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Tuesday 30 June 2015
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Pre-Market News Alert on: Con-way (NYSE:CNW), SYSCO (NYSE:SYY), Gerdau (NYSE:GGB), Pioneer Natural Resources (NYSE:PXD)

On Monday, Con-way Inc (NYSE:CNW)’s shares inclined 0.45% to $40.19.

The Board of Directors of Con-way Inc. (CNW) has declared a cash dividend of 15 cents per share on the company’s common stock. The dividend is payable on September 11, 2015 to shareholders of record on August 14, 2015.

Con-way Inc., together with its auxiliaries, provides transportation, logistics, and supply chain administration services to various manufacturing, industrial, and retail customers in North America and internationally. It operates through three segments: Freight, Logistics, and Truckload.

SYSCO Corporation (NYSE:SYY)’s shares gained 0.59% to $37.60.

SYSCO Corporation (SYY) declared that its Board of Directors declared a regular quarterly cash dividend of $0.30 per share, payable on July 24, 2015, to common shareholders of record at the close of business on July 2, 2015.

Sysco Corporation, through its auxiliaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates in Broadline and SYGMA segments. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; and fresh produce.

At the end of Mondays trade, Gerdau SA (ADR) (NYSE:GGB)‘s shares dipped -0.95% to $2.61.

Gerdau SA (ADR) (GGB)’s North American long steel business division, (NYSE: GGB, gerdau.com/longsteel) earned two American Metal Market Awards for Steel Excellence, counting “Information Technology Company of the Year” and “Product Innovation of the Year.” It is only the second time a company has won two awards from the organization in one year.

Gerdau won “Information Technology Company of the Year” for the e-commerce platform, eGerdau, which was launched in November 2014. The new eGerdau brings technology enhancements based on customer’s needs that are mutually beneficial to Gerdau as well. The tool saves both parties time, enhances customer engagement, downloads and retrieves customer documents and facilitates the ease of doing business.

Gerdau was also awarded the “Product Innovation of the Year” award for GGMULTI, a merchant bar quality product with 10 different grades and standards. It is designed for high performance, achieving comprising strength specifications with low carbon content. It is offered in varying shapes and sizes of angles, channels and flats. By combining several grades into one, there are many benefits for both Gerdau and the customer such as reduced inventory and simplification on the purchasing and warehouse processes.

Gerdau S.A. produces and commercializes steel products worldwide. It operates through Brazil, North America, Latin America, Special Steel, and Iron Ore segments. The company provides semi-finished products, which comprise billets that are bars from square sections of long steel that serve as inputs for the production of wire rod, rebars, and merchant bars; blooms for use in the manufacture of springs, forged parts, heavy structural shapes and seamless tubes; and slabs, which are used in the steel industry for the rolling of various flat rolled products, in addition to to produce hot and cold rolled coils, heavy slabs, and profiles.

Pioneer Natural Resources (NYSE:PXD), ended its Monday’s trading session with -0.57% loss, and closed at $141.82.

Pioneer Natural Resources Company (PXD) declared its second quarter 2015 earnings press release is scheduled to be issued after the close of trading on the New York Stock Exchange on Tuesday, August 4, 2015.

Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeastern Colorado, and the West Panhandle field in the Texas Panhandle.

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