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Tower Semiconductor is seen on smartphone in front of displayed Intel logo in this illustration taken, February 15, 2022. Last year, DuPont De Nemours Inc (DD.N) scrapped its $5.2 billion deal to buy electronics materials maker Rogers Corp (ROG.N) after delays in securing approval from Chinese regulators. But Gelsinger also said Intel was investing in its foundry business, which makes chips for other companies, irrespective of the Tower deal. Investors had given up hope on the Tower deal as a result. It has committed to trimming $3 billion in costs this year, with an aim of saving between $8 billion and $10 billion by the end of 2025.

Persons: Dado Ruvic, Pat Gelsinger, Gelsinger, Benjamin Netanyahu, Anirban Sen, Max Cherney, Jamie Freed Organizations: Semiconductor, REUTERS, Intel Corp, chipmaker, Intel, State Administration, Market, DuPont De Nemours Inc, Rogers Corp, Investors, Nasdaq, Taiwan Semiconductor Manufacturing, Thomson Locations: China, United States, Taiwan, Israel, New York, San Francisco

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. Chart shows that the U.S.'s long-term foreign currency rating was downgraded by Fitch to AA+ in 2023, following a similar move from S&P in 2011. ET, Dow e-minis were down 104 points, or 0.29%, S&P 500 e-minis were down 24 points, or 0.52%, and Nasdaq 100 e-minis were down 132.25 points, or 0.84%. Among other early movers, Starbucks (SBUX.O) eased 1.9% after the world's largest coffeehouse chain missed market expectations for quarterly comparable sales. Reporting by Johann M Cherian and Bansari Mayur Kamdar in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Fitch, Mark Haefele, Wells Fargo, Johann M Cherian, Saumyadeb Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Wall, AAA, Standard, UBS Global Wealth Management, Fitch, AA, Dow e, Nvidia, Microsoft, Devices, U.S, Caterpillar, CVS Health Corp, DuPont de Nemours, Investors, Thomson Locations: New York City, U.S, States, Wells, Bengaluru

☆ These 10 states are running America's best economies for residents
▼ + stars: | 2023-07-13 | by ( Scott Cohn | ) www.cnbc.com time to read: +8 min

To determine which states have the best economy, we look at overall economic growth and annual job growth on a percentage basis, as well as the health of state finances. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. IndianaWhile the Hoosier State's economy is hardly a barnburner, Indiana offers stability. The state's debt rating is solid. UtahThe Beehive State's economy just keeps buzzing.

Persons: Christina, Dupont De Nemours, Incyte Carlos Hernandez, Eileen T, Meslar, Eli Lilly, Kyle Green, Lucas Jackson, George Frey, Zions, Tim Aeppel, —, Justin Sullivan, Lindsey Nicholson, Matthew Busch, payrolls, Jim Watson Organizations: Companies, Business, Getty, Bureau, AAA, Reuters, Indiana, Hoosier, Federal Housing Finance Agency, National Association of Realtors, Simon Property, Bloomberg, Gem, Data Solutions, Micron Technology, Lamb Weston Holdings, South, South Carolina, Union Pacific, Automotive Designs, . Tennessee The Volunteer State, Headquarters, FedEx, Tractor, Delta Airlines, Peach State, Assurant, Intercontinental Exchange, Universal, North, Bank of America, Duke Energy, Just Energy Group, Texas, Lone Star State, Oracle, Tesla, AFP Locations: U.S, States, Wilmington , Delaware, Delaware, Middlebury , Indiana, , Indiana, CBH, Calvary Springs, Nampa , Idaho, Idaho, California, York County , South Carolina, South Carolina, Palmetto, South, Salt Lake City , Utah, Utah, Bristol , Indiana, Tennessee, Alpharetta , Georgia, Georgia, Denver , North Carolina, North Carolina, Houston , Texas, The Texas, Texas, New York, Miami , Florida, Florida

June 22 (Reuters) - 3M Co has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to "forever chemicals," the chemical company announced on Thursday. The company said the settlement would provide the funds over a 13-year period to cities, towns and other public water systems to test and treat contamination of per- and polyfluoroalkyl substances, or PFAS. 3M, which is facing thousands of lawsuits over PFAS contamination, did not admit liability, and said the money will help support remediation at public water systems that detect PFAS "at any level." "The result is that millions of Americans will have healthier lives without PFAS in their drinking water." 3M had been scheduled to face a test trial in South Carolina federal court earlier this month in a lawsuit brought by Stuart, Florida.

