On Friday, Shares of Banco Bradesco SA (ADR)(NYSE:BBD), added 1.28% and closed at $9.53 in the last trading session. The last trading range of the stock ranges between $9.34 and $9.57. The company’s Market capitalization is $52.87 Billion with the total Outstanding Shares of 2.76 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $3.65 and reached to max level of $9.57. Rail technology leader Bombardier Transportation declared recently that it has signed a new contract with the Southern California Regional Rail Authority (SCRRA) of Los Angeles, California to provide eight years of maintenance services for SCRRA`s Metrolink commuter rail fleet. The contract is valued at about $23 million US ($30 million CAD, 21 million euro) per year and is subject to adjustment based on any changes to the current service plan. The agreement includes a single four-year option.
While the new contract will take effect on January 1, 2017, Bombardier has been providing maintenance services for Metrolink under previous contracts since 1998. Among its responsibilities, Bombardier ensures the availability and reliability of Metrolink`s fleet of locomotives and passenger cars, counting BOMBARDIER BiLevel coaches. Bombardier`s maintenance on-time performance average over the past 12 months is 99.87 percent.
Metrolink is the third leading commuter rail agency in the United States based on directional route miles and the eighth leading based on annual ridership, serving Los Angeles, Orange, Riverside, San Bernardino and Venture Counties. Working together with Metrolink and its other partners, Bombardier contributes to the improved mobility, cleaner air, and improved quality of life that public transportation brings to this fast-growing, increasingly congested region.
Metlife Inc (NYSE:MET), jumped 0.13% and closed at $47.22 in the last trading session. The last trading range of the stock ranges between $46.42 and $47.35. The company’s Market capitalization is $51.97 Billion with the total Outstanding Shares of 1.10 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $35.00 and reached to max level of $52.45. A.M. Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the Metropolitan Life Insurance Company (MLIC) (New York, NY), General American Life Insurance Company (St. Louis, MO) and Metropolitan Tower Life Insurance Company (Wilmington, DE) (collectively called RemainCo). In Addition To, the Long-Term ICR of “a-” of MetLife, Inc. (MetLife) (headquartered in New York, NY) [NYSE: MET] and its existing Long-Term Issue Credit Ratings have been removed from under review and affirmed.
Conpresently, A.M. Best has removed from under review with developing implications and downgraded the FSR to A (Excellent) from A+ (Superior) and the Long-Term ICR to “a+” from “aa-” of MetLife Insurance Company USA (Wilmington, DE), New England Life Insurance Company (Boston, MA) and First MetLife Shareholders Insurance Company (New York, NY). These entities (collectively referred to as Brighthouse) will be held under Brighthouse Financial, Inc., a newly formed holding company.
On the other hand share Cemex SAB de CV (ADR)(NYSE:CX), lost -0.49% and closed at $8.13 in the last trading session. The last trading range of the stock ranges between $7.97 and $8.20. The company’s Market capitalization is $11.28 Billion with the total Outstanding Shares of 0.00 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $3.50and reached to max level of $9.09. CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) declared recently that its partner CEMEX Latam Holdings, S.A. (“CLH”) (CLH.V) has made senior level position organizational changes at CLH and CEMEX Colombia that will enhance the level of leadership, administration, and corporate governance practices.
The Board of Directors of CLH, taking into consideration a favorable report from its Nominating and Compensation Committee, resolved to split the roles of Chairman of the Board of Directors of CLH, Chief Executive Officer of CLH and Director of CEMEX Colombia. In Addition To, a new Chairman of the Board of Directors of CLH, Director of CEMEX Colombia, and Director of Planning of CLH were designated.
As a result, effective right away, the following organizational changes are taking place:
Juan Pablo San Agustin has been designated Chairman of the Board of Directors of CLH. He will also remain as Executive Vice President of Planned Planning and New Business Development of CEMEX. He is a member of CEMEX’s Executive Committee.
Jaime Muguiro Domínguez has been confirmed as Chief Executive Officer of CLH. He will also remain as President of CEMEX South, Central America and the Caribbean and is also a member of CEMEX’s Executive Committee.
Ricardo Naya Barba has been designated Director of CEMEX Colombia.
Francisco Aguilera Mendoza has been designated Director of Planning of CLH, and will be designated Director of Planning of CEMEX Colombia in the forthcoming days.