Vale SA (ADR)(NYSE:VALE) reported that net debt in the second quarter of 2016 dropped almost 1% to $27.5 billion, while the cost of supplying iron ore to China declined to $30.30 a tonne including capital costs. However, with capital costs excluded, the cost of supplying iron ore to China stood at $28.50 a tonne. Luciano […]
Marketing
Recent trends demonstrate explosive nature of Drones in digital media
Drone activity over a raging wildfire in Los Angeles has prompted officials to issue a warning about impeding firefighters. As helicopters worked to drop water on the huge fire that has scorched about 52 square miles in Santa Clarita and destroyed 18 homes so far, several recreational drones were spotted flying into their airspace, which has the […]
Office Depot Inc (NASDAQ:ODP) Becomes A One-Stop-Shop With Its Realspace® Modern Comfort Series Of Office Products
Those who are looking for elegantly designed office chairs that make the most use of cutting-edge technologies in comfort seating need not look further. Office Depot Inc (NASDAQ:ODP) will meet their desire having launched Realspace® Modern Comfort Series of office products. In affirmation of the new line of products that features a range of seating […]
Pfizer Inc. (NYSE:PFE) Wins A $40 Million Bid By BIND Therapeutics Inc (NASDAQ:BIND)
Pfizer Inc. (NYSE:PFE) was the winner of a $40 million bid by BIND Therapeutics Inc (NASDAQ:BIND). PFE succeeded at a Section 363 auction initiated by the Cambridge, Massachusetts-based biotechnology company which is selling off its assets. Among other two unidentified companies that had joined the auction Pfizer’s bid was selected as the highest and best. […]
Cenovus Energy Inc (USA)(NYSE:CVE) Combined Oil Sands Production Jumps 9%
Cenovus Energy Inc (USA)(NYSE:CVE) reported that it continued to report reliable and strong operating performance in 2Q2016. The strong operational performance included a 9% surge in combined oil sands production and a decline of 24% in per-barrel oil sands operating expenses versus the same quarter of 2015. Cenovus financial performance in 2Q2016 was negatively impacted […]
Nordic American Tanker Ltd (NYSE:NAT) Declares Dividend Of $0.25 Per Share
Nordic American Tanker Ltd (NYSE:NAT) board declared a dividend of $0.25 per share to its shareholders. The record date is August 17, 2016 and the dividend payout date is anticipated to be around or on August 31. The highlights Nordic American reported that the recent deliveries of 4 Japanese-developed second hand ships costing $106 million […]
Synergy Resources Corp (NYSEMKT:SYRG) 2Q2016 Production Jumps Almost 34% YoY
Synergy Resources Corp (NYSEMKT:SYRG) reported that in 2Q2016 production sales volumes came at 11.1 MBOE/day, showing 34% production growth compared to the comparable period in last year. Capital expenditures for the quarter ended June 30, 2016 came at $36.5 million. In the reported period, the company closed two equity offerings for net proceeds of $454.2 […]
Cameco Corporation (USA)(NYSE:CCJ) Reports Lower Gross Profit From Uranium And NUKEM Divisions
Cameco Corporation (USA)(NYSE:CCJ) released its consolidated financial and operating report for the second quarter closed June 30, 2016. Net losses attributable to stock holders in the reported quarter amounted to $137 million against net earnings of $88 million in the second quarter of FY2015. It can be largely attributed to impairment of company’s Rabbit Lake […]
Huntington Bancshares Incorporated (NASDAQ:HBAN) and Firstmerit Corp (NASDAQ:FMER) Enter Into A Definitive Agreement
Huntington Bancshares Incorporated (NASDAQ:HBAN) is considering acquiring Firstmerit Corp (NASDAQ:FMER) but only if the Board of Governors of the Federal Reserve System approves it. The two have a unique history of having sustained banking needs of local communities, families, and businesses all over the Midwest. Hence their coming together will have such a positive impact […]
Banco Santander, S.A. (ADR) (NYSE:SAN) and UniCredit SpA (BIT:UCG) Call Off Their Merger Talks
Banco Santander, S.A. (ADR) (NYSE:SAN) and UniCredit SpA (BIT:UCG) will not merge their asset management businesses after all. The two have halted negations that have been running for close to 20months. The Italian bank alleges that the Spanish bank failed to meet regulatory requirements within a designated time frame which curtailed the possibility of working […]
