On June 27, 2014 in connection with the prior appointment of Michael F. Doolan as Executive Vice President and Chief Financial Officer of Molycorp Inc (NYSE:MCP), Mr. Doolan has entered into an employment agreement (“Doolan Employment Agreement”) with the Company’s Canadian subsidiary, Molycorp Minerals Canada ULC. Pursuant to the terms of the Doolan Employment Agreement, Mr. Doolan continues to receive an annual base salary of Cdn$425,000, subject to increases at the Company’s discretion, and will participate in the Company’s annual incentive plan at a target level of 65% of his base salary and in the Company’s long-term incentive program at a target level of 125% of his base salary. Mr. Doolan will also be entitled to participate in the retirement, health and other benefit plans and equity plans and programs, including performance-based equity plans, generally available to the Company’s executive officers and will be entitled to certain perquisites. Molycorp Inc (NYSE:MCP) net profit margin is -90.00%and weekly performance is -8.59%. On last trading day company shares ended up $2.34. Analysts mean target price for the company is $4.10. Molycorp Inc (NYSE:MCP) distance from 50-day simple moving average (SMA50) is -28.48%.
Troubles at Portuguese conglomerate Espírito Santo International SA have hit the country’s telecom giant Portugal Telecom, SGPS (ADR) (NYSE:PT), with a former director saying he resigned earlier this week for not being properly informed about an investment Portugal Telecom had made in the conglomerate’s debt. Portugal Telecom, SGPS (ADR) (NYSE:PT) shares fell -2.90% in last trading session and ended the day on $3.35.PT Gross Margin is 79.40% and its return on assets is 3.90%. Portugal Telecom, SGPS (ADR) (NYSE:PT) quarterly performance is -18.09%.
TheStreet Ratings rates Oi S. A. CL ‘C’ (NYSE:OIBR.C) as a sell. The company’s weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, unimpressive growth in net income, generally high debt management risk and generally disappointing historical performance in the stock itself. Oi S. A. CL ‘C’ (NYSE:OIBR.C) shares moved up 0.58% in last trading session and was closed at $0.865, while trading in range of $0.83 – $0.88. Oi S. A. CL ‘C’ (NYSE:OIBR.C) year to date (YTD) performance is -46.93%.
On June 27, 2014, Norcraft Companies Inc (NYSE:NCFT) held its 2014 Annual Meeting of Shareholders (the “Meeting”) to (i) elect one Class I director, and (ii) ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2014. For more information about the foregoing matters, see the Company’s proxy statement filed with the Securities and Exchange Commission on April 30, 2014. As of May 6, 2014, the record date for the Meeting, there were 17,311,573 shares of common stock outstanding and entitled to vote on all matters. At the Meeting, 15,057,999 shares of common stock eligible to vote were represented in person or by proxy, constituting a quorum. Norcraft Companies Inc (NYSE:NCFT) ended the last trading day at $14.19. Company weekly volatility is calculated as 3.00% and price to cash ratio as 6.88. Norcraft Companies Inc (NYSE:NCFT) showed a negative weekly performance of -0.70%.