On Wednesday, Shares of Vale S.A. (NYSE:VALE), lost -3.39% to $7.12.
Macquarie Research firm, downgraded Vale, from “Outperform” to “Neutral”, on May 13.
On other hand, Vale S.A. (VALE) stated its 1Q15 results on April 30, 2015. Overall production was a slight miss on market expectations, mainly due to weather-related seasonality and unpredictable weather-related events. Vale’s 1Q15 adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was also a miss on consensus estimates, mainly due to lower shipment volumes and lower realized iron ore prices.
Vale’s stock rose by 5.1% on May 1, even after the company’s weak results. This was mainly because there were signals that Vale might curtail its iron ore capacity up to 30 million tons. If it happens, it would be positive for Vale’s margins and positive for iron ore prices in general.
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. Its Bulk Material segment produces and extracts iron ore and pellet.
Shares of AOL Inc. (NYSE:AOL), inclined 0.49% to $50.77, during its last trading session.
Exterro® Inc., declared that AOL Inc. (AOL) has expanded its investment of Exterro’s software as part of an initiative to improve e-discovery efficiency and cut down on external spending. After successfully deploying Exterro Legal Hold last year, AOL is expanding its in-house e-discovery systems by adding Exterro E-Discovery Data Administration with Managed Review, Exterro Compliance Portal and Exterro’s SharePoint connector.
AOL adopted Exterro Legal Hold in 2013 as part of a planned initiative to automate its e-discovery processes and enable its legal team to programmatically manage the company’s preservation obligations. Expanding on that initiative, AOL is bringing more of its e-discovery process in-house with the following applications:
- Exterro E-Discovery Data Administration with Managed Review - AOL will now be able to conduct early case assessments, collections, analysis, review and productions internally to better assess matter issues, size and resource requirements much earlier in the discovery process. This comprises Exterro’s full managed review application to support large-scale, multi-tenant review, which will enable AOL to better control data volumes and cases being sent to outside counsel.
- Exterro Compliance Portal - To assist improve custodian compliance with legal hold requests, AOL has added Exterro Compliance Portal, which consolidates employees’ hold obligations and interview requests and allows them to be viewed on their PCs or from their smart phones, tablets and other personal devices.
- Exterro SharePoint Connector - Furthering its integrations with the company’s IT systems, AOL is integrating Exterro E-Discovery Data Administration with SharePoint to ensure rapid access to custodian information.
AOL Inc. provides various digital brands, products, and services to consumers, advertisers, publishers, and subscribers worldwide. Its Brand Group segment offers original content produced by journalists, politicians, celebrities, academics, policy experts, freelance writers, and bloggers; curated content; curated and aggregated content from third parties; and user-generated content through AOL.com and The Huffington Post, and related sites, in addition to through Engadget and TechCrunch branded properties.
At the end of Wednesday’s trade, Shares of Hecla Mining Co. (NYSE:HL), gained 3.49% to $3.26, as some mining stocks jump together with the price of gold, which is getting a boost due to the slump in the dollar and disappointing economic data.
Gold for June delivery was up by 1.81% to $1,214 per ounce on the COMEX last afternoon.
Hecla Mining Company, together with its auxiliaries, discovers, acquires, develops, produces, and markets precious and base metal deposits worldwide. The company offers unrefined gold and silver bullion bars to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters and brokers.
Finally, Itaú Unibanco Holding S.A. (NYSE:ITUB), ended its last trade with -1.04% loss, and closed at $12.40.
Corpbanca SA is stalling a vote on the company’s declared takeover by Itau Unibanco Holding SA at the direction of its controlling shareholder, billionaire Alvaro Saieh, according to a minority investor, according to Bloomberg.
Itau declared in January 2014 it would pay more than $2.2 billion to acquire control of Santiago-based Corpbanca and merge it with Itau’s local unit. Saieh has benefited from the declaration by getting cheaper borrowing rates, based on the expectation that Itau would back Corpbanca loans, and by eliminating Itau as a local competitor, Lubrano said. And he has achieved it without relinquishing control, Bloomberg reports.
Itaú Unibanco Holding S.A. provides various financial products and services to individuals and corporate clients in Brazil and internationally. The company operates through Commercial Bank Retail, Consumer Credit Retail, and Wholesale Bank segments. The company accepts demand deposits, savings deposits, and time deposits; and offers credit cards, personal loans, payroll loans, vehicle loans, and residential mortgage loans.
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