America’s favorite Valentine’s Day candy is missing — here are some other options

This Valentine’s Day, consumers shouldn’t panic that the original conversation hearts candy isn’t on shelves. Other candy brands are stepping up to fill the void. Americans are expected to spend $1.8 billion on candy this Valentine’s Day, according to the National Retail Federation. Some of that money will no doubt be spent on other versions of conversation hearts, in addition to chocolates. Brach’s, which has sold conversation hearts since the 1960s, said in a statement that it has been the mar


This Valentine’s Day, consumers shouldn’t panic that the original conversation hearts candy isn’t on shelves. Other candy brands are stepping up to fill the void. Americans are expected to spend $1.8 billion on candy this Valentine’s Day, according to the National Retail Federation. Some of that money will no doubt be spent on other versions of conversation hearts, in addition to chocolates. Brach’s, which has sold conversation hearts since the 1960s, said in a statement that it has been the mar
America’s favorite Valentine’s Day candy is missing — here are some other options Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: amelia lucas, diana haronis, moment mobile, getty images
Keywords: news, cnbc, companies, americas, missing, sold, favorite, options, hearts, candy, conversation, sweethearts, day, brachs, spangler, valentines, brands, sour


America's favorite Valentine's Day candy is missing — here are some other options

This Valentine’s Day, consumers shouldn’t panic that the original conversation hearts candy isn’t on shelves. Other candy brands are stepping up to fill the void.

Sweethearts conversation hearts are unavailable for the first since since 1866 as the brand’s new owner, Spangler Candy, acquired it too late to produce the candy in time for the holiday. Spangler, best known for its Dum Dum lollipops, said in January that conversation hearts will return next year.

Americans are expected to spend $1.8 billion on candy this Valentine’s Day, according to the National Retail Federation. Some of that money will no doubt be spent on other versions of conversation hearts, in addition to chocolates.

Brach’s released three new lines of flavors for its conversation hearts this year. Brach’s, which has sold conversation hearts since the 1960s, said in a statement that it has been the market leader in conversation hearts for years. Candystore.com reported that Sweethearts’ version was the popular candy for the holiday last year.

“Brach’s size, texture, colors, sayings, flavors and quality provide the perfect sweet solution for those conversation heart lovers who are lamenting over reports that this Valentine’s favorite is not available this year,” Hans Becher, general manager of Brach’s and seasonal confections at parent company Ferrara Candy, said in a statement.

Spangler did not immediately respond to a request for comment.

For something a little more sour and less chalky, both Nestle’s SweeTarts and Mondelez’s Sour Patch Kids have their own take on conversation hearts. Besides the difference in flavor, the candies’ sayings aren’t as visible as those on Brach’s or Sweethearts’ versions.

New England Confectionery Co., also known as Necco, went out of business in July and sold Sweethearts and its other candy brands at auction. Round Hill Investments, which brought Hostess brands back from the brink, acquired Necco’s brands but sold Sweethearts and the Necco wafer brand several months later.

But fans of Sweethearts might be glad that the candy isn’t available this year. Bloomberg reported in October that exterminator visits to the factory had grown sporadic — and rat sightings became much more common.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: amelia lucas, diana haronis, moment mobile, getty images
Keywords: news, cnbc, companies, americas, missing, sold, favorite, options, hearts, candy, conversation, sweethearts, day, brachs, spangler, valentines, brands, sour


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Stocks making the biggest moves after hours: Nvidia, Truecar, CBS and more

Check out the companies making headlines after the bell:NVIDIA shares jumped more than 9 percent after hours Thursday based on the chip company’s better-than-expected fourth-quarter earnings. Shares of CBS ticked more than 2 percent lower in extended trading Thursday following the release of their fourth-quarter earnings. The television broadcaster posted $4.02 billion in revenue, missing estimates of $4.13 billion. Berkshire Hathaway also announced it is eliminating its 41.4 million share stake


Check out the companies making headlines after the bell:NVIDIA shares jumped more than 9 percent after hours Thursday based on the chip company’s better-than-expected fourth-quarter earnings. Shares of CBS ticked more than 2 percent lower in extended trading Thursday following the release of their fourth-quarter earnings. The television broadcaster posted $4.02 billion in revenue, missing estimates of $4.13 billion. Berkshire Hathaway also announced it is eliminating its 41.4 million share stake
Stocks making the biggest moves after hours: Nvidia, Truecar, CBS and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: maggie fitzgerald, angela weiss, afp, getty images
Keywords: news, cnbc, companies, truecar, shares, moves, share, nvidia, missing, hours, cbs, fourthquarter, making, earnings, cents, million, billion, revenue, stocks, biggest, company


