On Thursday, Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB), lost -1.39% to $7.12, after ratings agency Fitch Ratings cut Brazils credit rating to near junk.
Fitch lowered Brazils credit rating to BBB-minus from BBB on Thursday, and warned that the country is on the brink of losing its investment grade rating, according to a statement. A BBB-minus rating is the lowest investment grade.
Brazil faces its longest recession since the 1930s, worsened by political turmoil as lawmakers attempt to oust President Dilma Rousseff. Investors worry that the political clashes will interfere with Rousseffs ability to close the 2016 budget gap.
19.08 million shares of the company were exchanged.
The stock is down -42.84% in this year through last close, and the beta ratio has a value of 1.74. The stock, as of recent close, has shown weekly downbeat performance of -8.13% which was maintained at -5.39% in 1-month period.
Itaú Unibanco Holding S.A. provides various financial products and services to individuals and corporate clients in Brazil and internationally. The company operates through Commercial Bank Retail, Consumer Credit Retail, and Wholesale Bank segments.
Shares of Verizon Communications Inc. (NYSE:VZ), surged 1.50% to $44.65, during its last trading session.
This school year, Edmunds Middle School and Hunt Middle School in Burlington, Vermont have been selected to join the Verizon Innovative Learning Schools (VILS) program directed by the nonprofit Digital Promise, a program that is using mobile technology to extend learning beyond the walls of the classroom. All 405 students at Edmunds, and all 383 students at Hunt will receive their own personal tablet equipped with a 2-year Verizon Wireless 4G LTE data plan, enabling 24/7 Internet access for learning at school, at home, and wherever they want to take them.
This program will provide new learning opportunities for students, especially those who may not have high-speed Internet connections accessible to them at home.
Verizon is dedicated to using technology as a resource that enables students to achieve brighter futures. Mobile technology puts a powerful learning tool directly into students’ hands and gives them the freedom to solve problems and access information and learning tools from anywhere.
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
Finally, Shares of Olin Corporation (NYSE:OLN), ended its last trade with 2.51% gain, and closed at $18.40.
Olin Corporation (OLN) declared that on Tuesday, November 3, 2015 at 10:00 A.M. Eastern Time, Olins senior administration team will review the companys third quarter earnings results. Prepared remarks will be followed by a question and answer period.
A press release, counting financial statements and segment information, will be released after the market closes on Monday, November 2, 2015. The release will be accessible on several news services counting Bloomberg News, Reuters, Dow Jones News Service and on Olins website.
Olin Corporation manufactures and sells chlor alkali products in the United States and internationally. The company operates through three segments: Chlor Alkali Products, Chemical Distribution, and Winchester.
This article is published by www.stocksnewswire.com. The content included in this article is just for informational purposes only. Stocksnewswire.com takes sensible consideration to ensure that the data given in this article is up to date and accurate. The news, prices, opinions, research, analysis, and other information published in this article are obtained from sources believed to be reliable.
Neither Stocksnewswire.com nor any of Stocksnewswire.com partners make any representation or guarantee as to the fulfillment or precision of the information contained in this article.
Investors must consult their own additional due diligence with any potential investment or highlighted company before making any decision on behalf of information offered by Stocksnewswire.com.
Information contained in this article may contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long-term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.