Suntech Power Holdings Co., Ltd. (OTCBB:STPFQ) announced that the administrator of Suntech Power International Ltd. (“SPI”), the Company’s principal operating subsidiary in Europe, has called for a meeting of the creditors of SPI on June 10, 2014 to consider a proposed dividend agreement to resolve the claims of SPI’s creditors. Under Swiss law, such agreement would be approved if either the majority of creditors by number representing two-thirds of the claim amounts or one-fourth of creditors by number representing at least three-fourths of the claim amounts consent to such agreement. In the event SPI’s creditors approve the agreement, such agreement is also subject to final approval by the court in Schaffhausen, Switzerland. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) on last trading day company shares ended up $0.305 .
Dow AgroSciences LLC, a unit of chemical giant The Dow Chemical Company (NYSE:DOW) has secured Chinese registration for its Arylex active herbicide. This represents the first registration of this novel weed resistance management tool.The Dow Chemical Company (NYSE:DOW) shares advanced 0.30% in last trading session and ended the day on $50.20. DOW Gross Margin is 16.70% and its return on assets is 6.90%. The Dow Chemical Company (NYSE:DOW) quarterly performance is 9.08%.
Federal regulators have announced an $875,000 settlement with Chevron Corporation (NYSE:CVX) related to a pair of Utah oil spills in recent years. The Environmental Protection Agency announced the settlement Monday. Chevron spokesman Gareth Johnstone says the company has agreed on the settlement terms, resolving each of the federal penalties it faced in relation to the two spills. Chevron Corporation (NYSE:CVX) shares moved up 0.45% in last trading session and was closed at $126.42, while trading in range of $125.76 – $126.78. Chevron Corporation (NYSE:CVX) year to date (YTD) performance is 2.11%.
ConocoPhillips (NYSE:COP) Chairman and Chief Executive Officer Ryan Lance said he decided not to attend a conference in St. Petersburg following talks with the U.S. State Department. Company officials were advised by the State Department not to go to the May 22 event as the annexation of Crimea by Russia led to diplomatic tensions, Lance, who was planning to attend, told reporters at the company’s annual meeting in Houston. ConocoPhillips (NYSE:COP) ended the last trading day at $78.53. Company weekly volatility is calculated as 0.95% and price to cash ratio as 14.79. Chevron Corporation (NYSE:CVX) showed a positive weekly performance of 0.54%.
Total SA (ADR) (NYSE:TOT) had its price objective reduced by FirstEnergy Capital from $26.00 to $25.00 in a report released on Tuesday, American Banking News.com reports. Total SA (ADR) (NYSE:TOT) net profit margin is 5.60% and weekly performance is -1.11%. On last trading day company shares ended up $70.95. Analysts mean target price for the company is $67.23. Total SA (ADR) (NYSE:TOT) distance from 50-day simple moving average (SMA50) is 6.08%.
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