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Stock Market & Financial Investment News

News Breaks
December 19, 2012
12:17 EDTVALEVale resolves tax dispute with Swiss federal authorities.
In a regulatory filing from earlier today, Vale informs that its wholly-owned subsidiary Vale International (ValeI), based in St. Prex, Canton of Vaud, Switzerland, has resolved its tax dispute with the Swiss federal authorities. The tax dispute was related to the federal tax holiday granted to ValeI in 2006 and the differences in its interpretation. Vale decided to clear the dispute and will pay the additional taxes claimed by the Swiss federal authorities for a total of CHF 212M. Vale has made a provision of US$ 37 million and the difference will impact our income statement in the fourth quarter of 2012. Payment will be made in installments, starting in January 2013, with the last one taking place in 2015.
News For VALE From The Last 14 Days
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October 30, 2014
06:12 EDTVALEVale reports Q3 net loss $1.44B
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October 29, 2014
10:00 EDTVALEOn The Fly: Analyst Downgrade Summary
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08:02 EDTVALEVale downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse downgraded Vale to Underperform with a reduced price target of $11 from $12.50. The firm believes shares still reflect optimistic expectations for full delivery of iron ore expansion and have yet to be adjusted for weaker end user steel demand and commodities deflation.
October 28, 2014
13:59 EDTVALEChanos covered some shorts in Brazil, Reuters reports
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October 26, 2014
19:47 EDTVALEBrazil's Rousseff wins second term as president, WSJ says
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October 24, 2014
07:25 EDTVALEVale volatility elevated as shares trend lower into Brazil elections
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October 23, 2014
11:38 EDTVALEStocks with call strike movement; FB VALE
Facebook (FB) March 90 call option implied volatility decreased 3% to 35, Vale (VALE) March 12 call option implied volatility decreased 3% to 33 according to IVolatility.

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