On Monday, Shares of Alcoa Inc. (NYSE:AA), lost -1.37% to $12.25, hitting its lowest level.
Alcoa, on Monday challenged the U.S. commodities regulator’s authority to intervene in a contentious overhaul of the London Metal Exchange’s warehouse policy that has caused an unprecedented drop in aluminum prices, according to Reuters.
In March, the Commodity Futures Trading Commission deferred a decision about the LME’s 2012 application to be registered as a “foreign board of trade,” telling the exchange it should do more to address concerns about long waiting queues. Reuters Reports.
Alcoa has questioned whether the agency has the legal authority to intervene, and on Monday filed a request under the Freedom of Information Act (FOIA) to find out what had caused the CFTC to delay its decision on the LME. Reuters added.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions.
Shares of Opko Health, Inc. (NYSE:OPK), inclined 3.27% to $16.72, during its last trading session.
OPKO Health, Inc. and Bio-Reference Laboratories, Inc. will host a joint conference call and webcast at 8:30 a.m. ET on Thursday, June 11, 2015, to talk about the formerly declared entry into a merger agreement for OPKO to acquire Bio-Reference Laboratories and to talk about Bio-Reference Laboratories’ second quarter financial results. This joint call will be in lieu of the separate earnings call formerly declared by Bio-Reference Laboratories.
OPKO Health, Inc., a biopharmaceutical and diagnostics company, engages in the discovery, development, and commercialization of novel and proprietary technologies in the United States and internationally. It operates through two segments, Pharmaceuticals and Diagnostics.
Finally, Advanced Micro Devices, Inc. (NASDAQ:AMD), ended its last trade with -0.86% surge, and closed at $2.31.
Advanced Micro Devices, declared that it will webcast live from the Belasco Theater in Los Angeles during E3. The event, “A New Era in PC Gaming,” will be hosted by AMD’s Chief Gaming Scientist, Richard Huddy on Tuesday, June 16, 2015 at 12:00 PM EDT (11:00 AM CDT/9:00 AM PDT).
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company’s products primarily comprise x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and semi-custom System-on-Chip (SoC) products.
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