Stocks making the biggest moves after hours: Nvidia, Truecar, CBS and more

Check out the companies making headlines after the bell:

NVIDIA shares jumped more than 9 percent after hours Thursday based on the chip company’s better-than-expected fourth-quarter earnings. The company posted earnings of 80 cents per share on revenue of $2.21 billion. Wall Street estimated earnings of 75 cents on revenue of $2.2 billion. The company issued weak first-quarter guidance with revenue at $2.20 billion, compared to the estimated $2.28 billion.

TrueCar shares tanked as much as 22 percent in the extended session Thursday after missing on the top and bottom line of their fourth-quarter earnings report. Revenue was $91.1 million, vs. the estimated $95.7 million. Earnings per share were 3 cents, missing estimates of 5 cents. The automotive pricing and information company also issued weak first-quarter and full-year guidance. The stock has recovered some of its losses.

Shares of CBS ticked more than 2 percent lower in extended trading Thursday following the release of their fourth-quarter earnings. Adjusted earnings per share were $1.50, while analysts forecast $1.52. The television broadcaster posted $4.02 billion in revenue, missing estimates of $4.13 billion.

Direct-to-consumer subscribers for CBS All Access and Showtime reached 8 million, two year’s ahead of the company’s original schedule, CEO Joe Ianiello said. “As a result, we have set a new target of 25 million domestic subs combined from both of these direct-to-consumer services by 2022,” he added. The original goal was 16 million by 2022.

Shares of Suncor Energy ticked 4 percent higher in extended trading based on news that Berkshire Hathaway acquired 10.8 million shares in the Canadian energy company. The stock was later trading mostly flat.

Berkshire Hathaway also announced it is eliminating its 41.4 million share stake in Oracle. The stock dropped about 2 percent based on the news. Berkshire announced it is decreasing its stake in Apple and increasing stakes in JPMorgan and General Motors.

Shares of Applied Materials dipped as much as 2 percent after market close despite reporting better-than-expected first-quarter earnings. The manufacturing company beat on the top and bottom lines. Earnings per share were 81 cents, 2 cents higher than analysts predicted. Revenue was $3.75 billion, topping estimates of $3.71 billion.

Chemours shares dropped nearly 4 percent after the bell Thursday following the release of their mixed fourth-quarter earnings. The chemicals company earned $1.46 billion in revenue, missing estimates of $1.51 billion. Earnings per share were $1.05 cents, beating expectations by 6 cents.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: maggie fitzgerald, angela weiss, afp, getty images
Keywords: news, cnbc, companies, truecar, shares, moves, share, nvidia, missing, hours, cbs, fourthquarter, making, earnings, cents, million, billion, revenue, stocks, biggest, company


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ABN Amro fourth-quarter net profit drops 42 percent, missing estimates

Dutch bank ABN Amro on Wednesday missed analysts’ expectations with a 42 percent fall in fourth-quarter net profit as loan impairments increased. Net profit was 316 million euros ($358.2 million), compared with 542 million euros profit a year earlier, and an average expectations of 446 million euros in a Reuters poll of analysts. ABN Amro last year said it would limit trade and commodity finance operations in the offshore energy, diamond and shipping sectors, to improve profitability. Net profit


Dutch bank ABN Amro on Wednesday missed analysts’ expectations with a 42 percent fall in fourth-quarter net profit as loan impairments increased. Net profit was 316 million euros ($358.2 million), compared with 542 million euros profit a year earlier, and an average expectations of 446 million euros in a Reuters poll of analysts. ABN Amro last year said it would limit trade and commodity finance operations in the offshore energy, diamond and shipping sectors, to improve profitability. Net profit
ABN Amro fourth-quarter net profit drops 42 percent, missing estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: reuters with cnbccom, jasper juinen, bloomberg, getty images
Keywords: news, cnbc, companies, fourthquarter, amro, abn, drops, missing, 42, euros, million, shipping, dutch, sectors, estimates, q4, net, oil, bank, profit


ABN Amro fourth-quarter net profit drops 42 percent, missing estimates

Dutch bank ABN Amro on Wednesday missed analysts’ expectations with a 42 percent fall in fourth-quarter net profit as loan impairments increased.