Persons: Scott Summy, Stuart, Brendan Pierson, Clark Mindock, Alexia Garamfalvi, Chris Reese, Daniel Wallis Organizations: 3M, Environmental Protection Agency, EPA, DuPont de Nemours Inc, Corteva Inc, Thomson Locations: U.S, South Carolina, Stuart , Florida, New York

The judge asked for weekly updates, and said he would reschedule the trial if an agreement is not reached within 21 days. 3M spokesperson Sean Lynch said in a statement the parties are "making material and significant progress toward a resolution of this matter." [1/2] The 3M Global Headquarters in Maplewood, Minnesota, U.S. is photographed on March 4, 2020. It has said in court documents that PFAS have not been linked with health problems at the levels being discovered in drinking water. Bloomberg News reported last Friday that 3M had struck a tentative $10 billion deal with U.S. cities and towns to resolve the PFAS water pollution lawsuits it is facing.

Persons: Stuart, Richard Gergel, Paul Napoli, Sean Lynch, Nicholas Pfosi, Maria Ponnezhath, Clark Mindock, Juby Babu, Akanksha Khushi, Aishwarya Nair, Kim Coghill, Sonali Paul, Sriraj, Devika Syamnath, Alexia Garamfalvi, Marguerita Choy Organizations: 3M, District, Napoli, 3M Global, REUTERS, Bloomberg News, Environmental Protection Agency, DuPont de Nemours Inc, Corteva Inc, Thomson Locations: U.S, Florida, Charleston , South Carolina, South Carolina, Stuart , Florida, Maplewood , Minnesota, Bengaluru, New York

[1/2] The 3M Global Headquarters in Maplewood, Minnesota, U.S. is photographed on March 4, 2020. 3M was scheduled to face trial in South Carolina federal court on Monday in a lawsuit brought by the Florida city accusing the company of manufacturing PFAS, or per- and polyflouroalkyl substances, despite knowing for decades that the chemicals can cause cancer and other ailments. The company and lawyers for the city did not immediately respond to requests for comment. 3M announced in December that it would stop producing PFAS by 2025, amid increased legal and regulatory scrutiny. Bloomberg News reported last Friday that 3M had struck a tentative $10 billion deal with U.S. cities and towns to resolve the PFAS water pollution lawsuits it is facing.

Persons: Nicholas Pfosi, Stuart, Maria Ponnezhath, Clark Mindock, Kim Coghill, Sonali Paul Organizations: 3M Global, REUTERS, 3M, U.S, District, District of South Carolina Charleston Division, DuPont de Nemours Inc, Corteva Inc, Bloomberg News, Thomson Locations: Maplewood , Minnesota, U.S, Stuart, Florida, South Carolina, District of South, Bengaluru, New York

June 2 (Reuters) - 3M Co (MMM.N) has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to "forever chemicals," Bloomberg News reported on Friday, citing people familiar with the matter. 3M was scheduled to face trial on Monday against the City of Stuart, Florida. The city has said it is seeking more than $100 million from 3M to pay for water filtration and soil remediation. Litigation over them threatens companies like 3M, DuPont and others with billions of dollars in liabilities. The city claims firefighting foams containing PFAS were regularly sprayed at a local fire station, leading the chemicals to seep into the groundwater.

