On May 30, Brazilian carrier GOL Linhas Aereas SA (ADR) (NYSE:GOL) has received the green signal from its board to proceed with its exclusive strategic partnership with European giant Air France-KLM SA. GOL expects to expand its operations between Brazil and Europe on the back of this deal. Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) net profit margin is -15.50% and weekly performance is 4.45%. On last trading day company shares ended up $5.87. Analysts mean target price for the company is $7.13.
Arcos Dorados Holding Inc (NYSE:ARCO) was upgraded by stock analysts at Bank of America to a “buy” rating in a report issued on Monday Arcos Dorados Holding Inc (NYSE:ARCO) shares advanced 7.91% in last trading session and ended the day on $10.37. Gross Margin is 13.60 % and its return on assets is 1.90%. Arcos Dorados Holding Inc (NYSE:ARCO) quarterly performance is 13.21%.
On May 23, 2014, Mechel OAO (ADR) (NYSE:MTL)’s Board of Directors held a meeting confirming recommendations to the annual general shareholders’ meeting regarding the payment of dividend based upon the results of the 2013 fiscal year: the Board recommended not to pay an annual dividend with respect to ordinary shares; the Board recommended an annual dividend of 0.05 rubles per one preferred share (approximately $0.0015 per one preferred share and $0.0007 per one preferred ADR*). Dividends must be paid by bank transfer in time specified by Russian law. Mechel OAO (ADR) (NYSE:MTL) shares moved up 7.50% in last trading session and was closed at $2.15, while trading in range of $1.94 – $2.15. Mechel OAO (ADR) (NYSE:MTL) year to date (YTD) performance is -16.02%.
On June 3, 2014, Chegg Inc (NYSE:CHGG), The Student Hub, announced that it has agreed to acquire InstaEDU, a leading on-demand tutoring marketplace, for $30 million in cash. InstaEDU has quickly scaled into a platform that connects students with on-demand tutors in more than 2,500 subjects, ranging from high school and standardized test prep, all the way through advanced college concepts for as little as $0.40 per minute. Chegg Inc (NYSE:CHGG) ended the last trading day at $6.77. Company weekly volatility is calculated as 6.08% and price to cash ratio as 5.99. Chegg Inc (NYSE:CHGG) showed a positive weekly performance of 25.14%.
On June 3, 2014, HEMP, INC. (OTCMKTS:HEMP) wholly owned subsidiary, The Industrial Hemp and Medical Marijuana Consulting Company, Inc. (IHMMCC), announced that it has signed a consultant agreement with View Systems, Inc. VSYM +5.66% , a leading Baltimore-based manufacturer and provider of integrated weapons detection systems. Per the agreement, IHMMCC will provide product distribution, professional sales and marketing services, and sales representation for the View-Scan product line to the Industrial Hemp and Medical Marijuana Industries, as well as other traditional channels of distribution. HEMP, INC. (OTCMKTS:HEMP) On last trading day company shares ended up $0.0555 .