Tag: commodities

CSX Receives Award of Excellence for “CSX Rail Respond” Emergency Response Tool

WASHINGTON, Sept. 14, 2016 (GLOBE NEWSWIRE) — The National Alliance for Public Safety GIS (NAPSG) Foundation has granted an Award of Excellence in Public Safety to CSX for its “CSX Rail Respond” mobile-computing application, which provides firefighters, police officers and other emergency responders with easy mobile access to critical information about the commodities traveling on CSX rails in near-real time. CSX Rail Respond supports safe and effective response to rail-related incidents by allowing emergency first responders to determine the exact contents of any rail car on a CSX train, along with emergency response information and recommendations for protective action distances.

Wall & Broadcast Reveals Another Side of Wall Street in New Podcast Series

NEW YORK & LONDON, Sept. 14, 2016 (GLOBE NEWSWIRE) — Bringing to life the untold stories of Wall Street, the new podcast Wall & Broadcast officially launches today on TabbFORUM, the global capital markets site created for peer-to-peer thought leadership on current industry issues. Co-hosted by TABB Group COO Alex Tabb and Forbes contributor and CEO of Vested Dan Simon, the podcast will release new episodes every two weeks with the goal of engaging its audience with compelling and unique anecdotes that shed light on this usually veiled world. “Much of the industry, TabbFORUM included, is very serious about the

FTI Consulting Expands Its Forensic Accounting & Advisory Services Practice with Five Key Hires

WASHINGTON, Sept. 13, 2016 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced the appointments of five professionals in the Company’s Forensic Accounting & Advisory Services (“FAAS”) practice within the Forensic & Litigation Consulting segment. The expansion of the practice includes the addition of Senior Managing Directors Stephanie Lhomme, Patrick Pericak and Nigel Webb, and Managing Directors Irumire David Okhumale and Jack Schwager. “Finance and accounting teams face a growing list of challenges and regulatory requirements, especially as they operate in multiple jurisdictions,” said Neal

Straits Financial Selects BitPay, WB21 to Bring Bitcoin Payments to Futures Trading

Chicago, IL, Sept. 12, 2016 (GLOBE NEWSWIRE) —                             CHICAGO, September 06, 2016 — Straits Financial LLC (“Straits”), announced today it will be the first U.S. based Futures Commission Merchant (“FCM”) to utilize the services of bitcoin payment processor BitPay Inc. (“BitPay”) and digital bank WB21 Ltd (“WB21”).  Straits’ initiatives with WB21 and Bitpay will allow its customers to convert bitcoin assets into one of several different currencies to fund their Straits investment and trading accounts.  Straits believes this is an important step in the further development of the use of digital assets in the derivative markets. The WB21 and

Rex Energy Provides Operational Update

STATE COLLEGE, Pa., Sept. 12, 2016 (GLOBE NEWSWIRE) — Rex Energy Corporation (Nasdaq:REXX) today provided an update on its Appalachian Basin operations. Operational Update Moraine East Area Joint Development Agreement The company’s joint development partner, Benefit Street Partners L.L.C. (“BSP”) has elected into the next four wells in the development program, the four-well Vaughn pad in the Warrior North Area. BSP’s election increases the total capital commitment to date by BSP from $98.1 million to $120.1 million. The company is currently drilling the second of four wells on the Vaughn pad and expects to place the four wells into sales

INTL FCStone Expands Capabilities with Acquisition of ICAP’s EMEA Oils Broking Business

NEW YORK, Sept. 08, 2016 (GLOBE NEWSWIRE) — INTL FCStone Inc. (NASDAQ:INTL), a diversified global financial services organization delivering execution and advisory services in commodities, currencies and securities, today announced that its subsidiary, INTL FCStone Ltd, has reached an agreement to acquire the London-based EMEA oils business of ICAP plc following of the approval granted by the UK Competition and Markets Authority. The business includes over 30 front office employees across the fuel, crude, middle distillates, futures and options desks with deep-rooted relationships with over 200 well known commercial and institutional customers throughout Europe, the Middle East and Africa. Philip

NioCorp Receives Jurisdictional Determination Approval from the US Army Corps of Engineers for the Elk Creek Project

CENTENNIAL, Colo., Sept. 08, 2016 (GLOBE NEWSWIRE) — NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) (FSE: BR3) is pleased to announce the successful completion of a Jurisdictional Determination (JD) process with the US Army Corps of Engineers (USACE) for the Company’s Elk Creek Superalloy Materials Project (“Project”).  The JD’s findings clears the path for the Project to proceed to the next phase of planning and permitting. The JD issued by the USACE identifies wetlands and streams within the Elk Creek Project’s footprint that are considered Waters of the U.S. (WOTUS) and are therefore regulated under the federal Clean