Persons: DuPont de Nemours Inc DD.N, CTVA.N, Stuart, Priyamvada, Clark Mindock, Brendan Pierson, Devika Syamnath, Alexia Garamfalvi, Matthew Lewis Organizations: Bloomberg, Reuters, DuPont de Nemours Inc, City, 3M, DuPont, Thomson Locations: U.S, DuPont, Stuart , Florida, South Carolina, West Palm Beach , Florida, Bengaluru, New York

☆ Chemical makers settle PFAS-related claims for $1.19 bln
▼ + stars: | 2023-06-02 | by ( Clark Mindock | ) www.reuters.com time to read: +2 min

The companies, which deny the allegations, said that they expect to finalize a formal agreement by the second quarter of 2023. Chemours said it would contribute half the agreed amount, while the remainder would be provided by DuPont and Corteva. A first trial testing those claims against 3M Co. is scheduled to begin next week. Chemours, DuPont and Corteva were originally included as defendants in that trial, but Gergel removed them from the proceedings last month. The companies also face claims in other courts raised by individuals and by state attorneys general in California, Maryland, Washington and elsewhere.

Persons: Chemours, Richard Gergel, Gergel, Sourasis Bose, Clark Mindock, Shounak Dasgupta, Vinay Dwivedi, Alexia Garamfalvi, Sharon Singleton Organizations: DuPont de Nemours Inc, Corteva Inc, DuPont, Corteva, 3M, U.S, District, Thomson Locations: U.S, South, California , Maryland, Washington, Bengaluru, New York

☆ Stocks making the biggest moves midday: Lululemon, SentinelOne, T-Mobile, MongoDB and more
▼ + stars: | 2023-06-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

MongoDB — Shares of the data developer rocketed 28% after the company forecast strong fiscal first-quarter earnings and boosted its full-year guidance. The company cited macroeconomic pressure as a contributor to slowing sales growth in a shareholder letter and cut its full-year revenue guidance. PagerDuty — Shares slumped 17.1% after the IT cloud company issued second-quarter revenue guidance that missed expectations. Samsara — The cloud company popped nearly 28% after reporting a smaller-than-expected first-quarter loss and lifting its full-year sales guidance. That's above the expected loss of 5 cents a share and $191.9 million in revenue, according to FactSet.

Persons: Lululemon, Amazon, MongoDB, Wall, SentinelOne, Dupont, Dupont de Nemours, Zscaler, Morgan Stanley, PagerDuty, StreetAccount, Dell, Ginkgo, Goldman Sachs, Goldman, Yun Li, Hakyung Kim, Brian Evans, Alex Harring Organizations: Wireless, Bloomberg News, Verizon, Mobile, Amazon, Dish, Broadcom —, Broadcom, Bank of America, Dupont de, DuPont, U.S . Water Systems, Stifel Locations: New York

☆ 3M reaches tentative pollution settlement of at least $10 bln - Bloomberg News
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

June 2 (Reuters) - 3M Co (MMM.N) has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to "forever chemicals", Bloomberg News reported on Friday, citing people familiar with the matter. Shares of 3M were up about 9% in afternoon trade. Last month, the Dutch government said it would hold 3M liable for polluting the Western Scheldt river with perfluoroalkyl and polyfluoroalkyl substances (PFAS) - dubbed "forever chemicals" because they can last thousands of years in nature without degrading. 3M did not immediately respond to a Reuters request for comment on the report. Reporting by Priyamvada C in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Priyamvada, Devika Organizations: Bloomberg, Chemours, DuPont de Nemours Inc, Corteva Inc, Thomson Locations: U.S, perfluoroalkyl, Bengaluru

☆ Stocks making the biggest moves premarket: SentinelOne, Lululemon, Dupont and more
▼ + stars: | 2023-06-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

SentinelOne — Shares fell more than 35% in premarket trading after cybersecurity company missed revenue expectations for the first quarter and cut its full-year revenue guidance. The company reported first-quarter revenue of $133.4 million, below the consensus estimate of $136.6 million from FactSet. It sees just $141 million in revenue for the second quarter, well below the $152.1 million consensus estimate from FactSet. ChargePoint said revenue would be between $148 million and $158 million this quarter, below the consensus estimate of $165.6 million from FactSet. Asana's revenue last period was $152.4 million,compared to the analyst consensus of $150.5 million from FactSet.

