Basic Materials – Alcoa Inc (NYSE:AA), The Dow Chemical Company (NYSE:DOW), EXCO Resources (NYSE:XCO), Magnum Hunter Resources (NYSE:MHR)


On January 9, 2014, global aluminum producer Alcoa Inc (NYSE:AA) and one of its subsidiaries, Alcoa World Alumina LLC (the LLC) (collectively referred to herein as Alcoa) settled with the US Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) for violating the US Foreign Corrupt Practices Act (FCPA) by making more than $110 million in corrupt payments through a London-based consultant or his controlled companies to government officials in Bahrain over the course of 20 years. Alcoa agreed to settle the enforcement actions with the DoJ and SEC by paying $384 million in penalties, forfeitures, and disgorgement.  Alcoa Inc (NYSE:AA) price to sales ratio in past twelve months was calculated as 0.56 and price to cash ratio as 9.03.

Activist investor Daniel Loeb is pushing The Dow Chemical Company (NYSE:DOW) to split itself into two companies, a breakup that would go further than a restructuring now planned by the world’s second-largest chemicals maker. The Dow Chemical Company (NYSE:DOW) return on equity ratio is recorded as 15.00% and its return on assets is 3.90%.

EXCO Resources Inc (NYSE:XCO) Average Recommendation is Underweight with Average Target Price of $4.97. EXCO Resources Inc (NYSE:XCO)’s 52 week range is $4.60 – $9.00

Magnum Hunter Resources Corp(NYSE:MHR) announced today that the Company has promoted Chris Benton to Vice President of Finance and Capital Markets and Cham King to Assistant Vice President of Investor Relations effective January 7, 2014. Magnum Hunter Resources Corp(NYSE:MHR) total market capitalization of the stock is $1.47 billion.


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