On Monday, Union Pacific Corporation (NYSE:UNP)’s shares declined -2.65% to $108.47, as Union Pacific named Sherrye Hutcherson vice president of Human Resources effective May 4. Hutcherson will be responsible for leading the corporation’s human resources function, which comprises talent administration, training and development, planned workforce planning, recruiting, compensation and benefits, and diversity initiatives.
Union Pacific Corporation, through its partner, Union Pacific Railroad Corporation, operates railroads in the United States. The corporation offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals comprising of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.
Fidelity National Information Services (NYSE:FIS)’s shares dropped -1.24% to $64.69, during the last trading session on Monday, as FIS™, issued a change in its first quarter and full year guidance.
In its guidance offered in February 2015, FIS outlined the estimated influence of foreign exchange rates on its stated precede and earnings. Foreign currency exchange rates in key currencies, primarily the Brazilian Real, Euro and Pound Sterling, have continued to decline. Also, the Corporation chose not to renew a contract that did not meet its profitability metrics and was incompriseent with its go forward strategy. These factors are influencing its stated proceed growth
Fidelity National Information Services, Inc. provides banking and payments technology, consulting, and outsourcing solutions worldwide. Its Financial Solutions Group segment offers core processing software applications to run banking processes; retail banking delivery applications that enable financial institutions to integrate and streamline customer-facing operations and back-office processes; fraud, risk administration, and compliance solutions; syndicated loan applications that support wholesale and commercial banking operations; and onshore and offshore commercial services, such as consulting engagements, application development projects, operations support, and infrastructure administration, in addition to integrated consulting and advisory, technology, and IT transformation services.
At the end of Monday’s trade, Gevo, Inc. (NASDAQ:GEVO)‘s shares dipped -2.51% to $0.194, as Gevo, declared its financial results for the three months ended December 31, 2014 and offered an update on recent corporate highlights.
In the fourth quarter of 2014, Gevo continued to progress the commercial operation of isobutanol at Luverne under the Side-by-Side mode of production (SBS), meeting its stated milestone in December 2014 of producing greater than fifty thousand gallons of isobutanol in one month. This achievement was a result of the introduction of Gevo’s second-generation yeast biocatalyst at the plant, in addition to noteworthy process improvements learned by Gevo since switching the plant to SBS production earlier in 2014.
Gevo, Inc., a renewable chemicals and biofuels corporation, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks.
Cliffs Natural Resources Inc (NYSE:CLF), ended its Monday’s trading session with -2.46% loss, and closed at $4.75, as Cliffs Natural Resources, declared that, on March 30, 2015, it reached a new senior secured asset-based revolving credit facility and successfully accomplished its formerly declared private offering of $540 million aggregate principal amount of 8.250% Senior Secured Notes due March 31, 2020. From the Offering of the New First Lien Notes, the Corporation received net proceeds, after the initial purchasers’ discounts and the payment of fees and expenses, of about $491.4 million. The Corporation used a portion of the net proceeds from the Offering to repay all amounts outstanding under its former revolving credit facility and intends to use the remainder for general corporate purposes. Additionally, the New ABL Facility is predictable to provide up to $550 million in borrowing availability on a revolving basis, subject to a borrowing base limitation and the issuance of letters of credit.
Cliffs Natural Resources Inc., a mining and natural resources corporation, 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.
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