Alcoa Inc. (NYSE:AA) agreed to sell its stake in its Jamalco bauxite mining and alumina refining joint venture to global bulk commodities company Noble Group Ltd. for $140 million. As a result of the deal, set to close by year’s end, Alcoa expects to post a fourth-quarter write-down of $80 million to $100 million. Alcoa…
On Oct. 8, The chief executive of Brazil telecom giant Oi SA (NYSE:OIBR), Zeinal Bava, resigned Oct 07, at a crucial time for the firm’s multibillion-dollar merger with Portugal Telecom SGPS SA that he had orchestrated. Oi SA (NYSE:OIBR) belongs to Technology sector. Its net profit margin is -1.60% and weekly performance is -15.38%. On…
On Sep 24, Red Hat, Inc. (NYSE: RHT), announced significant momentum for OpenShift Online, its award-winning commercial Platform-as-a-Service (PaaS). Since its launch in November 2011, more than two million applications have been launched on Red Hat’s public PaaS, and from August 2013 – August 2014, OpenShift Online experienced 105 percent year-over-year application growth, and 103…
American Eagle Outfitters, Inc. (NYSE:AEO) was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating. They now have a $16.00 price target on the stock, up previously from $13.00. American Eagle Outfitters, Inc. (NYSE:AEO) belongs to Services sector. Its net profit margin is 1.40% and weekly performance is 5.49%. On…
Medtronic Inc., the Minnesota-based medical device maker that’s planning to take an Irish tax address, may become one of the biggest losers under rules announced by the Obama administration. The new Treasury Department rules announced Monday capture companies like Medtronic and AbbVie Inc. (NYSE:ABBV) that are still in the process of switching nationalities, and the…
Barrick Gold Corporation (NYSE:ABX) had its price objective reduced by TD Securities from C$21.00 to C$19.00 in a research report released on Monday morning. TD Securities currently has a hold rating on the stock. Barrick Gold Corporation (NYSE:ABX) belongs to Basic Materials sector. Its net profit margin is -25.90% and weekly performance is -6.27%. On…
