Alpha Natural Resources, Inc (NYSE:ANR) down by 2.05%, KeyCorp (NYSE:KEY)

Posted by Ryan Mandell June 3, 2013 0 Comment 1351 views


Alpha Natural Resources, Inc (NYSE:ANR): Friday’s trading session saw Alpha Natural Resources, Inc (NYSE:ANR) dropping by 2.05%. It opened at a price of $6.75 which reached an intraday high of $6.80 before heading down to close at $6.68 per share. More than 12.88 million shares were traded in the last trading session. This was below the average volume of 13.30 million that was measured over a 30-day period.

ANR is a supplier as well as an exporter of metallurgical coals. These products are used in various applications in the steel-making industry. Alpha Natural Resources, Inc (NYSE:ANR) supplies thermal coal to numerous electric utilities and manufacturing industries and as well. Apart from this, the company is also engaged in the export of thermal coal. As of December 31, 2012, Alpha Natural Resources, Inc (NYSE:ANR) operated 26 coal-preparation plants and 107 mines situated in the Northern and Central regions of Appalachia. Some of the company’s plants are situated in the Powder River Basin. ANR operates in these segments: Eastern Coal Operations and the Western coals Operations.

KeyCorp (NYSE:KEY): Friday’s trading session saw KeyCorp (NYSE:KEY) dropping by 0.65%. It opened at a price of $10.83 which reached an intraday high of $10.89 before heading down to close at $10.78 per share. More than 12.47 million shares were traded in the last trading session. This was above the average volume of 8.78 million that was measured over a 30-day period.

KEY said it has signed a long-term payments-agreement with Telecommunication Systems, Inc. The latter will be providing payment-processing services for KeyCorp (NYSE:KEY)’s consumer, credit-card portfolio. The financial terms and the length of the agreement have not been disclosed. However, this is a takeoff on the decision that KEY had taken last year, to commence self issuing credit cards.

At that point of time, KeyCorp (NYSE:KEY) purchased a company-branded credit card portfolio worth $725 million, from Elan Financial Services. TSYS said that Key has opted for the TSYS TS2 platform. This platform will convert this portfolio and going forward, will issue new cards. Apart from this, Key has also contracted with TSYS to provide risk management and fraud prevention services to it bank clients.


About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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