On Friday, Suncor Energy Inc. (USA) (NYSE:SU)’s shares declined -0.49% to $26.36.
Steve Williams, president and chief executive officer, will present at the Barclays CEO Energy/Power Conference on Wednesday, September 9, 2015 at 11:45 a.m. MT (1:45 p.m. ET).
Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third party petroleum products.
Blackstone Group LP (NYSE:BX)’s shares gained 0.57% to $33.67.
Stearns Holdings, LLC, parent company of Stearns Lending, LLC, a leading national mortgage lender with wholesale, retail, correspondent, and strategic alliance business channels, announced today that funds managed by the private equity group of Blackstone (BX), a leading global asset manager, will acquire a majority stake in the company. This partnership with Blackstone will provide Stearns with the necessary resources to accelerate its growth and fuel its efforts to capture even greater market share. Founder Glenn Stearns will retain a significant ownership stake.
Founded in 1989 by Glenn Stearns, Stearns is presently ranked the #1 Wholesale Lender nationwide* and the #1 Privately Owned Purchase Money Mortgage Lender in the US for Q1 2015**.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios. It launches and manages private equity funds, real estate funds, funds of hedge funds, and credit-focused funds for its clients. It invests in private equity, public equity, fixed income, and alternative investment markets. The firm was founded in 1985 and is based in New York, New York.
At the end of Friday’s trade, 3M Co (NYSE:MMM)‘s shares dipped -1.32% to $139.87.
Millions of workers around the world rely on respirators to assist protect them from airborne contaminants. To assist these workers achieve maximum breathability and regulatory compliance, 3M is leveraging the National Institute for Occupational Safety and Health (NIOSH) N95 Day to encourage the proper use and selection of N95 respirators in the workplace. The fourth annual N95 Day will be held on September 4, 2015.
An estimated 5 million workers are required to wear respirators in 1.3 million workplaces throughout the United States.1 A respirator’s fit is a key element to assist protect these workers from their hazardous work environments. That’s why 3M offers OSHA-compliant fit test kits, NIOSH-approved respirators and training materials to assist employers ensure that selected N95 respirators can provide workers with the proper fit. Through the use of these educational resources and more, 3M will provide health and safety professionals with the knowledge needed to be advocates for respirator safety on N95 Day and beyond.
3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems products; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products.
IAMGOLD Corp (USA) (NYSE:IAG), ended its Friday’s trading session with 2.61% gain, and closed at $1.57.
IAMGOLD Corporation (“IAMGOLD” or the “Company”) recently reports its financial and operating results for the second quarter ended June 30, 2015.
Second Quarter 2015 Overview:
- Attributable gold production of 202,000 oz.; with gold sales of 195,000 oz.
- Production commenced at Essakane’s Falagountou deposit.
- All-in sustaining costs1,2of $1,076/oz; lower than $1,113/oz in Q1/15 and $1,136/oz in Q2/14
- Total cash costs1,2,3of $817/oz.; lower than $846/oz in Q1/15 and $881/oz in Q2/14.
- Cash, cash equivalents and gold bullion (at market value) of $836.4 million at June 30, 2015.
- Net cash from operating activities of $31.7 million, bringing year-to-date net cash to $61.7 million.
- 2015 production guidance revised due to localized ground fall following a seismic event at Westwood on May 26, 2015:
- Westwood: from 110,000-130,000 oz. to 60,000-75,000 oz.
- Merged (attributable): from 820,000-860,000 oz. to 780,000-815,000 oz.
- 2015 total cash cost guidance maintained at $850-$900/oz. and AISC at $1,075-$1,175/oz.
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.
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