On Thursday, Shares of McDermott International (NYSE:MDR), lost -1.90% to $4.12.
McDermott International, declared that Scott Munro, McDermott’s Vice President, Americas, Europe and Africa, is planned to present at the Cowen and Company 5th Ultimate Energy Conference in New York City on Tuesday, December 1, 2015 at 12:15 p.m. Central time/1:15 p.m. Eastern time.
McDermott International, Inc. operates as an engineering, procurement, construction, and installation company worldwide. The company operates through three segments: Asia Pacific, Americas, and the Middle East. It focuses on designing and executing offshore oil and gas projects.
Shares of Western Digital Corp (NASDAQ:WDC), inclined 1.96% to $63.62, during its last trading session.
A recent consumer study commissioned by Western Digital Corp. (WDC) and conducted by research firm Vanson Bourne found that having to choose which photo or video to delete to free up storage space, and then regretting doing so, is a bona fide #firstworldproblem.
The study, from a survey of 5,000 consumers across the UK, France, Germany and the United States, analyzes how people create, consume, share and store digital content. Key findings comprise:
- Over 76 percent of respondents aged 16 to 24 delete content to make space…and then regret it
- The era of digital media has arrived, and the end of the CD is near
- Streaming of feature films or TV shows is not taking over from digital ownership recently
- One in four say their digital content is ‘priceless’, while the rest place the average value at about $5,500 USD
Western Digital Corporation, together with its auxiliaries, engages in the development, manufacture, sale, and provision of data storage solutions that enable consumers, businesses, governments, and other organizations to create, manage, experience, and preserve digital content worldwide.
Finally, Shares of IAMGOLD Corp (USA) (NYSE:IAG), remained flat at $1.56.
IAMGOLD Corporation, declared that employees at the Company’s Rosebel Gold Mine in Suriname (“Rosebel”) have embarked on a strike over the issue of the process of laying off about 10% of the employees. Rosebel has, however, followed the process required by law and has offered a fair severance package, which over 50% of the affected employees have already accepted.
The layoffs were declared in a news release on October 8, 2015 as a step to further reduce costs at Rosebel as necessitated by the current gold price environment. Over the past two years IAMGOLD has improved productivity and reduced overall costs by about $175 million and Rosebel has made a noteworthy contribution to that effort. Further cost reductions, however, are needed as the gold price has continued to decline below $1,100 per ounce.
Rosebel has produced about 4 million ounces of gold in its first 11 years of operation and in the first nine months of 2015 has produced 217,000 ounces of gold on an attributable basis at an all-in sustaining cost of $1,082 per ounce. The Company’s 2015 annual guidance for Rosebel to produce between 290,000 and 300,000 ounces remains unchanged, but will be re-assessed depending on the length of the strike.
IAMGOLD Corporation primarily engages in the exploration, development, and operation of gold mining properties. It also explores for silver and copper deposits. The company holds interests in four operating gold mines, in addition to exploration and development projects located in Africa, South America, and Canada. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.