Persons: MongoDB, Lululemon, Dupont De, Corteva, Morgan Stanley, ChargePoint, PagerDuty, CNBC's Hakyung Kim, Jesse Pound, Yun Li Organizations: Dupont De Nemours —, Chemours, U.S . Water Systems, Bloomberg Locations: Canadian, U.S, China, FactSet

Kidde-Fenwal filed for Chapter 11 protection in Delaware bankruptcy court. Kidde-Fenwal sold AFFF foam products from 2007 to 2013, according to court documents. Kidde-Fenwal does not make AFFF products, but it previously sold AFFF products through a subsidiary called National Foam. 3M, a central defendant in the AFFF lawsuits, has said it would stop producing PFAS by 2025. The case is In re Kidde-Fenwal Inc, U.S. Bankruptcy Court for the District of Delaware, No.

☆ Stocks making the biggest moves midday: Shake Shack, Charles Schwab, Activision Blizzard and more
▼ + stars: | 2023-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Oneok shares slid 7.7%. The IRS is due to release the report this week, the Wall Street Journal reported. Activision shares added 1%, while Microsoft was little changed. The Wall Street firm said shares trade at a significant discount to peers. The Coach and Kate Spade parent has a strong valuation and long-term investment case, the Wall Street firm said.

☆ Stocks making the biggest premarket moves: Shake Shack, Charles Schwab, H&R Block, DuPont and more
▼ + stars: | 2023-05-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Charles Schwab -- Stock in the brokerage firm added 2.4% in premarket trading. SoFi Technologies -- The stock sank nearly 6% in the premarket following a downgrade by Wedbush to underperform from neutral. The Wall Street firm said SoFi's fee income may be reaching a tipping point and it may need to raise capital this year to support growth. Dupont De Nemours -- Shares added 2.7% in premarket trading after Deutsche Bank upgraded the chemical company to buy from hold. The Wall Street firm said the stock was trading at a 50% discount to its peers.

☆ 3-Stock Lunch: GOOGL, DD & SCHW
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: GOOGL, DD & SCHWAri Wald, Oppenheimer managing director, joins ‘Power Lunch’ to discuss three stocks: Alphabet, Dupont De Nemours and Charles Schwab.

☆ Stocks making the biggest premarket moves: Uber, Pfizer, Chegg, Dell & more
▼ + stars: | 2023-05-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Chegg — Chegg shares tumbled 42% in premarket trading after CEO Dan Rosensweig said he expects artificial intelligence is "having an impact on our new customer growth rate." However, its adjusted earnings per share and revenue for the first quarter beat estimates, per Refinitiv. NXP Semiconductors — Shares of the chip maker jumped about 5% after the company beat analysts' expectations for first-quarter revenue and operating income. However, its first-quarter revenue beat analysts' expectations, according to Refinitiv. The company is also planning an up to $2 billion share buyback after its annual general meeting.

☆ Stocks making the biggest moves midday: Uber, Chegg, Dell, PacWest, SoFi & more
▼ + stars: | 2023-05-02 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Uber — Shares of the ride-hailing giant jumped more than 8% after the company reported first-quarter revenue that beat analysts' expectations. Still, the company did beat expectations for the quarter and provide strong guidance. NXP Semiconductors — Shares of the chipmaker added more than 2% after the company beat analysts' expectations for first-quarter revenue and operating income. Revenue guidance for the second quarter was better than anticipated as well. The global bank also announced an upcoming $2 billion share buyback program and restored its quarterly dividend.

☆ These stocks will help investors break out of the sideways market doldrums, BMO says
▼ + stars: | 2023-05-02 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The stock market could be volatile and stay rangebound for the foreseeable future — but that doesn't mean investors should sit it out, according to BMO. The Canadian bank's year-end target of 4,300 for the S & P 500 implies just a 3.2% upside from where the broad index finished Monday. "Nonetheless, investors should remain opportunistic by employing active decision-making, in our view, as our analysis suggest that plenty of investment opportunities still exist even during range-bound market periods." He screened for stocks that have forword price-to-earnings multiples below the S & P 500 and forword earnings per share growth that's greater than the S & P 500's. The Delaware company also missed revenue expectations, reporting $3.02 billion against the $3.10 billion anticipated.

