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Wednesday 22 April 2015
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Losers To Watch: Career Education, (NASDAQ:CECO), Century Aluminum, (NASDAQ:CENX), First Majestic Silver, (NYSE:AG), AK Steel Holding, (NYSE:AKS)

On Tuesday, Following Stocks were among the “Top Losers” of U.S. Stock Market: Career Education, (NASDAQ:CECO), Century Aluminum, (NASDAQ:CENX), First Majestic Silver, (NYSE:AG), AK Steel Holding Corporation, (NYSE:AKS)

Career Education, (NASDAQ:CECO), with shares declined -4.19%, closed at $5.03.

Century Aluminum, (NASDAQ:CENX), with shares dropped -5.09%, settled at $13.80.

First Majestic Silver, (NYSE:AG), with shares dipped -3.05%, and closed at $5.41.

AK Steel Holding Corporation, (NYSE:AKS), plummeted -3.46%, and closed at $4.47.

Latest NEWS regarding these Stocks are depicted underneath:

Career Education Corp. (NASDAQ:CECO)

Formerly on March 23, Career Education Corp. (CECO), declared that Chief Financial Officer Reid Simpson will be leaving the Corporation on March 31, 2015 to become Chief Financial Officer at ShopperTrak, a Chicago headquartered leading global retail analytics provider. David Rawden of AlixPartners, a business advisory firm which specializes in turnarounds and restructurings, will serve as Interim CFO effective April 1, 2015. Mr. Rawden’s experience comprises interim CFO positions at Allied Holdings, Inc., Exopack Holdings SA, and X-Rite, Incorporated. It also comprises preceding education experience when he served as the Executive Vice President of Finance at Savannah College of Art and Design.

The Corporation also declared that Michele Peppers, Vice President Accounting & Reporting, who has served for nearly 11 years in the Corporation’s finance department in various roles of increasing responsibility, has been designated as the Corporation’s principal accounting officer effective April 1, 2015. Mr. Rawden and Ms. Peppers will oversee the Corporation’s financial reporting while its Board of Directors finalizes its search for a permanent replacement for its Chief Executive Officer. A search for a permanent CFO will be implemented following that appointment.

Career Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, on-ground, and hybrid learning program offerings in the United States.

Century Aluminum Co. (NASDAQ:CENX)

Century Aluminum Co. (CENX), declared that it has hired Stephen K. Heyroth as Vice President, Controller and Chief Accounting Officer of the Corporation. Preceding to joining the Corporation, Mr. Heyroth served as Controller for Surface Mining Manufacturing Operations at Joy Global Inc., a publicly traded manufacturer of high-productivity mining solutions. Mr. Heyroth holds an M.B.A. from the University of Wisconsin-Milwaukee and a B.S. in Economics from the University of Wisconsin-Madison.

Rick Dillon, Executive Vice President and Chief Financial Officer, commented, “I am very happy to have Steve join the Century team. We believe Steve’s extensive public accounting and industry experience will make him a great fit at Century.”

Century Aluminum Corporation, together with its auxiliaries, produces primary aluminum in the United States and Iceland. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes. The corporation was founded in 1981 and is headquartered in Chicago, Illinois.

First Majestic Silver Corp. (NYSE:AG)

First Majestic Silver Corp. (AG), is happy to provide a new NI 43-101 Technical Report and the initial Mineral Reserve and Resource estimate for the La Guitarra Silver Mine located in the State of Mexico .

STATED HIGHLIGHTS:

  • Proven and Probable Reserves totalling 11.8 million ounces of silver equivalent ounces, counting 9.4 million ounces of pure silver.
  • Measured and Indicated Resources of 15.2 million ounces of silver equivalent ounces, counting 11.7 million ounces of pure silver.
  • Inferred Resources totaling 6.3 million silver equivalent ounces, counting 4.7 million ounces of pure silver.
  • Average Reserve silver grade of 223 g/t; and an average gold grade of 1.06 g/t.
  • Life of Mine (LOM) of 7.0 years producing an estimated total of 9.3 million ounce of silver and 45 thousand ounces of gold.
  • LOM operating cost per tonne estimated at $48.31 per tonne, not including G&A, sustaining costs and exploration.

First Majestic Silver Corp. engages in the attainment, exploration, development, and production of mineral properties with a focus on silver projects in Mexico. The corporation owns and operates five producing mines, counting the La Encantada silver mine in Coahuila State, the La Parrilla silver mine in Durango State, the Del Toro silver mine in Zacatecas State, the San Martin silver mine in Jalisco State, and the La Guitarra silver mine in Mexico State.

AK Steel Holding Corporation (NYSE:AKS)

AK Steel Holding Corporation (AKS), Zanesville (Ohio) Works has been recognized for outstanding safety performance by the Ohio Bureau of Workers’ Compensation, Division of Safety and Hygiene. The recognition is part of a collaborative safety awareness program established by the Zanesville - Muskingum County Safety Council and Chamber of Commerce.

“We are honored to be recognized by the Ohio Bureau of Workers’ Compensation, Division of Safety and Hygiene,” said James L. Wainscott, Chairman, President and CEO of AK Steel. “This achievement speaks volumes about our culture of safety at AK Steel. We congratulate all of our Zanesville Works employees for their outstanding safety performance.”

AK Steel’s Zanesville Works received the “100% Award for Safety” for operating the entire year of 2014 without any lost-time injuries or illnesses. The plant also received a “Special Award for Safety” for operating 4,749,309 hours without a lost-time injury between April 21, 2003 and December 31, 2014.

AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.

DISCLAIMER:

This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.

Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.




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