On Thursday, Following Stocks were among the “Top 100 Losers” of U.S. Stock Market: Companhia Siderurgica Nacional (NYSE:SID), Vale S.A. (NYSE:VALE), Tidewater Inc. (NYSE:TDW), Violin Memory, Inc. (NYSE:VMEM)
Companhia Siderurgica Nacional (NYSE:SID), with shares declined -4.86%, closed at $1.67.
Vale S.A. (NYSE:VALE), with shares dropped -4.41%, settled at $5.85.
Tidewater Inc. (NYSE:TDW), with shares dipped -8.04%, and closed at $21.27.
Violin Memory, Inc. (NYSE:VMEM), plummeted -7.93%, and closed at $3.25.
Latest NEWS regarding these Stocks are depicted underneath:
Companhia Siderurgica Nacional (NYSE:SID)
Formerly on March 12, Companhia Siderurgica Nacional (SID), declared its results for the fourth quarter (4Q14) and the full year of 2014:
- Fourth-quarter adjusted EBITDA amounted to R$1.0 billion, 3% higher than in 3Q14, largely due to the steel segment, while the adjusted EBITDA margin widened by 2 p.p. to 25% in the same period.
- Steel segment EBITDA totaled R$723 million in 4Q14, a 10% quarter-on-quarter improvement, with an EBITDA margin of 27%, 3 p.p. higher than in 3Q14;
- In 2014, adjusted steel segment EBITDA came to R$2.9 billion, 20% up on the year before, accompanied by an adjusted EBITDA margin of 26%, growth of 6 p.p. over 2013;
- Annual iron ore sales volume totaled 29 million tonnes, 13% more than in the previous year, while iron ore shipped through Tecar reached a record 33 million tonnes, 14% up in the same period;
- Cement sales volume amounted to 2.2 million tonnes in 2014, 7% higher than the previous year, generating net proceed of R$440 million, both record figures. Adjusted EBITDA of R$116 million and the adjusted EBITDA margin of 26% were also records.
Companhia Siderúrgica Nacional operates as an integrated steel producer primarily in Brazil. It operates through five segments: Steel, Mining, Cement, Logistics, and Energy. The corporation primarily produces carbon steel and various steel products for automotive, home appliance, packaging, construction, and steel processing industries.
Vale S.A. (NYSE:VALE)
In the very start of the month, Silver Wheaton Corp. declared that its wholly-owned partner, Silver Wheaton (Caymans) Ltd. has agreed to attain from a partner of Vale S.A. (VALE), an amount of gold equal to 25% of the life of mine gold production from its Salobo mine, located in Brazil. This attainment is in addition to the 25% of the Salobo gold production that Silver Wheaton attained in 2013. The Corporation will pay Vale cash consideration of US$900 million for the raised gold stream. In addition, Silver Wheaton will make ongoing payments of the lesser of US$400 (subject to a 1% annual inflation adjustment commencing in 2017) and the prevailing market price for each ounce of gold delivered under the contract. The original gold purchase contract, dated February 28, 2013, has been amended to provide for the additional 25% stream.
According to the terms, Silver Wheaton Caymans has agreed to attain from a partner of Vale an additional 25% of the life of mine gold production from Vale’s Salobo mine. Production will accrue retroactively to Silver Wheaton Caymans as of January 1, 2015.
Silver Wheaton Caymans will pay Vale cash consideration of US$900 million for the raised gold stream. In addition, Silver Wheaton Caymans will make ongoing payments of the lesser of US$400 (subject to a 1% annual inflation adjustment commencing in 2017 for the Salobo stream) and the prevailing market price, for each ounce of gold delivered under the contract. The terms of the existing gold stream on Salobo were modified so that the annual inflation adjustment that was planned to start in 2016 will now start coincident with this stream in 2017.
Vale is in the process of ramping up mill throughput at the Salobo mine to 24 million tonnes per annum (“Mtpa”). If throughput capacity is expanded within a predetermined period, Silver Wheaton Caymans will be required to make an additional payment to Vale, relative to the 50% stream, based on a set fee plan that now ranges from US$88 million if throughput is expanded beyond 28 Mtpa by January 1, 2036, up to US$720 million if throughput is expanded beyond 40 Mtpa by January 1, 2018.
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.
Tidewater Inc. (NYSE:TDW)
In the very start of this week, Tidewater Inc. (TDW), declared that Joseph M. Bennett, Executive Vice President and Chief Investor Relations Officer, will present at the Scotia Howard Weil 43rd Annual Energy Conference in New Orleans, Louisiana on Monday, March 23, 2015, at about 2:30 p.m. Central time. Upon completion of the presentation, the corporation will also file a Form 8-K with the SEC which will comprise a copy of the slides used by the presenter.
Tidewater Inc. provides offshore service vessels and marine support services through the operation of a fleet of marine service vessels to the offshore energy industry worldwide. It provides services in support of offshore exploration, field development, and production, counting towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, remotely operated vehicle (ROV) operations, and seismic support; and various specialized services, such as pipe and cable laying.
Violin Memory, Inc. (NYSE:VMEM)
Formerly on Wednesday, March 11, Violin Memory, Inc. (VMEM), declared the launch of its Global Partner Program and a new easy-to-use online portal. Following the launch of the Violin Flash Storage Platform, the expanded Violin Global Partner Program establishes new incentives and business models that will enable partners to achieve success through simplified partner programs, more predictable performance rewards, and innovative tools to deliver compriseency in partner engagement.
The Violin Effect:
- The program is founded on the implementation of a simplified and compriseent compensation model for improved proceed growth and predictability
- Noteworthy raises in margin on deal registration in addition to incentives on new accounts are designed to drive profitability
- Raised marketing development funds (MDF) provide flexibility around marketing activities, enabling and empowering partners with options to drive awareness and lead-generation campaigns
- Partner Levels – Platinum, Gold, Silver – offer appropriate incentives associated with the right investment level for each partner.
Violin Memory, Inc. develops and supplies memory-based storage systems to bring storage performance in line with high-speed applications, servers, and networks worldwide. The corporation provides flash memory arrays that integrate enterprise-class hardware and software technologies to address the limitations disk-based and flash-based storage solutions that use off-the-shelf components.
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