NioCorp Completes Five Pilot Plant Runs As Part Of Its Elk Creek Project Feasibility Study

CENTENNIAL, Colo., Sept. 07, 2016 (GLOBE NEWSWIRE) — NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) is pleased to announce the successful conclusion of five metallurgical pilot plant runs that have tested the Company’s Scandium, Niobium, and Titanium production operations under continuous conditions.  These pilot plants were constructed and operated at the SGS facility in Lakefield, Ontario. Two of the pilots involved separate one-week runs of a Scandium Solvent Extraction Circuit, a conventional technology that would be used in the Company’s flagship Elk Creek Project production process to separate and concentrate Scandium.  The first pilot was completed between

Lime Brokerage and Vela Trading Technologies Announce Product Integration

NEW YORK, Sept. 7, 2016 (GLOBE NEWSWIRE) — Lime Brokerage (Lime), a Wedbush Company, and Vela Trading Technologies (Vela), a global leader in high performance trading and market data technology, are pleased to announce the integration of Lime’s Strategy Studio, its software solution for streamlined strategy research and deployment, and Vela’s market leading low latency direct feed handlers. Both companies share a commitment to high performance trading technology, and the combined products enable clients to benefit from Strategy Studio’s rich strategy API and strategy management user interface, while accessing Vela’s broad and highly configurable set of over 250 global direct

Navios Maritime Holdings Inc. Regains Compliance with NYSE Continued Listing Requirements

MONACO, Sept. 01, 2016 (GLOBE NEWSWIRE) — Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE:NM) announced today that, based upon a notice received on September 1, 2016 from the New York Stock Exchange, Inc. (“NYSE”), the Company is once again in compliance with the NYSE’s continued listing requirement of a minimum average closing price of $1.00 per share over a consecutive 30 trading-day period. At the close of trading on August 31, 2016, the average closing price of the Company’s common stock for the previous 30 trading-days was above $1.00 per share and its closing share price on August 31,

Changes to Quest Tracker Index (QTI)

NEW YORK, Aug. 30, 2016 (GLOBE NEWSWIRE) — The Index Committee approved the following changes to the QTI’s composition and methodology. The changes are designed to improve benchmark tracking characteristics. The changes are expected to take effect on September 1st. The weights of the shortest term models, QTI1 and QTI2, decrease by 15% and the weight of the longest term model, QTI4, increases by 20%. Equity Indices and Foreign Exchange sector weightings increase by 10% and 5% respectively. The Agriculturals sector weighting decreases by 20%. Cocoa and Cotton market weights decrease by 70%. Gold and Silver market weights increase by

Double Crown Resources Announces Patent Issued Today for Advanced Intermodal Transport System

HENDERSON, NV, Aug. 30, 2016 (GLOBE NEWSWIRE) — Double Crown Resources, Inc. (DDCC), is pleased to announce that today The United States Patent and Trademark Office has issued patent number 9,428,330  for the interlocking, intermodal commodity transport system called Translock² (Translock Squared). Additionally, two follow-up patent applications have already been filed and another is now being prepared that all cover key design features of this unparalleled commodity transport and storage system which has major applications in multiple industries across the worldwide marketplace. Double Crown management is currently engaged in direct negotiations with some of the largest companies in the shipping and industrial container business sector regarding licensing contracts for

Panoro Minerals Announces Closing of $6.6 million Private Placement Financing

VANCOUVER, British Columbia, Aug. 29, 2016 (GLOBE NEWSWIRE) — Panoro Minerals Ltd. (TSX-V:PML) (Lima:PML) (Frankfurt:PZM) (“Panoro” or the “Company”) is pleased to announce the closing of the non-brokered private placement of 36,717,817 units at $0.18 per unit for gross proceeds of $6,609,207.  Each unit is comprised of one common share and one-half share purchase warrant.  Each whole share purchase warrant is exercisable at a price of $0.27 per common share for a period of 24 months from the closing date of the financing. The financing includes filling of the overallotment limit as per the terms announced on August 8, 2016.

