Breaking News Instant updates and real-time market news.

VALE

Vale

$13.64

-1.21 (-8.15%)

04:59
01/28/19
01/28
04:59
01/28/19
04:59

Vale board weighs non-payment of dividends after dam breach

Vale S.A. said that in consequence of the breach of Dam I of the Corrego do Feijao mine in Brazil, its board established two Extraordinary Independent Consulting Committees. The first independent committee will be dedicated to follow-up on the measures taken to support the victims and the recovery of the areas affected by the breach of the dam. The second independent committee will be dedicated to investigating the causes and responsibilities for the dam breach. Additionally, it deliberated the following changes on the remuneration and incentives schemes: The suspension of the Shareholder Remuneration Policy, and therefore the non-payment of dividends and interest on capital, as well as any other deliberation on shares buyback, The suspension of the variable remuneration payment for executives. Value added that its board "remains in readiness and following the developments of the events related to the dam breach and it will take necessary additional measures." Shares of Vale closed Friday down 8% to $13.66 and are down an additional 13% in premarket trading to $11.86.

VALE Vale
$13.64

-1.21 (-8.15%)

01/25/19
JPMS
01/25/19
NO CHANGE
JPMS
Overweight
Vale dam breach likely to bring oversight, fines, says JPMorgan
JPMorgan analyst Rodolfo Angele says the burst of one of the dams supporting Vale's Feijao mine in Minas Gerais state is likely to result in higher compliance from authorities as well as financial fines. The tragedy is likely to generate higher scrutiny over the regulatory framework of the mining industry, especially over the usage of dams, Angele tells investors in a research note. He notes Vale produced ~60% of its iron ore through operations that rely on dams. The analyst has an Overweight rating on Vale shares. The stock in afternoon trading is down 9%, or $1.28, to $13.58.
01/25/19
JEFF
01/25/19
NO CHANGE
Target $18
JEFF
Buy
Dam break a 'material negative' for Vale, positive for peers, says Jefferies
Jefferies analyst Christopher LaFemina noted that reports indicate a Vale (VALE) dam at Mina Feijao in Minas Gerais broke, though the full extent of the damage and the potential impact on iron ore markets is still unclear. Stating that he hopes the reports of fatalities are inaccurate, LaFemina calls the news a "material negative" for Vale and a positive for other miners due to potential impact it could have on iron ore prices. He reiterates Buy ratings on Rio Tinto (RIO) and Anglo American (NGLOY).
01/24/19
EXAN
01/24/19
DOWNGRADE
EXAN
Underperform
Vale downgraded to Underperform from Neutral at Exane BNP Paribas
12/11/18
MACQ
12/11/18
UPGRADE
MACQ
Outperform
Vale upgraded to Outperform from Neutral at Macquarie

TODAY'S FREE FLY STORIES

QD

Qudian

$4.07

-0.52 (-11.33%)

05:37
11/22/19
11/22
05:37
11/22/19
05:37
Conference/Events
Qudian to host investor update conference call »

Conference call to be…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Nov

LB

L Brands

$17.18

1.18 (7.38%)

05:36
11/22/19
11/22
05:36
11/22/19
05:36
Upgrade
L Brands rating change  »

L Brands upgraded to In…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

  • 27

    Feb

IFF

International Flavors

$136.82

0.38 (0.28%)

05:35
11/22/19
11/22
05:35
11/22/19
05:35
Upgrade
International Flavors rating change  »

International Flavors…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

RMD

ResMed

$146.25

-3.43 (-2.29%)

05:32
11/22/19
11/22
05:32
11/22/19
05:32
Initiation
ResMed initiated  »

ResMed initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ORGO

Organogenesis

$6.09

-1.16 (-16.00%)

05:32
11/22/19
11/22
05:32
11/22/19
05:32
Syndicate
Organogenesis 9M share Secondary priced at $5.00 »

Credit Suisse and SVB…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Nov

AMKBY

AP Moller Maersk

$0.00

(0.00%)

05:31
11/22/19
11/22
05:31
11/22/19
05:31
Downgrade
AP Moller Maersk rating change  »

AP Moller Maersk…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FTI

TechnipFMC

$19.65

0.04 (0.20%)

05:29
11/22/19
11/22
05:29
11/22/19
05:29
Downgrade
TechnipFMC rating change  »