Net profit was 316 million euros ($358.2 million), compared with 542 million euros profit a year earlier, and an average expectations of 446 million euros in a Reuters poll of analysts.

Clifford Abrahams, chief financial officer of ABN Amro told CNBC Wednesday: “Q4 was operationally solid and steady…But we had a couple of specific items in Q4, we had some expenses and elevated impairments.”

“But for the year as a whole, the bank is in good shape and you see we posted an ROE (return on equity) of 11 percent and we are confirming our guidance for 2019,” he added.

Loan impairments soarded to 208 million euros from 34 million a year earlier, as shipping, oil services, jewellery and some other sectors continued to struggle despite a strong recovery in the Dutch economy and rising oil prices.

ABN Amro last year said it would limit trade and commodity finance operations in the offshore energy, diamond and shipping sectors, to improve profitability.

Net profit was also dented by 85 million euros in extra costs for the scrutiny of clients, as the bank stepped up its fight against money laundering and other criminal activities.

This followed a record $900 million fine paid by fellow Dutch bank ING Groep NV in September for failing to spot criminal activities financed through its accounts for years.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: reuters with cnbccom, jasper juinen, bloomberg, getty images
Keywords: news, cnbc, companies, fourthquarter, amro, abn, drops, missing, 42, euros, million, shipping, dutch, sectors, estimates, q4, net, oil, bank, profit


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Richard Burr blasts ex-Trump lawyer Michael Cohen for missing hearing

Senate Intel Chair Richard Burr: ‘Any good will’ with Michael Cohen ‘is now gone’ 2 Hours Ago | 01:35The Republican chairman and ranking Democrat of the Senate Select Committee on Intelligence on Tuesday blasted President Donald Trump’s former lawyer Michael Cohen for missing a planned appearance before that committee due to purported medical issues, less than a month before he is due to begin serving a three-year prison sentence. Committee Chairman Sen. Richard Burr, R-N.C., said any “good will


Senate Intel Chair Richard Burr: ‘Any good will’ with Michael Cohen ‘is now gone’ 2 Hours Ago | 01:35The Republican chairman and ranking Democrat of the Senate Select Committee on Intelligence on Tuesday blasted President Donald Trump’s former lawyer Michael Cohen for missing a planned appearance before that committee due to purported medical issues, less than a month before he is due to begin serving a three-year prison sentence. Committee Chairman Sen. Richard Burr, R-N.C., said any “good will
Richard Burr blasts ex-Trump lawyer Michael Cohen for missing hearing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: dan mangan, kevin breuninger, andrew kelly
Keywords: news, cnbc, companies, burr, good, threeyear, richard, serving, michael, extrump, hearing, committee, cohen, lawyer, testimony, gone, senate, missing, blasts


Richard Burr blasts ex-Trump lawyer Michael Cohen for missing hearing

Senate Intel Chair Richard Burr: ‘Any good will’ with Michael Cohen ‘is now gone’ 2 Hours Ago | 01:35

The Republican chairman and ranking Democrat of the Senate Select Committee on Intelligence on Tuesday blasted President Donald Trump’s former lawyer Michael Cohen for missing a planned appearance before that committee due to purported medical issues, less than a month before he is due to begin serving a three-year prison sentence.

Committee Chairman Sen. Richard Burr, R-N.C., said any “good will” that committee had toward Cohen is gone after reports that Cohen has been out in New York at night socializing despite claiming he needed to postpone Tuesday’s scheduled hearing because he is still recovering from shoulder surgery.

The Intelligence Committee, which last month issued a subpoena to Cohen compelling his testimony Tuesday in a closed session, had granted that requested delay, Cohen’s lawyer Lanny Davis had said Monday.

Davis said the committee would announce a “future date” for testimony from Cohen, who pleaded guilty last year to lying to Congress, financial crimes, and campaign finance violations related to hush-money payments to two women who claim to have had affairs with Trump. The president denies having sex with either woman.

“According to the press we still have Michael Cohen to interview one more time, but I can assure you that any good will that might have existed in the committee with Michael Cohen is now gone,” Burr fumed to reporters Tuesday.

