This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Agrium Won't Spin Off Retail Unit: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include Agrium (AGU - Get Report) after the farm retailer said it won't spin off its retail operations despite urging from shareholder Jana Partners.

According to reports, Jana, which typically invests in companies undergoing changes like spinoffs, wants the unit split from its wholesale business. Agrium President Michael Wilson said the company's board unanimously agreed that a spinoff would not be in the best interests of the company or its shareholders.

Agrium has been positive about its outlook as a drought in the Midwest is leading to higher grain prices. The company reported a higher-than-expected second quarter profit and a C$900 ($907 million) share buyback plan.

According to Wilson, Agrium shareholders "will receive far greater value with less risk under the company's current strategy."

Standard Chartered is trending as the chief executive of the bank is in New York for a hearing with a regulator to discuss charges the bank hid transactions with ties to Iran.

The New York State Department of Financial Services accuses Standard Chartered of hiding and deleting information that would have revealed transactions' links to Iran. The bank could have its license to operate in New York revoked.

Standard Chartered said CEO Peter Sands is ready and willing to meet with the regulator to discuss the allegations and said it has been cooperating with the investigations. The bank has admitted to violations on 300 transactions.

While some reports say Standard Chartered has attempted to settle the case for $5 million, the bank has not confirmed the reports. A hearing will take place on Wednesday and it is unclear whether the bank will participate.

Motorola is another popular search. Reports indicate the Droid RAZR HD will arrive in October.

According to the rumors, Motorola plans to release the Droid RAZR HD as well as the Droid RAZR MAXX HD in October, pending enough sales of the Droid RAZR and RAZR MAXX. Reports indicate the launch of the new devices could be pushed back if enough Droid RAZR and RAZR MAXX devices have not been sold in time.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AGU $81.92 0.00%
GOOG $683.11 0.00%
AAPL $93.70 0.00%
FB $101.91 0.00%
TSLA $150.47 0.00%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs