Insights about U.S. Stocks that landed in the Red-Zone during Wednesday’s trade, are depicted underneath:
Arch Coal Inc (NYSE:ACI)’s shares dwindled -4.96%, and closed at $1.15.
Arch Coal Inc. (ACI), declared that James A. Sabala, 60, has been elected to its board of directors, effective right away. Sabala will serve on the board’s audit and finance committees.
Sabala presently serves as the senior vice president and chief financial officer of Hecla Mining Corporation, a precious metal mining corporation headquartered in Coeur d’Alene, Idaho. Preceding to joining Hecla in 2008, Sabala served as executive vice present and chief financial officer for Coeur d’ Alene Mines Corporation and vice president and chief financial officer for Stillwater Mining Corporation. Sabala also held various other positions with Coeur d’Alene Mines counting controller, treasurer and vice president of finance. Early in his career, Sabala worked as a certified public accountant for Price Waterhouse and Corporation.
Sabala accomplished Stanford University’s Executive Education Financial Administration program, a joint Stanford and London School of Business’ International Investment Administration program and earned a Bachelor of Science degree in business and accounting from the University of Idaho. In addition, Mr. Sabala serves on the Advisory Board to the University of Idaho College of Business.
Formerly on February 20, Arch Coal, Inc., declared that Mountain Coal Corporation’s West Elk mine employees were honored with Colorado’s top coal mine safety award and two state environmental awards at the 117th annual National Western Mining Conference and Exhibition in Denver.
U.S.-based Arch Coal, Inc. is one of the world’s top coal producers for the global steel and power generation industries, serving customers on five continents. Its network of mining complexes is the most diversified in the United States, spanning every major coal basin in the nation.
Rovi Corporation (NASDAQ:ROVI), declined -4.88%, and closed at $21.73.
Rovi Corporation (ROVI), declared that Rovi has renewed its interactive program guide (IPG) product and patent portfolio license contract with Sharp, one of Japan’s top TV manufacturers. The license provides Sharp with access to Rovi’s entertainment discovery capabilities worldwide and Rovi’s G-Guide HTML in Japanese markets for its popular AQUOS brand.
“As the market-leading TV brand in Japan, our license renewal and expansion with Sharp underscores Rovi’s leadership in delivering innovative entertainment discovery experiences to consumers,” said John Burke, executive vice president and chief operating officer, Rovi.
Under the contract, Sharp will have access to a range of Rovi’s best-in-class discovery technologies and solutions, counting intuitive search, targeted recommendations services for Japan, and Rovi video metadata for China. This metadata set comprises rich information, images, and editorial content on TV shows, movies, and celebrities. China is one of 70 countries worldwide where Rovi offers its metadata.
Formerly on February 27, the company declared pricing of $300M in convertible Senior Notes.
Rovi Corporation provides integrated solutions for the discovery and personalization of digital entertainment to service providers and consumer electronics (CE) industry worldwide.
CONSOL Energy Inc (NYSE:CNX), dipped -4.69%, and closed at $30.29.
Formerly on February 26, CONSOL Energy Inc. (CNX)‘s subsidiary CONE Midstream, stated financial and operational results for the three months ending December 31, 2014. The Partnership also offered an update on throughput volumes and declared financial guidance for 2015.
Fourth Quarter Results:
Highlights of fourth quarter 2014 results attributable to the Partnership comprise:
- Net revenue of $15.3 million
- Average daily throughput volumes of 545 billion Btu per day (BBtu/d)
- EBITDA of $16.6 million
- Distributable cash flow (DCF) of $14.8 million
Total throughput volumes for the development companies operated and controlled by CONE Midstream reached the one billion cubic feet per day equivalent milestone on January 1, 2015. Total throughput volumes attributable to the Partnership averaged 562 million cubic feet per day equivalent for the month of January 2015.
CONSOL Energy Inc., together with its auxiliaries, operates as an integrated energy corporation in the United States and internationally. The corporation operates through two divisions, Exploration and Production (E&P), and Coal.
Thompson Creek Metals Company Inc (USA) (NYSE:TC), dropped -4.61%, and closed at $1.45.
Thompson Creek Metals Corporation Inc. (TC), declared financial data for its 4th Quarter. On February 19, a North American mining corporation, declared financial results for the three months and year ended December 31, 2014, prepared in accordance with United States generally accepted accounting principles.
Highlights for 2014:
- Total cash and cash equivalents at December 31, 2014 were $265.6 million contrast to $233.9 million at December 31, 2013. Total debt, counting capital lease obligations, at December 31, 2014 was $944.7 million, contrast to $1.0 billion at December 31, 2013.
- Cash generated by operating activities was $184.8 million in 2014 contrast to $44.8 million in 2013.
- Mount Milligan Mine achieved commercial production, defined as operation of the mill at 60% design capacity mill throughput for 30 days, and has been cash flow positive since the second quarter of 2014. In 2014, we made 12 shipments of concentrate from Mount Milligan Mine and recognized 12 sales.
Thompson Creek Metals Corporation Inc. is a North American mining corporation. The Corporation’s principal operating property is its 100%-owned Mount Milligan mine, an open-pit copper and gold mine and concentrator in British Columbia.
