On Tuesday, Shares of Vale S.A. (NYSE:VALE), lost -3.39% to $5.70, as the world’s largest iron-ore miner declared its plans to cut production, according to Bloomberg.
The company said at an industry conference in Sao Paulo that it will withdraw iron ore production by 25 million metric tons starting this month, Bloomberg added.
Vale S.A., together with its auxiliaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT), inclined 0.75% to $28.38, during its last trading session.
Hilton Worldwide Holdings, has evolved its legendary offerings to meet the needs of mindful guests by reimagining its spa concept, eforea spa. With 22 eforea spa locations across the globe and 42 in the pipeline, eforea spa has developed three new treatment enhancements that embrace ancient healing methods and a refreshed treatment menu to compliment the changes to the concept’s identity worldwide.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under 12 brand names, counting Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
Finally, Cloud Peak Energy Inc. (NYSE:CLD), ended its last trade with -2.09% loss, and closed at $4.21.
Cloud Peak Energy, declared that, effective July 7, 2015, Robert Skaggs has been elected to the Cloud Peak Energy Board of Directors and will also serve as a member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of the Board.
Skaggs is chairman of the board and chief executive officer of Columbia Pipeline Group, Inc.. CPG companies own and operate more than 15,000 miles of plannedally located natural gas pipelines, integrated with one of the largest underground storage systems in North America. Preceding to CPG’s separation from NiSource Inc. in July 2015, Skaggs served as chief executive officer of NiSource since 2005 and president since 2004. NiSource Inc. is a Fortune 500 energy holding company engaged in natural gas transmission, storage and distribution, in addition to electric generation, transmission and distribution. NiSource relies on balanced fuel sources for its generation, counting coal.
Cloud Peak Energy Inc., through its auxiliaries, produces coal in the Powder River Basin (PRB) and the United States. The company operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other segments.
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