TechnipFMC downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BZUN

Baozun

$35.90

-7.59 (-17.45%)

05:26
11/22/19
11/22
05:26
11/22/19
05:26
Downgrade
Baozun rating change  »

Baozun downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ENTA

Enanta

$63.27

1.55 (2.51%)

05:26
11/22/19
11/22
05:26
11/22/19
05:26
Downgrade
Enanta rating change  »

Enanta downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NVO

Novo Nordisk

$54.01

-0.44 (-0.81%)

05:25
11/22/19
11/22
05:25
11/22/19
05:25
Downgrade
Novo Nordisk rating change  »

Novo Nordisk downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

LRENY

Lojas Renner

$0.00

(0.00%)

05:24
11/22/19
11/22
05:24
11/22/19
05:24
Upgrade
Lojas Renner rating change  »

Lojas Renner upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BRMK

Broadmark Realty Capital

$10.94

-0.02 (-0.18%)

05:20
11/22/19
11/22
05:20
11/22/19
05:20
Initiation
Broadmark Realty Capital initiated  »

Broadmark Realty Capital…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ATHM

Autohome

$70.52

0.535 (0.76%)

05:19
11/22/19
11/22
05:19
11/22/19
05:19
Hot Stocks
Autohome appoints Xiao Wang as Chief Technology Officer »

Autohome announced the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

INTU

Intuit

$270.01

-3.38 (-1.24%)

05:18
11/22/19
11/22
05:18
11/22/19
05:18
Recommendations
Intuit analyst commentary  »

Intuit Q2 guidance…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Dec

  • 09

    Dec

JELD

Jeld-Wen

$20.61

-0.3 (-1.43%)

05:17
11/22/19
11/22
05:17
11/22/19
05:17
Hot Stocks
Jeld-Wen will appeal latest ruling in Steves litigation »

Jeld-Wen responded to the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPLK

Splunk

$126.80

-0.04 (-0.03%)

05:15
11/22/19
11/22
05:15
11/22/19
05:15
Recommendations
Splunk price target raised to $165 from $157 at Jefferies »

Jefferies analyst Brent…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Dec

NFLX

Netflix

$311.88

6.95 (2.28%)

, DIS

Disney

$146.91

0.09 (0.06%)

05:12
11/22/19
11/22
05:12
11/22/19
05:12
Recommendations
Piper survey finds one third of U.S. Netflix subscribers want Disney+ »

Disney's (DIS)…

NFLX

Netflix

$311.88

6.95 (2.28%)

DIS

Disney

$146.91

0.09 (0.06%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Dec

  • 10

    Dec

NPPRF

Nippon Ceramic

$0.00

(0.00%)

05:06
11/22/19
11/22
05:06
11/22/19
05:06
Downgrade
Nippon Ceramic rating change  »

Nippon Ceramic downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TTDKY

TDK Corporation

$0.00

(0.00%)

05:04
11/22/19
11/22
05:04
11/22/19
05:04
Upgrade
TDK Corporation rating change  »

TDK Corporation upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MRAAY

Murata Manufacturing

$0.00

(0.00%)

05:03
11/22/19
11/22
05:03
11/22/19
05:03
Upgrade
Murata Manufacturing rating change  »

Murata Manufacturing…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FBBPF

Prologis Property Mexico

$0.00

(0.00%)

04:59
11/22/19
11/22
04:59
11/22/19
04:59
Downgrade
Prologis Property Mexico rating change  »

Prologis Property Mexico…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FBASF

Fibra Uno Administracion

$0.00

(0.00%)

04:58
11/22/19
11/22
04:58
11/22/19
04:58
Upgrade
Fibra Uno Administracion rating change  »

Fibra Uno upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TUWOY

Tullow Oil

$0.00

(0.00%)

04:57
11/22/19
11/22
04:57
11/22/19
04:57
Downgrade
Tullow Oil rating change  »

Tullow Oil downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ACM

Aecom

$42.39

-0.215 (-0.50%)

04:55
11/22/19
11/22
04:55
11/22/19
04:55
Conference/Events
Aecom participates in a conference call with BofA/Merrill »

Aecom discusses…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Nov

  • 10

    Dec

SWKS

Skyworks

$96.45

0.43 (0.45%)

04:55
11/22/19
11/22
04:55
11/22/19
04:55
Conference/Events
Skyworks management to meet with Piper Jaffray »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Nov

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.