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Delta Air Lines Climbs after Fitch Ratings Upgrade; Vale Sees Increased Iron-ore Output

Monday, 27 October 2014 12:00 AM

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ACCESSWIRE / October 27, 2014 / Firth Ratings helps push Delta Air Lines, Inc. (NYSE: DAL) shares 4.01% higher at Friday's close.

For an in-depth report on Delta Air Lines, Inc. follow: www.pennystocktitans.com/stockquote/DAL 

Fitch Ratings has upgraded Delta Air Lines' credit rating by one level to BB. This is two notches below investment grade, from BB-, with a positive outlook. Fitch commented, "The upgrade reflects significant improvements to Delta's balance sheet, continued solid operating performance, better than expected free cash flow (FCF), and successful efforts to combat operating cost inflation."

$800 million decline in Q3 result in First Niagara Financial Group Inc. (NASDAQ: FNFG) shares declining 13.51% this past Friday to a new 52-week low of $7.23.

For an in-depth report on First Niagara Financial Group Inc. follow: www.pennystocktitans.com/stockquote/FNFG

First Niagara Financial Group saw an $800 million charge that caused a quarterly loss. The company said it was dealing with a "process issue" with its deposit accounts. The bank posted a loss after preferred dividends of $665 million, or $1.90 per share, for its third quarter. A year ago it posted a profit of $79.1 million, or 20 cents per share.

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Increased iron-ore output push Vale S.A. (NYSE: VALE) shares higher this past Friday.

For an in-depth report on Vale S.A follow: www.pennystocktitans.com/stockquote/VALE

Vale S.A. shares closed up 3.05% on nearly 36 million shares traded this past Friday. The world’s largest iron-ore producer, said that iron-ore output excluding production from its share in the Samarco Mineracao SA venture climbed 3.1 percent to 85.7 million metric tons from 83.1 million tons a year ago. This beat the 83.3 million-ton average of seven analysts' estimates compiled by Bloomberg. Vale's copper and nickel output also exceeded forecasts.

Potential Funding from China Export Bank helped BlueFire Renewables, Inc. (OTC: BFRE) shares explode on Friday, closing up 78.57%.

For an in-depth report on BlueFire Renewables, Inc. follow: www.pennystocktitans.com/stockquote/BFRE

On October 23, BlueFire Renewables announced that it may receive as much as $270 million from China's Export Import Bank to finish building a cellulosic-ethanol plant in Mississippi. Chief executive officer Arnold Klann said the debt financing is expected to close in the first half of next year. After that, construction on the facility would resume as could the rest of funding from the Department of Energy.

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SOURCE: Stock Publisher 

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