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Stock Market & Financial Investment News

News Breaks
December 20, 2012
19:37 EDTVALEVale to take $4.2B pre-tax charge in Q4
Vale S.A. informs that it has concluded the annual assessment of Onša Puma and aluminum assets, which will imply the recognition of an impairment charge before tax of $4.2B, thus affecting our earnings in Q4. The issues with the two furnaces of Onša Puma determined the total stoppage of its ferronickel operations since June. After analyzing the case, Vale decided to rebuild one of the furnaces, at an estimated cost of $188M in 2013, and plans its start up in 4Q13. Given this event and in face of the current market environment for ferronickel, the valuation of Onša Puma determined the need to recognize an impairment charge before tax of $2.848B. The book value of Onša Puma was $3.778B as of September 30. The downward volatility of aluminum prices and the macroeconomic uncertainties about the European economy have contributed to reduce the market value of our 22% stake in Hydro ASA, a Norwegian aluminum producer, to a level below the book value of our investment. Based on Hydro share prices at September 30, we are recognizing an impairment charge before tax of $1.3B, which will impact our 4Q12 net earnings. Reference Link
News For VALE From The Last 14 Days
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September 22, 2014
14:31 EDTVALEVale hits a new 52-week low, levels to watch
Price is down 5.5% to $11.34, having earlier hit a 52-week low at $11.27. Below the 52-week low, next support is at $10.50. Resistance is at $11.62, the session high, and then at $12.
13:20 EDTVALEVale volatility increases as shares pullback
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11:02 EDTVALEOptions with decreasing implied volatility
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06:20 EDTVALEStocks with implied volatility movement; SDRL VALE
Stocks with implied volatility movement; Seadrill (SDRL) 40, Vale (VALE) 39 according to iVolatility.
September 19, 2014
10:53 EDTVALE Options with increasing implied volatility: ESI INO VALE AGNC
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September 18, 2014
10:52 EDTVALEOptions with increasing implied volatility
Options with increasing implied volatility: RPRX VALE NLY AGNC
September 17, 2014
12:34 EDTVALEVale management to meet with Jefferies
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September 16, 2014
10:37 EDTVALEOptions with decreasing implied volatility
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September 12, 2014
11:03 EDTVALEOptions with increasing implied volatility
Options with increasing implied volatility: ADHD VNET AVNO RAX VALE NLY EWZ BBBY SYY GGP

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