WisdomTree Celebrates 1-Year Anniversary of AGGY: Looking Within the Agg Universe to Enhance Income

NEW YORK, Aug. 29, 2016 (GLOBE NEWSWIRE) — WisdomTree (NASDAQ:WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced the one-year anniversary of the WisdomTree Barclays U.S. Aggregate Bond Enhanced Yield ETF (AGGY).1 AGGY Outperformed Popular Active and Passive Strategies AGGY seeks to track the Barclays U.S. Aggregate Enhanced Yield Index2 which draws from the same universe of securities as the Barclays US Aggregate Index (Agg)3, but increases weights to higher yielding securities in an effort to boost income potential. This yield-enhanced methodology has not only outperformed the market cap-weighted Barclays Aggregate benchmark; its index performance

Ramboll Environ and CDP Announce Carbon Reduction Partnership

ARLINGTON, Va., Aug. 25, 2016 (GLOBE NEWSWIRE) — CDP and Ramboll Environ recently announced a new partnership as part of CDP’s global carbon reduction program. As the recent Paris Agreement has heightened awareness of the need to reduce carbon emissions, more organizations are accelerating their carbon reduction activities, while delivering return on investment and reducing risk. CDP accredited Ramboll Environ based on the ability to deliver technology and services that help reduce carbon emissions across sectors. As a partner, Ramboll Environ anticipates working closely with leading companies and investors to provide guidance and expertise on a wide range of carbon

WisdomTree Announces Changes to ETF Family

NEW YORK, Aug. 25, 2016 (GLOBE NEWSWIRE) — WisdomTree (NASDAQ:WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced it plans to close and liquidate six of its ETFs. After the close of business on September 22, 2016, the Fund will no longer accept creation orders.  The final day of trading on the Funds’ respective exchange will be Thursday, September 22, 2016.  Shareholders who do not sell their Fund shares by this date will have their shares automatically redeemed for cash at net asset value on September 29, 2016, the Funds’ last day of operations. 

Navios Maritime Holdings Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2016

$105.7 million Revenue for Q2 2016 $40.1 million net cash from operating activities for Q2 2016 $31.1 million EBITDA for Q2 2016 $2 million of cash as of June 30, 2016 Positioned to weather difficult market Solid operational performance – ~100% fleet utilization Low cost structure MONACO, Aug. 25, 2016 (GLOBE NEWSWIRE) — Navios Maritime Holdings Inc. (“Navios Holdings” or “the Company”) (NYSE:NM), a global, vertically integrated seaborne shipping and logistics company, today reported financial results for the second quarter and six months ended June 30, 2016. Angeliki Frangou, Chairman and Chief Executive Officer, stated, “Navios Holdings had a solid

Rand Logistics Previews Fiscal Year 2017 First Quarter Financial Results

Quarter Highlights: Operating income of $0.6 million, includes restructuring charges of $2.4 million and impairment charges on retired vessel of $1.9 million, versus $6.1 million last year EBITDA, excluding restructuring charge, equaled $11.2 million versus $12.0 million last year Marine freight and vessel margin per day increased 7.7% and 14.1%, respectively JERSEY CITY, N.J., Aug. 16, 2016 (GLOBE NEWSWIRE) — Rand Logistics, Inc. (NASDAQ:RLOG) (“Rand”), a leading provider of bulk freight shipping services throughout the Great Lakes Region, today announced a preview of its financial results for the fiscal year 2017 first quarter, ended June 30, 2016. Quarter Ended June

CSW Industrials Reports Fiscal First Quarter 2017 Results

Highlights First quarter 2017 revenue of $84.1 million, compared to $88.9 million in the prior year period. First quarter 2017 GAAP operating income of $7.4 million; Non-GAAP operating income of $12.4 million. First quarter 2017 GAAP net earnings of $4.1 million, or $0.26 per diluted share; Non-GAAP net earnings of $8.0 million, or $0.51 per diluted share. Announced plans to further rationalize manufacturing footprint in Coatings, Sealants and Adhesives segment that will drive annualized savings of $2.5 to $3.0 million. Received Coatings Supplier of the Year award from Trinity Industries. DALLAS, Aug. 15, 2016 (GLOBE NEWSWIRE) — CSW Industrials, Inc.

Double Crown Resources Announces Additional Patent Filings on Breakthroughs for Advanced Intermodal Transport System

HENDERSON, NV, Aug. 12, 2016 (GLOBE NEWSWIRE) — Double Crown Resources, Inc. (DDCC), is pleased to announce that new filings have been made for two additional patent applications relating to the interlocking, intermodal commodity transport system called Translock² (Translock Squared). The company is also pleased to announce that the earlier patent application for Translock² has been fully approved by The U.S. Patent and Trademark Office and will issue as U.S. Patent 9,428,330 on August 30, 2016. This current Translock² patent covers a bulk container system that includes an interlocking mechanism which very efficiently connects containers during loading and off-loading.  The two new patent applications significantly expand the intellectual property portfolio for Translock² and the innovative features that make this an unmatched system for commodity shipping across a wide