Asked if there was a chance the committee will not get to interview Cohen before he begins serving a three-year prison term on March 6, Burr said, “I don’t know, you’d have to ask him about it.”


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: dan mangan, kevin breuninger, andrew kelly
Keywords: news, cnbc, companies, burr, good, threeyear, richard, serving, michael, extrump, hearing, committee, cohen, lawyer, testimony, gone, senate, missing, blasts


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Activision Blizzard’s forward numbers are now derisked: Analyst

Activision Blizzard’s forward numbers are now derisked: Analyst12 Hours AgoMatthew Thornton of SunTrust Robinson Humphrey explains why he recommends buying Activision Blizzard’s stocks despite the company missing earnings estimates for the fourth quarter of 2018.


Activision Blizzard’s forward numbers are now derisked: Analyst12 Hours AgoMatthew Thornton of SunTrust Robinson Humphrey explains why he recommends buying Activision Blizzard’s stocks despite the company missing earnings estimates for the fourth quarter of 2018.
Activision Blizzard’s forward numbers are now derisked: Analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12
Keywords: news, cnbc, companies, derisked, activision, stocks, robinson, suntrust, recommends, forward, blizzards, quarter, thornton, analyst, numbers, missing


Activision Blizzard's forward numbers are now derisked: Analyst

Activision Blizzard’s forward numbers are now derisked: Analyst

12 Hours Ago

Matthew Thornton of SunTrust Robinson Humphrey explains why he recommends buying Activision Blizzard’s stocks despite the company missing earnings estimates for the fourth quarter of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-02-12
Keywords: news, cnbc, companies, derisked, activision, stocks, robinson, suntrust, recommends, forward, blizzards, quarter, thornton, analyst, numbers, missing


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Body found in wreckage of plane carrying soccer player Sala, investigators say

Air accident investigators said on Monday they had found the wreckage of the missing aircraft carrying Premier League soccer player Emiliano Sala on the seabed near Guernsey and that a body was visible inside. “Tragically, in video footage from the ROV, one occupant is visible amidst the wreckage. The AAIB is now considering the next steps, in consultation with the families of the pilot and passenger, and the police.” The AAIB said it had now concluded it was the missing Piper Malibu aircraft, i


Air accident investigators said on Monday they had found the wreckage of the missing aircraft carrying Premier League soccer player Emiliano Sala on the seabed near Guernsey and that a body was visible inside. “Tragically, in video footage from the ROV, one occupant is visible amidst the wreckage. The AAIB is now considering the next steps, in consultation with the families of the pilot and passenger, and the police.” The AAIB said it had now concluded it was the missing Piper Malibu aircraft, i
Body found in wreckage of plane carrying soccer player Sala, investigators say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: cardiff city fc, getty images
Keywords: news, cnbc, companies, plane, wreckage, say, carrying, aaib, visible, investigators, missing, registration, aircraft, body, underwater, pilot, player, sala, soccer, piper


Body found in wreckage of plane carrying soccer player Sala, investigators say

Air accident investigators said on Monday they had found the wreckage of the missing aircraft carrying Premier League soccer player Emiliano Sala on the seabed near Guernsey and that a body was visible inside.

The 28-year-old Argentina-born forward had been en route from Nantes in western France with pilot David Ibbotson to make his debut for Welsh team Cardiff City when the plane is believed to have crashed into the sea on Jan. 21

“The object is wreckage from the missing Piper Malibu aircraft,” Britain’s Air Accidents Investigation Branch said in a statement.

“Tragically, in video footage from the ROV, one occupant is visible amidst the wreckage. The AAIB is now considering the next steps, in consultation with the families of the pilot and passenger, and the police.”

The wreckage was found on Sunday following a privately-funded underwater search which began after two seat cushions were discovered on the French coast that likely belonged to the aircraft.

The AAIB said it had now concluded it was the missing Piper Malibu aircraft, issuing an underwater image of the crashed plane with part of its registration number — N264DB — clearly visible.

“The image shows the rear left side of the fuselage including part of the aircraft registration,” the AAIB said. “We intend to publish an interim report within one month of the accident occurring.”


