Kinder Morgan, Inc. (NYSE:KMI) revealed that the following Webcast: on 2014 Kinder Morgan Analyst Conference at Wednesday, Jan. 29, 2014 @ 8:00 a.m. CST. Kinder Morgan is the largest midstream and the third largest energy company in North America with a combined enterprise value of approximately $110 billion. Kinder Morgan Inc (NYSE:KMI) stock opened at $32.28 in last session, and closed at $32.10, while the day range of KMI stock is $31.45-$32.61.The stock showed a negative weekly performance of -4.97%.
Vale SA (ADR) (NYSE:VALE) plans on shutting down the company’s planning work at this site on 28 Feb, if there is eventually no resolution, said Ferreira. Sergipe’s Governor -Jackson Barreto said during the same hearing, the state will now find a solution to this tax problem. This impasse stems from the battle between the company’s rival Sergipe towns of Capala & Japaratuba over the actual location of the mine’s planned processing-facility on the territory so that they can then reap the expected tax-benefits. Ferreira said that they will not do anything that will hurt the state, but if there is no political solution they will hire a bank for selling the project to someone who is interested in its development. Vale SA (ADR) (NYSE:VALE) stock opened at $14.68, in last session and closed at $14.38, by loosed 14.38%.The 52 week range was $12.39-$19.41.Company’s market capitalization is $74.11 billion.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)which is regarded as the most indebted oil company in Brazil and by extension globally, could face further production problems if it doesn’t resolve some safety issues in its offshore operations. The platforms at the Campos Basin are the most quoted as still having a lot to be done as regards resolving safety issues. A federal labor prosecutor known as Mauricio Coentro was quoted last Sunday as saying that Petroras needs to do more about its offshore platforms safety, without which patform shutdowns may be inevitable. If authorities move to shutdown risky operations, Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)’s output would be greatly affected give that the company has looked to boosting production to offset its prevailing market problems. The company has over the last two years been trying to improve safety standards in its various offshore operations. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock gained 2.10% and finished the last session at $11.67. The EPS of the stock remained 1.85.Company’s market capitalization is $76.11 billion.
Alcoa Inc (NYSE:AA)’s decision to stop operations at Point Henry is leaving a trail of casualties. The Geelong council will have to adjust its budget to accommodate the loss of revenue from the aluminum company. Workers are also being prepared for redundancy. Alcoa managed has in the meantime assured affected workers of full entitlement payment when the facility eventually closes later this year. It is now reported that about 800 workers will be affected by shutdown of Point Henry operations. And majority of the workforce in the plant have been in service for at least a decade. According to the emerging reports, Alcoa is willing to offer a redundancy payoff of at least three and half weeks of basic salary for each year served. The company will also help the affected workers through confidential counseling, financial planning among other assistance necessary for its affected employees. However, even as Alcoa Inc (NYSE:AA) makes these promised, Australian Workers Union still has a lot of question, more so regarding government support for the affected Point Henry workers. Alcoa Inc (NYSE:AA) stock opened the session at $11.72, and closed the session at $11.77.The 52 week range of the AA stock remained $7.63-$12.32 and the day range was $11.63-$11.82.
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