Factors Moving Markets -- New Reports on Braskem, Brookfield Residential, Buenaventura, Cabot and Calgon Carbon
Editor Note: For more information about this release, please scroll to bottom
NEW YORK, December 15, 2014 /PRNewswire/ --
Moments ago, Realtime Equities released new analyst updates concerning several important developing situations. Realtime Equities is the leader in realtime news, commentary and analysis - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links at the bottom.
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Analyst Update: Recognitions, Appointments, Quarterly Results, and Revised Tariffs
Reviewed by: Rohit Tuli, CFA®
The U.S. markets on Friday plummeted as the price of crude oil continued its decline and dipped to $57.81 per barrel from $107.95 per barrel as on June 20, 2014. The Dow Jones Industrial Average finished at 17,280.83, down 1.79%, the NASDAQ Composite closed at 4,653.60, down 1.16% and the S&P 500 ended 1.62% lower at 2,002.33. The market was further hit as the International Energy Agency slashed its oil production growth forecast by 230,000 barrels per day. The Asian stock markets ended on a mixed note after two contrasting pieces of economic data surfaced from China. China's industrial output for the month of November 2014 increased by a less-than-expected 7.2% YoY, but retail sales rose 11.7%, beating forecasts. China's fixed-asset investment increased 15.8% in the first 11 months of the year, in line with expectations. The European markets ended the day in red, led by gloomy global crude demand and a weak Chinese economic data.
Braskem SA (Braskem) was included in the Corporate Sustainability Index (ISE) of the Brazilian Stock Exchange (BM&FBovespa) for the tenth year in the row. The inclusion in the index highlights the Company's commitment to practices like corporate governance, social responsibility, financial management and environmental preservation.
Brookfield Residential Properties Inc.'s (Brookfield Residential) Special Committee of the Board of Directors appointed Morgan Stanley as its exclusive financial advisor for the previously announced non-binding proposal from Brookfield Asset Management Inc. to acquire the approximately 30% of the common shares of Brookfield Residential for $23.00 cash per share.
Compania de Minas Buenaventura SAA (Buenaventura) reported strong third quarter 2014 financial results as bottom line improved 20.2% YoY. The quarterly results include $59.9 million non-cash income from the Canteras del Hallazgo (Chucapaca project) acquisition.
Cabot Corp. (Cabot) reported weak fourth quarter fiscal 2014 financial results as bottom line declined 29.8% YoY. However, top line for the quarter witnessed growth. The Company's full-year FY 2014 results were strong, as top line and bottom line both witnessed growth.
The Department of Commerce issued new tariffs on steam activated carbon from China in the range of $0.018 to $1.10 per lb, based upon a review of prices of Chinese activated carbon imported into the U.S. from April 1, 2012 to March 31, 2013.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
BAK ResearchReport: ( http://get.realtimeequities.com/pdf/?c=Braskem&d=15-Dec-2014&s=BAK ),
BRP ResearchReport: ( http://get.realtimeequities.com/pdf/?c=Brookfield%20Residential&d=15-Dec-2014&s=BRP ),
BVN Research Report: ( http://get.realtimeequities.com/pdf/?c=Buenaventura%20Mining&d=15-Dec-2014&s=BVN ),
CBT Research Report: ( http://get.realtimeequities.com/pdf/?c=Cabot&d=15-Dec-2014&s=CBT ),
CCC Research Report: ( http://get.realtimeequities.com/pdf/?c=Calgon%20Carbon&d=15-Dec-2014&s=CCC ).
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Realtime Equities, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Realtime Equities in this article or report according to the procedures outlined by Realtime Equities. Realtime Equities is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.realtimeequities.com/editors
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