On Wednesday, Teck Resources Ltd (USA) (NYSE:TCK)’s shares declined -1.87% to $12.06.
Teck Resources Ltd (USA) (TCK) declared it will be implementing temporary shutdowns in the third quarter at its six Canadian steelmaking coal operations in order to align production and inventories with changing coal market conditions.
Each of Teck’s steelmaking coal operations will be temporarily shut down for about three weeks in the quarter. Shutdowns will be staggered over the summer months among the operations. Teck will continue to meet all contracted and committed coal sales for its entire suite of products.
Third quarter production will be reduced by about 1.5 million tonnes (Mt) to 5.7 Mt, a reduction of 22% for the quarter, with predictable sales in the range of 6.0 - 6.5 Mt. Annual coal production is now estimated at 25 - 26 Mt. Additional coal production adjustments will be considered over the course of 2015 as market conditions continue to evolve.
Guidance for unit operating and distribution costs for the year is unchanged. Capitalized stripping is predictable to be about $65 million lower than original guidance reflecting lower coal production and reduced stripping costs this year due to lower diesel costs and productivity improvements since the start of the year.
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products comprise copper, counting copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates. The company also produces lead, molybdenum, gold, silver, germanium and indium, chemicals, and fertilizers. In addition, it holds interest in oil sands projects in the Athabasca region of Alberta; and owns or has interests in 13 mines in Canada, the United States, Chile, and Peru, in addition to operates a metallurgical complex.
Omnicare, Inc. (NYSE:OCR)’s shares dropped -0.13% to $94.95.
Omnicare Specialty Care Group (SCG) is a division of Omnicare, Inc. (OCR). RxCrossroads, a Division of Omnicare Specialty Care Group (SCG), continues growing as the company looks to fill nearly 100 positions for its Louisville, Kentucky offices by the end of June 2015.
Omnicare SCG was formed in 2010 by combining the acquisition of RxCrossroads from 2005 and Advanced Care Scripts from 2008 into one clearly defined segment and strategy vision. Omnicare SCG provides customized end-to-end services starting with the biopharmaceutical manufacturer and ongoing through to the patient. The company develops innovative programs that integrate access, affordability and adherence for specialty drugs with services that comprise brand support, third party logistics, program pharmacy and specialty pharmacy.
Since 2013, employee growth at RxCrossroads has raised by 37% and plans for additional positions continue as a new office on Eastpoint Parkway in Louisville opened in November of 2014. There are presently three offices and two warehouses that RxCrossroads operates from in the Louisville area.
Omnicare, Inc. operates as a healthcare services company that specializes in the administration of pharmaceutical care in the United States. The company’s Long-Term Care Group segment offers pharmaceuticals, and related pharmacy and ancillary services to long-term care facilities; and chronic care facilities and other settings.
At the end of Wednesday’s trade, Mastercard Inc (NYSE:MA)‘s shares surged 0.36% to $93.51.
At the World Economic Forum on Africa recently, MasterCard (MA) declared its partnership with Premier Bank, becoming the first international payments network to enter Somalia.
As a result of the partnership, Premier Bank will now issue and accept the first MasterCard-branded payment cards in Somalia, a country that hasn’t had any form of formal banking service since the collapse of the government and financial services system in 1991.
The introduction of the MasterCard payments network means that government agencies now have an efficient platform through which to transfer salary disbursements. Foreigners, expatriates and international aid organizations sending funds to Somalia can do so via a formal, traceable network that complies with international security standards, eliminating the risks of transferring and transporting cash.
Premier Bank’s MasterCard-branded debit cards enable Somalis to withdraw funds from any MasterCard-licensed ATM globally, shop online, and pay for goods and services at millions of merchants that accept MasterCard payment cards around the world.
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company facilitates the processing of payment transactions, counting authorization, clearing, and settlement, in addition to delivers related products and services.
The Western Union Company (NYSE:WU), ended its Wednesday’s trading session with 0.50% gain, and closed at $22.23.
The Western Union Company (WU) declared that the company will present at the William Blair & Company’s Growth Stock Conference on June 9, 2015 in Chicago. The presentation will start at 8:10 a.m. Central Time and will comprise comments from Raj Agrawal, Executive Vice President and CFO.
Investors and interested parties will be able to listen to the investor presentation via webcast from http://www.westernunion.com, under the investor relations section. The archived webcast will be accessible about one hour after the conclusion of the presentation.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations.
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.