Western Digital Corp.(NASDAQ:WDC) shares fell 0.90%
to $41.49 in the early hour. The company has named its President Steve Milligan
as its new chief executive officer, succeeding John Coyne, who is retiring. The
appointment is effective Jan. 2. Mr. Milligan will retain the title of
president when he becomes CEO.
Following Mr. Coyne's retirement, Mr. Milligan
will be appointed to the Western Digital board of directors.
Richmont Mines Inc. (USA)(NYSEAMEX:RIC) stock gained
2.17% to $4.71 after the company is pleased to announce additional results from
its 2011 and 2012 deep drilling program on its Island Gold Mine property. Drill
results suggest that the C Zone is currently the most continuous of the four
zones (zones G, C, D and E1E) previously identified through the deep drilling
program, and that it appears to be a continuation at depth of the zone
currently being mined at Island Gold.
General Motors Company(NYSE:GM) stock declined 0.43%
to $23.27. The company has halted the sale of about 60,000 2013 models,
including its Chevrolet Cruze compact car and Equinox crossover, to repair a
software problem that affects the vehicles' OnStar communication system. The
cars are now on U.S. dealer lots and the repairs should be done by early next
week, said GM spokesman Alan Adler on Friday. The fix takes about 30 minutes.
Tata Motors Limited (ADR)(NYSE:TTM) shares dropped
1.16% to $22.18 in the early hour. The company launched a new pickup truck,
Xenon Pick-up, which India's largest auto maker by revenue expects will help
the company strengthen its share in the rapidly growing local market for light
cargo-carrying vehicles. The company expects
the model to increase its share in the pickup-truck market to 25%-30% from the
current 20%.
Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR)
stock decreased 1.36% to $21.83. The company is expected to face criminal and
civil actions after federal police alleged the company isn't properly treating
wastewater from refining and oil production before releasing it into local
waterways and the Atlantic Ocean. The investigation also raised questions about
how Petrobras treats and discards water produced along with oil at offshore
platforms.
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