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: cardiff city fc, getty images
Keywords: news, cnbc, companies, plane, wreckage, say, carrying, aaib, visible, investigators, missing, registration, aircraft, body, underwater, pilot, player, sala, soccer, piper


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Japan’s Honda Motor third quarter profit plummets 40.2 percent, missing estimates

Honda Motor on Friday reported a 40.2 percent drop in third-quarter operating profit despite posting higher vehicle sales during the period, missing market expectations. Japan’s third-biggest automaker posted profit of 170.1 billion yen ($1.56 billion) for October-December, from 284.5 billion yen in the same period a year earlier. The result compared with the 208.8 billion yen median of 10 analyst estimates compiled by Refinitiv. Honda kept its full-year profit forecast at 790 billion yen, altho


Honda Motor on Friday reported a 40.2 percent drop in third-quarter operating profit despite posting higher vehicle sales during the period, missing market expectations. Japan’s third-biggest automaker posted profit of 170.1 billion yen ($1.56 billion) for October-December, from 284.5 billion yen in the same period a year earlier. The result compared with the 208.8 billion yen median of 10 analyst estimates compiled by Refinitiv. Honda kept its full-year profit forecast at 790 billion yen, altho
Japan’s Honda Motor third quarter profit plummets 40.2 percent, missing estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-01
Keywords: news, cnbc, companies, trade, estimates, yen, vehicle, missing, quarter, japans, forecast, sales, billion, thirdbiggest, honda, period, profit, thirdquarter, plummets, 402, motor


Japan's Honda Motor third quarter profit plummets 40.2 percent, missing estimates

Honda Motor on Friday reported a 40.2 percent drop in third-quarter operating profit despite posting higher vehicle sales during the period, missing market expectations.

Japan’s third-biggest automaker posted profit of 170.1 billion yen ($1.56 billion) for October-December, from 284.5 billion yen in the same period a year earlier.

The result compared with the 208.8 billion yen median of 10 analyst estimates compiled by Refinitiv.

Honda kept its full-year profit forecast at 790 billion yen, although it now assumes that the domestic currency will trade around 111 yen to the U.S. dollar through March 31, from a previous forecast for 110 yen.


Company: cnbc, Activity: cnbc, Date: 2019-02-01
Keywords: news, cnbc, companies, trade, estimates, yen, vehicle, missing, quarter, japans, forecast, sales, billion, thirdbiggest, honda, period, profit, thirdquarter, plummets, 402, motor


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Hundreds missing after Vale dam burst at Brazil mine

Brazilian rescuers were searching for some 200 missing people after a tailings dam burst on Friday at an iron ore mine owned by Vale SA, the second major dam disaster involving the company in just over three years. Initially, only seven bodies had been recovered by nightfall, said Avimar de Melo Barcelos, the mayor of the town of Brumadinho where the dam burst in the mining-heavy state of Minas Gerais. Vale Chief Executive Fabio Schvartsman said only one-third of the roughly 300 workers at the s


Brazilian rescuers were searching for some 200 missing people after a tailings dam burst on Friday at an iron ore mine owned by Vale SA, the second major dam disaster involving the company in just over three years. Initially, only seven bodies had been recovered by nightfall, said Avimar de Melo Barcelos, the mayor of the town of Brumadinho where the dam burst in the mining-heavy state of Minas Gerais. Vale Chief Executive Fabio Schvartsman said only one-third of the roughly 300 workers at the s
Hundreds missing after Vale dam burst at Brazil mine Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: reuters, with the associated press, picture alliance, getty images
Keywords: news, cnbc, companies, dam, mud, released, river, vale, brazil, meters, hundreds, gerais, company, missing, disaster, waste, burst


Hundreds missing after Vale dam burst at Brazil mine

Brazilian rescuers were searching for some 200 missing people after a tailings dam burst on Friday at an iron ore mine owned by Vale SA, the second major dam disaster involving the company in just over three years.

Initially, only seven bodies had been recovered by nightfall, said Avimar de Melo Barcelos, the mayor of the town of Brumadinho where the dam burst in the mining-heavy state of Minas Gerais. Yet authorities said the death toll had risen to 34 on Saturday, and searchers expect to find even more bodies.

Officials from the Minas Gerais fire department released the latest number after hours of searching by rescuers digging through feet (meters) of mud in intermittent rains.

In addition to the dead, 23 people have been hospitalized.

Employees of the Brazilian mining company were eating lunch Friday afternoon when the dam collapsed, unleashing a sea of reddish-brown mud that knocked over and buried several structures of the company and surrounding areas.

