On Thursday, LendingClub Corp (NYSE:LC)’s shares dwindled -3.46%, and closed at $18.40, as LendingClub Corp (LC), declared that CEO Renaud Laplanche and co-skipper Ryan Breymaier established a new world speed sailing record across the English Channel from the Royal Yacht Squadron Cowes, Isle of Wight to Dinard, France in 5 hours, 15 minutes, subject to ratification by the World Speed Sailing Record Council (WSSRC) aboard their 105-foot offshore trimaran “Lending Club 2″ at an average speed of 26.36 knots.
Other crew members comprised of Jan Majer, Stanislas Delbarre, Olivier Laplanche, navigator Boris Herrmann, French racing veterans Jean-Baptiste Le Vaillant and Roland Jourdain, and OBR Quin Bisset. Shore based weather routing was offered by Wouter Verbraak.
“After our attempt at breaking the Transpacific record in 2013, we had been working on assembling the right boat, crew and weather conditions to make another record attempt,” said Laplanche. “The Cowes to Dinard record is a very special challenge that had been around for over 10 years; I am very proud of what the crew accomplished recently.”
LendingClub Corporation operates as an online marketplace for connecting borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, counting unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans.
IAMGOLD Corp (USA) (NYSE:IAG)’s shares dropped -3.45%, and settled at $1.96, during the last trading session on Thursday, formerly on March 25, IAMGOLD Corp (USA) (IAG), declared that a Form 40-F report has been filed with the U.S. Securities and Exchange Commission, comprising of the 2014 annual audited financial statements, administration talk about and analysis and the annual information form (‘AIF”).
The AIF and the 2014 annual audited financial statements and administration talk about and analysis have also been filed with the appropriate Canadian regulatory bodies. These filings are accessible for viewing and retrieval through the Canadian securities regulatory authorities at www.sedar.com.
IAMGOLD Corporation primarily engages in the exploration, development, and operation of gold mining properties. It also explores for silver and copper deposits. The corporation holds interests in four operating gold mines, in addition to exploration and development projects located in Africa, South America, and Canada. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.
At the end of Thursday’s trade, North American Palladium Ltd (USA) (NYSEMKT:PAL)’s shares dipped -3.38%, and closed at $0.203, formerly on March 27, North American Palladium Ltd (USA) (PAL), declares that it has filed the NI 43-101 Technical Report for Lac des Iles Mine, Ontario Incorporating a Preliminary Economic Assessment of the Mine Expansion Plan (“2015 PEA”) on SEDAR.
Summary results of the 2015 PEA were talk about in a news release dated February 26, 2015. The PEA supports the new base case (“Base Case”) which extends the mine life from 2019 to 2029 and comprises current operations (“Current Mine Plan”) with the addition of an open pit expansion (“Open Pit Expansion”). The PEA also comprises the potential Phase 2 shaft deepening project (“Phase 2 Expansion”) where preliminary positive results indicate that further exploration and technical investigation is justified.
North American Palladium Ltd. produces precious metals in Canada. It explores for palladium, platinum, gold, nickel, copper, and other metals. It primarily holds interest in the Lac des Iles mine comprising about 8,623 hectares of mineral claims and leases, located to the northwest of Thunder Bay, Ontario. The corporation was founded in 1968 and is headquartered in Toronto, Canada.
Alcoa Inc (NYSE:AA), ended its Thursday’s trading session with -3.37% loss, and closed at $13.21, as Alcoa Inc (AA), stated strong first quarter 2015 profits. The Corporation’s strategy of building its value-add portfolio and creating a globally competitive commodity business is delivering results.
Alcoa stated first quarter 2015 net revenue of $195 million, or $0.14 per share, counting $158 million in restructuring-related charges (about 90 percent non-cash), mostly to optimize the Corporation’s portfolio. Year-over-year, first quarter 2015 results compare to a net loss of $178 million, or $0.16 per share.
First quarter 2015 proceeds rose 7 percent to $5.8 billion, from $5.5 billion in first quarter 2014. The proceeds raise resulted principally from organic growth, driven by strong automotive and aerospace volume. Positive market effects in the quarter were offset by capacity reductions and portfolio changes.
“First quarter results show our transformation is moving at ongoing high speed and is fully on course,” said Klaus Kleinfeld, Alcoa Chairman and Chief Executive Officer. “We are organically and inorganically broadening our innovative, multi-material value-add businesses, bringing new capabilities and materials to our aerospace and automotive offerings, and taking swift action in the upstream, making it more competitive. We are pulling on all levers to create sustainable shareholder value.”
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The corporation operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina. The Primary Metals segment produces primary aluminum.
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