Barrick Gold (NYSE:ABX) is the largest gold mining company in the world by production, although it isn’t by market capitalization [that title is held by Goldcorp (NYSE:GG)]. One of the reasons for this is the company’s failure to generate shareholder value over the years despite a very strong gold market. If you had bought Barrick…
Petroleo Brasileiro SA (ADR) (NYSE:PBR) has reached 500,000 b/d in production from the Brazilian presalt, a region that has already seen aggregate output of 343 million boe (OGJ Online, June 20, 2014). The company, which didn’t reach the same level of total production until 31 years after it launched, made its first discovery in the…
USEC Inc. (NYSE:USU), on June 27, 2014, through Amendment no. 003 in the previous contract, agreed to let UT-Battelle act as the operator and administrator of Oak Ridge National Laboratory. Both the companies had signed an agreement on 1st of May, 2014, whereby UT-Battelle was assigned the tasks of demonstration, research and development of the…
Valero Energy Corporation (NYSE:VLO) which has generated ample controversy in recent years for seeking tax breaks and suing local governments to drop its tax bill, has applied for another public subsidy to expand its Houston refinery. Valero Energy Corporation (NYSE:VLO) stock performance was -3.04% in last session and finished the day at $50.10. Traded volume…
Ratings firms have expressed concern about a Brazilian government decision to sell billions of dollars worth of offshore oil rights to Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), saying the move will weigh on the state-run oil company’s cash flow and creditworthiness. The company is formally known, was awarded on Tuesday the rights to explore four…
The Bank of America Corporation (NYSE:BAC) issued layoff notices to 540 Charlotte employees. The job cut has been in the Legacy Asset Servicing division and it will impact 60% employees of that division in Charlotte. Bank of America Corp (NYSE:BAC) stock performance was -0.39% in last session and finished the day at $15.41. Traded volume…
