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Monday 4 May 2015
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Yesterday Stocks Plunging - CIGNA (NYSE:CI), Cliffs Natural Resources (NYSE:CLF), Owens-Illinois (NYSE:OI), NQ Mobile (NYSE:NQ), 3D Systems (NYSE:DDD)

On Wednesday, CIGNA Corporation (NYSE:CI)’s shares declined -3.82% to $126.68.

CIGNA Corporation (CI) stated first quarter 2015 results with strong revenue and earnings contributions across our diversified portfolio of businesses.

Merged revenues in the quarter were $9.5 billion, an enhance of 11% over first quarter 2014. Revenues reflect growth in premiums and fees of 12% in Global Health Care, 8% in Global Supplemental Benefits and 7% in Group Disability and Life, primarily driven by continued growth in Cigna’s targeted customer segments.

Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally.

Cliffs Natural Resources Inc (NYSE:CLF)’s shares dropped -7.84% to $5.41.

Cliffs Natural Resources Inc (NYSE:CLF) declare that it has accomplished the sale of its Chromite assets in Northern Ontario, Canada to Noront Resources Ltd. The assets were sold under a revised purchased agreement for US$27.5 million in cash, which is an enhance of U.S. $7.5 million over the formerly declared sale price of US$20 million.

The assets are comprised of three chromite deposits and associated claims held by Cliffs auxiliaries. The transaction closed recently following the approval of the sale by the court under the Companies’ Creditors Arrangement Act (“CCAA”) proceedings in Canada.

Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.

At the end of Wednesday’s trade, Owens-Illinois Inc (NYSE:OI)‘s shares dipped -3.78% to $24.19.

Owens-Illinois Inc (OI) stated financial results for the first quarter ending March 31, 2015.

  • First quarter 2015 earningsfrom ongoing operations attributable to the Company were $0.44 per share (diluted). This compares to first quarter 2014 earnings of $0.62 per share on a stated basis, and to $0.50 per share on a constant currency basis.
  • Results were compriseent with administration`s guidanceof $0.40 to $0.45 per share, despite the greater-than-predictable strengthening of the U.S. dollar during the quarter.

Owens-Illinois, Inc., through its auxiliaries, manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. It produces glass containers for alcoholic beverages, counting beer, flavored malt beverages, spirits, and wine.

NQ Mobile Inc (ADR) (NYSE:NQ), ended its Wednesday’s trading session with -3.65% loss, and closed at $3.96.

NQ Mobile Inc (ADR) (NQ) declared that Mr. Omar Khan, current Co-Chief Executive Officer of NQ Mobile, has decided to transition to an advisory role and step down in his capacity as Co-CEO and Director of the Company, effective as of May 1, 2015. At the same time, Mr. Khan will also resign from his position as the Chief Executive Officer of NQ Mobile US, Inc., a direct wholly owned partner of the Company, and from his other roles within the Company. To assist with a smooth transition, Mr. Khan will remain with the Company as an advisor through December 31, 2015.

NQ Mobile Inc. provides mobile Internet services in the People’s Republic of China and internationally. The company provides products and services in the areas of mobile security, privacy, productivity, personalized cloud, and family protection. It operates through two segments, Consumer and Enterprise.

On Wednesday, 3D Systems Corporation (NYSE:DDD)’s shares declined -3.52% to $25.24.

3D Systems Corporation (DDD) declared a comprehensive seminar series to give businesses, entrepreneurs, educators, designers and other professionals a look at how 3D printing is changing manufacturing and to provide insights on the power of 3D printing in their own design-to-manufacture workflows. The seminars—hundreds worldwide with new locations posted weekly—will comprise demonstrations of the company’s latest 3D printers, design solutions and advanced materials that are at the core of a present-day manufacturing revolution. On the heels of last year’s seminars, totaling 600+, the 2015 seminar series comprises of a number of regional events through December 2015 at reseller locations around the world. Each seminar will provide information pertaining to a wide range of industries, counting automotive, aerospace, healthcare, consumer products and more.

3D Systems Corporation, through its auxiliaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the Americas, Germany, and the Asia-Pacific, in addition to other European, the Middle East, and African countries.

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