Vale SA (ADR) (NYSE:VALE) ended the second week of February on a weak drive, following tough Chinese regulations, restricting the size of the vessels arriving at its ports. The new regulations announced by Ministry of Transport, Chinese Government are expected to turn aspiring ambition of VALE to deliver to China in super-large-sized ships in the near future. Vale SA (ADR) (NYSE:VALE) stock opened at $14.57 in last session, and closed at $14.47, while the day range of VALE stock is $14.46-$14.73.The stock showed a positive weekly performance of 4.09%.
Cereplast Inc (OTCMKTS:CERP) filed a voluntary petition in the United States Bankruptcy court for the Southern District Of Indiana seeking relief under Chapter 11 of Title 11 of the United States Code. The Chapter 11 cases are being administered under the caption “In re Cere plast, Inc.”, Case No. 14-90200-BHL-11. The Debtors intend to continue to operate their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. Cere plast Inc (OTCMKTS:CERP) stock closed at $0.0019, by loosed -9.52%.The 52 week range was $0.00-$0.05.Company’s market capitalization is $1.89 million.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) A Brazil-based energy company after a mixed 2013, it expected to see some quick action due to a spate of forward looking developments. These include- the completion of the P-55 platform which is expected to net 180,000 barrels oil and 4 million cubic meters of natural gas treatment in a day. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock loosed -2.69% and finished the last session at $11.20-$11.47.The EPS of the stock remained 1.85.Company’s market capitalization is $73.05 billion.
Alcoa Inc (NYSE: AA) announced it will permanently close its Point Henry aluminum smelter and two rolling mills in Australia. The smelter and an adjacent rolling mill are located in Geelong, Victoria. The second mill and a recycling facility are located in Yennora, New South Wales. The smelter will close in August and the rolling mills by the end of 2014. Alcoa Inc (NYSE:AA) stock opened the session at $11.34, and closed the session at $11.40.The 52 week range of the AA stock remained $7.63-$12.32 and the day range was $11.21-$11.44.