Rio Tinto plc (RIO)
Investment analysts at Investec upgraded RIOshares from a Hold to a Buy rating.
RIO recently delivered strong quarterly production numbers, highlighted by significant increases in both iron ore shipments and iron ore production. The company posted third quarter 2015 global iron ore production of 86.1 million tons, representing an increase of 12% year-over-year and 8% versus the previous quarter. According to RIO, the cash generated from operations during the period will enable the company to deliver strong returns to shareholders through the cycle.
RIO is a leading global mining group that focuses on finding, mining and processing the Earth's mineral resources.
More about Rio Tinto plc (RIO) atwww.riotinto.com
First Data Corporation (FDC)
EJF Capital LLC disclosed in a regulatory filing ( SC 13G ) with the Securities and Exchange Commission (SEC) a 5.1% stake (9,488,659 shares) in FDC.
FDC posted third quarter 2015 consolidated revenue of $2.9 billion, a 5% increase year over year, adjusted net income (excluding non-recurring items) of $191 million versus an adjusted net income of $186 million in the same quarter the prior year, and the company generated $234 million in cash flow from operations during the period, finishing the quarter with approximately $1.0 billion in unrestricted liquidity
FDCis a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in 118 countries around the worl
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