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Alcoa (AA)
Alcoa announced that it is among 60 corporations pilot testing a draft protocol for accounting and reporting greenhouse gas (GHG) emissions across a product’s life cycle. The Greenhouse Gas Protocol Initiative is being launched by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).
WRI and WBCSD have developed two new GHG Protocol standards, the Product Life Cycle Accounting and Report Standard and the Scope 3 (Corporate Value Chain) Accounting and Reporting Standard. Alcoa will test the Product Standard by measuring the climate change impact of its aluminum forged wheels.
Feb 25 · 3:34:00 PM · Source: Company Press Release
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by Michael Oliveto
Alcoa (AA)
Fitch Ratings has affirmed the ratings for Alcoa Inc of Issuer Default Rating (IDR) at 'BBB-' and Short-term IDR at 'F3'.
The Rating Outlook remains Negative.
Feb 23 · 7:52:00 PM · Source: Reuters
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by Michael Oliveto
Senomyx (SNMX)
Senomyx announced the pricing of an underwritten public offering of 7,142,857 shares of its common stock at a price to the public of $2.80 per share. The gross proceeds from the sale of the shares, before underwriting discounts and commissions and other offering expenses, are expected to be approximately $20.0 million. The offering is expected to close on or about February 18, 2010, subject to customary closing conditions. Senomyx has also granted the underwriters a 30-day option to purchase up to an aggregate of 1,071,428 additional shares of common stock to cover over-allotments, if any. All of the shares in the offering are being sold by Senomyx.
Senomyx anticipates using the net proceeds from the offering to fund research and development efforts, and for general corporate purposes, including working capital.
Feb 15 · 7:51:00 PM · Source: The Medical News
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by Michael Oliveto
Pan American Silver (PAAS)
Pan American Silver declared a regular quarterly dividend in the amount of $.025 per share payable March 12, 2010 to shareholders of record on February 26, 2010.
At today''s $22.20 stock price the dividend yield is 0.45%.
Feb 15 · 7:45:00 PM
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by Michael Oliveto
Pan American Silver (PAAS)
Pan American Silver reported for the full year 2009 earnings of $61.998 million, or $0.71 per share, on sales of $454.8 million. That compares to the prior year earnings of $24.602 million, or $0.31 per share, on sales of $338.6 million.
The company expects silver production to increase modestly to 23.4 million ounces and gold production to decline in fiscal 2010, to 85,600 ounces as a result of slightly lower gold grades at Manantial Espejo and Alamo Dorado. In contrast, the Company expects zinc, lead and copper production to increase to 46,000 tonnes, 15,800 tonnes and 7,300 tonnes respectively, due to a fiscal 2010's production from San Vicente and an increase in throughput at Huaron.
Feb 15 · 7:41:00 PM · Source: Company Press Release
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by Michael Oliveto
Glatfelter (GLT)
Glatfelter announced today that it has completed its previously announced acquisition of Concert Industries Corp. from Brookfield Special Situations Management Limited, an affiliate of Brookfield Asset Management for $235 million subject to a post-closing working capital adjustment.
Glatfelter financed the acquisition through a combination of cash on hand, proceeds from the 7 1/8% unsecured senior notes issued on February 5, 2010 and borrowings under its existing revolving credit agreement.
Glatfelter will operate Concert as a third business unit along with its Specialty Papers and Composite Fibers business units.
Feb 15 · 7:21:00 PM · Source: Environmental Expert · Related: Brookfield Asset Management Inc
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by Michael Oliveto
Terra Industries (TRA)
Terra Industries announced that the Company's Board of Directors has unanimously approved a definitive merger agreement under which Yara International ASA (OSLO: YAR.OL) ("Yara") will acquire all of the outstanding shares of Terra common stock for US$41.10 per share in cash. The transaction has a total equity value of approximately US$4.1 billion. The US$41.10 per share cash purchase price represents a 23.6% premium over Terra's closing price on February 12, 2010, the last trading day prior to today's announcement.
"Our Board is unanimous in its firm belief that this transaction is compelling for our shareholders, customers, and employees" said Henry Slack, Chairman of the Board of Terra. "In December Terra paid a special cash dividend of $7.50 per share to our shareholders, and with this transaction, we have delivered a significant premium for their investment in Terra."
Feb 15 · 6:48:00 PM · Source: Company Press Release
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by Michael Oliveto
Albemarle (ALB)
Albemarle, a leading global provider of custom manufacturing services, announced it will partner with PharmaCore to provide manufacturing capabilities for customers with projects that require high volume capacity.
This alliance allows a seamless technology transfer from PharmaCore to Albemarle, offering PharmaCore customers long term, higher volume capacity for their pharmaceutical projects. Albemarle's custom manufacturing capabilities include a network of manufacturing assets in South Haven, Mich., Tyrone, Pa. and Orangeburg, S.C., providing Active Pharmaceutical Ingredients (APIs) and advanced pharmaceutical intermediate production in a broad range of scale and chemistries.
Feb 15 · 6:15:00 PM · Source: Company Press Release
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by Michael Oliveto
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