Vale Chief Executive Fabio Schvartsman said only one-third of the roughly 300 workers at the site had been accounted for. He said a torrent of sludge tore through the mine’s offices, including a cafeteria during lunchtime.

Minas Gerais is still recovering from the collapse in November 2015 of a larger dam that killed 19 people in Brazil’s worst environmental disaster. That dam, owned by the Samarco Mineracao SA joint venture between Vale and BHP Billiton, buried a village and poured toxic waste into a major river.

Schvartsman said the dam that burst on Friday at the Feijao iron mine was being decommissioned and had a capacity of 12 million cubic meters – a fraction of the roughly 60 million cubic meters of toxic waste released by the Samarco dam break.

“The environmental impact should be much less, but the human tragedy is horrible,” he told journalists at Vale’s offices in Rio de Janeiro. He said equipment had shown the dam was stable on Jan. 10 and it was too soon to say why it collapsed.

Television footage showed a vast swathe of thick red mud scarring the verdant hills below the mine, cutting through farms and residential areas and leveling everything in its wake.

Fire brigade spokesman Lieutenant Pedro Aihara said the torrent of mud stopped just short of the local Paraopeba river, a tributary of Brazil’s longest river, the Sao Francisco.

“Our main worry now is to quickly find out where the missing people are,” Aihara said on GloboNews cable television channel. Scores of people were trapped in nearby areas flooded by the river of sludge released by the dam failure.

Helicopters plucked people covered in mud from the disaster area, including a woman with a fractured hip who was among eight injured people taken to hospital, officials said.

The Inhotim Institute, a world-famous outdoor contemporary art museum a few miles from downtown Brumadinho, evacuated visitors and closed its doors out of precaution.


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: reuters, with the associated press, picture alliance, getty images
Keywords: news, cnbc, companies, dam, mud, released, river, vale, brazil, meters, hundreds, gerais, company, missing, disaster, waste, burst


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200 people missing after Brazil dam owned by mining giant Vale bursts

Shares of mining giant Vale plunged after the company reported a dam breach at an iron ore mine in southeastern Brazil that sent mud flowing into a neighboring community. The stock came under renewed pressure after the local fire brigade said it was still searching for 200 people. Vale CEO Fabio Schvartsman later said most of the missing are Vale employees. According to Vale, byproducts from the mining process have reached the company’s administrative area and part of the community of Vila Ferte


Shares of mining giant Vale plunged after the company reported a dam breach at an iron ore mine in southeastern Brazil that sent mud flowing into a neighboring community. The stock came under renewed pressure after the local fire brigade said it was still searching for 200 people. Vale CEO Fabio Schvartsman later said most of the missing are Vale employees. According to Vale, byproducts from the mining process have reached the company’s administrative area and part of the community of Vila Ferte
200 people missing after Brazil dam owned by mining giant Vale bursts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: tom dichristopher, patricia monteiro, bloomberg, getty images
Keywords: news, cnbc, companies, owned, area, vale, giant, dam, brazils, tailings, stock, session, brazil, site, 200, missing, company, mining, bursts


200 people missing after Brazil dam owned by mining giant Vale bursts

Shares of mining giant Vale plunged after the company reported a dam breach at an iron ore mine in southeastern Brazil that sent mud flowing into a neighboring community.

The stock came under renewed pressure after the local fire brigade said it was still searching for 200 people. The brigade said scores of people are trapped in the area due to sludge flows, Reuters reported.

Vale CEO Fabio Schvartsman later said most of the missing are Vale employees. Schvartsman said bout 300 people were working at the site when the dam burst, and about 100 of those workers have been located, Dow Jones reported.

The number of people still unaccounted for raises the prospect of casualties in the region, which was devastated by a fatal 2015 dam break at a mine owned by Vale and BHP Billiton.

AFP reported there are “several” deaths in an area outside of the city of Belo Horizonte, citing a local fire service official. CNBC could not immediately confirm the report of fatalities. A statement by Vale — which has not been updated since the company issued it several hours ago — said there is no confirmation of any injuries.

The stock price for the ADR traded in the U.S. ended Friday’s trading session down 8 percent at $13.66 a share. It fell as low as $12.85 earlier in the session, still firmly above its 52-week low at $11.93.

