NEW YORK, January 15, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Westlake ( NYSE: WLK), Westlake Chemical Partners ( NYSE: WLKP), Xerium ( NYSE: XRM), Xinyuan ( NYSE: XIN), and Yamana ( NYSE: AUY). Analysts Review provides a single unified platform for investors' to hear about what matters - 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.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
WLK Research Report: ( http://get.analystsreview.com/pdf/?c=Westlake&d=15-Jan-2015&s=WLK ),
WLKP Research Report: ( http://get.analystsreview.com/pdf/?c=Westlake%20Chemical%20Partners&d=15-Jan-2015&s=WLKP ),
XRM Research Report: ( http://get.analystsreview.com/pdf/?c=Xerium&d=15-Jan-2015&s=XRM ),
XIN Research Report: ( http://get.analystsreview.com/pdf/?c=Xinyuan&d=15-Jan-2015&s=XIN ),
AUY Research Report: ( http://get.analystsreview.com/pdf/?c=Yamana&d=15-Jan-2015&s=AUY ).
Analyst Update: Share Repurchase Program,Quarterly Earnings, Recognitions, and Corporate Updates
Reviewed by: Rohit Tuli, CFA®
The U.S. market sell-off showed no signs of easing on Wednesday, extending losses for fourth straight day as investors shunned risky assets and fled to safe havens amid deepening concerns over the global economic growth. The equity markets mirrored continued slump in commodities prices on Wednesday, led by the biggest plunge in Copper since 2011, after the World Bank cut its economic growth forecasts for this year and next. The Dow Jones Industrial Average ended the session 1.06% lower at 17,427.09, the S&P 500 lost 0.58% to close at 2,011.27, and the Nasdaq Composite dropped 0.48% to 4,639.32. Beaten-down commodity prices also weighed upon European markets on Wednesday. In Europe, energy and mining stocks led the decline following the prices of copper and oil. Meanwhile, Asian equities also ended lower as investors stayed on the sidelines amid deepening commodities rout and renewed concerns over world economic growth.
Westlake Chemical Corp. (Westlake) announced that its Board of Directors has authorized the Company to repurchase up to $250 million in shares of its common stock. Meanwhile, Q3 2014 sales were up, positively impacted by Vinnolit, which was acquired in July 2014, higher sales prices for major olefins products and PVC resin, and higher sales volumes for PVC resin, caustic soda and ethylene.
Westlake Chemical Partners LP (Westlake Chemical Partners), which completed its initial public offering (IPO) in August last year, announced third quarter 2014 results. The Partnership's post-IPO period revenue from the production, transportation and sale of ethylene and related co-products was $171.6 million.
Xerium Technologies, Inc. (Xerium) announced that it has been honored as one of the top 35 Healthiest Employers for 2014 by Triangle Business Journal. In recent years, Xerium initiated its corporate-wide wellness programs for employees, offering incentives on medical plan premiums, gym membership reimbursements, among other things.
China-based residential real estate developer Xinyuan Real Estate Co., Ltd. (Xinyuan) announced that it has recently acquired four land parcels in Zhengzhou, Henan province, through public auction for the purpose of developing high-rise residential apartments.
Yamana Gold, Inc. (Yamana) - Canadian-based gold producer, issued a press release in response to adverse court ruling in a dispute involving the Company's subsidiary Northern Orion Resources Inc., now known as 0805346 B.C. Ltd. Yamana said that its subsidiary, which has been ordered by court-appointed arbitrator to pay $244 million in damages to Samco Gold, will vigorously defend its position.
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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.
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