and Utility Products business, the Company supplies railroad crossties in North America. In October 2008, Koppers Holdings sold 95% interest in Koppers Monessen Partners to ArcelorMittal S.A.
-- November 20, 2009 FedEx Corporation (NYSE: FDX) trading at $81.12 on a volume of 899,693 shares
In a press release out on November 20, FedEx Corp. Board Declares Quarterly Dividend
MEMPHIS, Tenn., Nov 20, 2009 The Board of Directors of FedEx Corporation (NYSE: FDX) today declared a quarterly cash dividend of $0.11 per share on FedEx Corporation common stock. The dividend is payable January 4, 2010 to stockholders of record at the close of business on December 14, 2009.
About FFedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $34 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 275,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.
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