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Stock Market & Financial Investment News

News Breaks
January 31, 2014
07:07 EDTCCJCameco agrees to sell interest in Bruce Power for $450M
Cameco announced it has agreed to sell its 31.6% limited partnership interest in Bruce Power to BPC Generation Infrastructure Trust, one of the limited partners in Bruce Power. Bruce Power operates four of the eight reactors at the world's largest nuclear generating facility in Tiverton, Ontario. The aggregate purchase price for Cameco's interest in Bruce Power and certain related entities is $450M. The effective date for the sale is December 31, 2013.
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August 27, 2014
09:14 EDTCCJCameco reports strike notice prompts shutdown of McArthur River, Key Lake
Cameco announced that, in response to receiving strike notice from the United Steelworkers Local 8914, the company initiated a shutdown of its McArthur River mine and Key Lake mill operations and will cease production at those sites. The union has advised Cameco of its intention to commence strike action, effective 12:01 a.m. on August 30. In response to the strike notice, Cameco issued a lockout notice effective 12:01 a.m. on August 30 to assure a safe and orderly shutdown of its facilities. Cameco is continuing to meet with the union during the 72-hour notice period. The work stoppage involves approximately 535 unionized employees at the two operations. Contract negotiations began in November 2013. The previous four-year contract expired December 31, 2013. In July, the company and union jointly applied for conciliation under the Canada Labour Code. A labour disruption is not expected to affect the company's 2014 uranium delivery commitments to customers. Cameco may draw on a variety of supply sources including primary production, and existing purchase commitments and inventories.
August 21, 2014
10:14 EDTCCJOn The Fly: Analyst Downgrade Summary
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08:02 EDTCCJCameco downgraded at Cowen
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06:17 EDTCCJCameco downgraded to Market Perform from Outperform at Cowen
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