On Friday, Shares of Vale S.A. (NYSE:VALE), lost -2.54% to $6.51.
Vale SA, the world’s top nickel producer, hired Canadian law firm Stikeman Elliott LLP to assist it prepare for a possible initial public offering of its base metals business, three people with knowledge of the appointment said, according to Bloomberg.
The Rio de Janeiro-based company probably will choose bank advisers in the coming months as it considers the IPO, said the people, who asked not to be named because the matter is private. The sale is subject to a nickel-price recovery, they said.
In December, Vale told investors in New York that it was considering selling a minority stake in its base metals operations, the largest generator of revenue after iron ore, to boost cash. Vale forecasts raised profit and output from the operations, which is based on a 2006 takeover of Inco Ltd., after years of setbacks counting strikes in Canada, design defects at Brazil plants and a New Caledonia acid spill. Bloomberg Reports.
Vale declined to comment on IPO advisers.
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 Yahoo! Inc. (NASDAQ:YHOO), declined -0.98% to $40.51, during its last trading session.
TouchPal, the most popular third party keyboard, declared a planned partnership with Yahoo! Inc. (YHOO) that puts Yahoo’s mobile search capabilities into the hands of TouchPal’s Android users. The integration, called “Yahoo Search in Apps,” pairs Yahoo’s search engine with the TouchPal Keyboard to deliver an experience that is convenient, feature-rich and easy to use.
With nearly 16 million daily active users (DAUs) in the U.S., the TouchPal Keyboard is one of the country’s most popular smartphone keyboard apps. Through this partnership, users can access Yahoo’s search engine directly from the keyboard app without the need to switch to a browser. Search results comprise links, images and videos, in addition to the ability to translate text into 40 languages. What’s more, whether using the TouchPal Keyboard with email, text or any other app, anyone can share a link from the search results, with just one click.
This partnership is a game changer, and has the potential to improve the way people interact with their smartphones,” said Michael Wong, CEO of TouchPal. “Working with Yahoo is a win-win situation, and we’re delighted by the benefits we’ll be able to deliver to our users. We look forward to expanding our relationship with Yahoo as we work to improve the way our users engage with our app.”
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
Finally, The Wendy’s Company (NASDAQ:WEN), ended its last trade with -0.52 loss, and closed at $11.37.
Every child deserves a childhood, and Wendy’s® is working to give them one. Through its ninth annual Father’s Day Frosty® Weekend, Saturday, June 20 and Sunday, June 21, and the new #Share4Adoption initiative, Wendy’s and its customers will assist children in foster care find forever homes.
Funds raised through Wendy’s campaigns like these go to support the Dave Thomas Foundation for Adoption®, which works to assist find permanent, loving families for the more than 130,000 children in North America waiting in foster care to be adopted.
“As an adopted child, our founder Dave Thomas knew first-hand the importance of family. The Dave Thomas Foundation for Adoption was born from Dave’s firmly held belief that children in foster care ‘aren’t someone else’s responsibility, they are our responsibility’,” said Liliana Esposito, Wendy’s Chief Communications Officer and trustee of the Dave Thomas Foundation for Adoption. “Recently, Wendy’s remains committed to that belief and mission, and invites customers to get involved through programs like Father’s Day Frosty Weekend and our new #Share4Adoption initiative.”
The Wendy’s Company, through its auxiliaries, owns and franchises Wendy’s restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants. As of May 26, 2015, its restaurant system comprised of about 6,500 franchised and company-operated restaurants worldwide.
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.