The incident occurred at Vale’s Feijao mine in Brumadinho in Minas Gerais, the state that neighbors Rio de Janeiro. According to Vale, byproducts from the mining process have reached the company’s administrative area and part of the community of Vila Ferteco.

“Vale’s overall priority at this time is to preserve and protect the lives of employees and members of the community,” the company said in a statement.

Byproducts from mining, known as tailings, are often kept in ponds near mines specifically made to contain the rock particles, chemicals and water.

Photos and videos on Brazil’s G1.com news site show torrents of mud flowing near the site and damage to buildings. Brazil’s Civil Defense said residents in the lower district of Brumadinho are being evacuated, according to the news portal.

Friday’s dam breach comes three years after a larger dam owned by Vale and BHP Billiton ruptured in Minas Gerais, spilling the contents of a tailings pond. The incident killed 19 people and created what is widely considered Brazil’s worst environmental disaster.


Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: tom dichristopher, patricia monteiro, bloomberg, getty images
Keywords: news, cnbc, companies, owned, area, vale, giant, dam, brazils, tailings, stock, session, brazil, site, 200, missing, company, mining, bursts


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Federal workers job hunting has increased 10% since Jan. 11

As the U.S. government shutdown enters its 35th day and federal workers grow increasingly frustrated, many may be contemplating a switch to the private sector. Since Jan. 11, when government workers missed their first paycheck, the number of federal employees actively searching for jobs rose 10 percent, data from job site Glassdoor shows. That increase equates to about 400 additional workers leaving federal employment every month. For the 800,000 federal workers who are either furloughed or work


As the U.S. government shutdown enters its 35th day and federal workers grow increasingly frustrated, many may be contemplating a switch to the private sector. Since Jan. 11, when government workers missed their first paycheck, the number of federal employees actively searching for jobs rose 10 percent, data from job site Glassdoor shows. That increase equates to about 400 additional workers leaving federal employment every month. For the 800,000 federal workers who are either furloughed or work
Federal workers job hunting has increased 10% since Jan. 11 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: kerri anne renzulli, scott olson, getty images
Keywords: news, cnbc, companies, jan, job, glassdoor, hunting, 11, jobs, shutdown, missing, federal, number, increased, paycheck, workers, talent


Federal workers job hunting has increased 10% since Jan. 11

As the U.S. government shutdown enters its 35th day and federal workers grow increasingly frustrated, many may be contemplating a switch to the private sector.

Since Jan. 11, when government workers missed their first paycheck, the number of federal employees actively searching for jobs rose 10 percent, data from job site Glassdoor shows. That increase equates to about 400 additional workers leaving federal employment every month.

For the 800,000 federal workers who are either furloughed or working without pay, missing multiple paychecks means financial hardship.

Many workers were already living paycheck to paycheck before the shutdown and are now scrambling to make up the missing income by dipping into savings, swiping credit cards, crowdfunding, and in some cases, visiting food banks. Some have tried to replace their salaries with freelance work, selling furniture and other household items online, taking on side gigs, and, as the Glassdoor data indicates, by finding a new employer.

The shutdown isn’t just driving current employees away, though. It is also deterring other job seekers from applying to open positions within federal agencies. The number of applications Glassdoor received for federal government roles fell 46 percent compared to this time last year.

It’s a trend the company expects to continue to worsen. Part of that drop off in interested applicants likely stems from the fact that candidates know they won’t be hired as long as the shutdown continues, but Glassdoor also thinks workers are wary of facing a similar predicament in the future.

“Not only has the shutdown put a temporary pause on hiring, but it also hurts the federal government’s reputation as an employer and its ability to attract top talent,” writes Daniel Zhao, part of Glassdoor’s economic research team, on the company’s blog. “Although current workers may ride out the storm in order to keep their benefits, the highly-publicized shutdown isn’t a good recruiting moment for prospective workers and may discourage aspiring candidates from applying to government jobs in the first place.”

That could be a big problem for the government down the line, as it typically needs to hire around 30,000 workers a month, according to the Bureau of Labor Statistics, and is already having to compete fiercely for talent in this era of record-low unemployment.

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Don’t miss: The government shutdown spotlights a bigger issue: 78% of US workers live paycheck to paycheck


Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: kerri anne renzulli, scott olson, getty images
Keywords: news, cnbc, companies, jan, job, glassdoor, hunting, 11, jobs, shutdown, missing, federal, number, increased, paycheck, workers, talent


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