☆ DuPont trims revenue forecast on slow electronics recovery, shares fall
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

May 2 (Reuters) - DuPont de Nemours Inc (DD.N) on Tuesday cut its full-year revenue forecast, citing slower-than-expected recovery in the electronics and industrial markets, sending its shares down nearly 5% in premarket trading. The materials and chemicals maker expects customer utilization in the electronics markets to bottom in the "near-term" and improve only in the third quarter. DuPont cut the top-end of its annual sales forecast to $12.50 billion from $12.90 billion, while retaining the lower end at $12.30 billion. "Within electronics markets, we continue to see weakness and channel inventory destocking in the near-term," Chief Financial Officer Lori Koch said in a statement. "We continue to expect ongoing strength throughout the year in areas such as water, automotive, aerospace and healthcare," Koch said.

With markets increasingly volatile, BMO Capital Markets thinks investors should turn to a two-way strategy that provide returns and protection at the same time. The S & P 500 gained more than 1% last week, but it wasn't a smooth ride. Given this uncertain backdrop, BMO suggests relying on a dual-tiered approach encompassing growth at a reasonable price strategy, or "GARP," and a dividend growth barbell. The firm compiled a list of outperform-rated stocks that fit into the GARP or dividend growth themes. CF Industries and ConocoPhillips were also highlighted by BMO under their dividend growth strategy.

☆ Water’s big moment risks getting lost in the weeds
▼ + stars: | 2023-03-20 | by ( Antony Currie | ) www.reuters.com time to read: +6 min

The latest is research published last Thursday by the Global Commission on the Economics of Water. The sum, though, is just $140 million, and the U.S. government’s International Development Finance Corporation is pouring in three-quarter of the proceeds. But there is a decent investment case for water without state or supranational support. Without them, water’s big moment risks getting lost in the weeds. Follow @AntonyMCurrie on TwitterCONTEXT NEWSThe United Nations 2023 Water Conference starts on March 22, World Water Day, in New York.

☆ Starboard nominates directors to the board at Rogers. Here’s how the firm could boost margins
▼ + stars: | 2023-02-11 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Activist Commentary: Starboard Value is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. On Dec. 15, 2022 , Starboard delivered a letter to the company nominating four directors for election to the board at the 2023 Annual Meeting. Both sides seem to share the same views regarding margin improvement, and there is a new CEO who Starboard likely supports. Having Starboard representation on the board would help management stay focused and get the support it needs. While Starboard is not advocating for any strategic transaction, the firm is an economic animal with fiduciary duties.

His comments renewed investor hopes for less aggressive monetary policy that wavered after a strong U.S. jobs report last Friday. The tech-heavy Nasdaq (.IXIC) rallied on news form Microsoft Corp (MSFT.O), and the S&P 500 (.SPX) also got a boost. Most sectors on the S&P 500 ended higher. So far, more than half of the companies on the S&P 500 have reported quarterly earnings, with 69.1% of them beating expectations, according to Refinitiv. The S&P 500 posted 5 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 90 new highs and 31 new lows.

His comments came after a strong jobs report last week stymied rising hopes of less aggressive monetary policy. The Nasdaq and the S&P 500 fluctuated during and after Powell's remarks. Boosting the tech-heavy Nasdaq (.IXIC) and the S&P 500 (.SPX) was Microsoft Corp (MSFT.O). Six of the top 11 sectors on the S&P 500 fell, but technology (.SPLRCT) was among top gainers, up 1.61%. So far, more than half of the companies on the S&P 500 have reported quarterly earnings, with 69.1% of them beating expectations, according to Refinitiv.

☆ DuPont expects strong second-half on boost from China's reopening
▼ + stars: | 2023-02-07 | by ( Ankit Kumar | ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - DuPont de Nemours Inc (DD.N) on Tuesday projected results to improve in the second-half of the year from steadying consumer electronics demand, normalized inventory levels at customers and China's reopening. DuPont forecast annual sales of $12.30 billion to $12.90 billion, compared with estimates of $12.91 billion, according to Refinitiv IBES data. It expects full-year adjusted earnings between $3.50 and $4.00 per share, compared with estimates of $3.86. The price hikes helped DuPont post adjusted income of 89 cents per share in the fourth quarter, compared with estimates of 78 cents. California's attorney general last year sued DuPont, 3M (MMM.N) and several other companies over toxic "forever chemicals".

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