Editor’s Note: Related Tickers: Wal-Mart Stores, Inc. (NYSE:WMT), Peabody Energy Corporation (NYSE:BTU), United States Natural Gas Fund, LP (NYSEARCA:UNG), Amarin Corporation plc (ADR) (NASDAQ:AMRN), Cypress Semiconductor Corporation (NASDAQ:CY), Travelzoo Inc. (NASDAQ:TZOO), Verizon Communications Inc. (NYSE:VZ)
Walmart goes “All In” on energy efficiency and renewables (al.com)
If Walmart was playing a game of poker with its energy portfolio, it just went “all in” and placed its bet on renewables and energy efficiency. This week, just in time for Earth Day, the retail giant’s President and CEO Mike Duke announced the company is taking its next step on the path to achieving Wal-Mart Stores, Inc. (NYSE:WMT)’s goal of being supplied 100 percent by renewable energy. The plan to accomplish this task in 7 short years was unveiled at Walmart’s Global Sustainability Milestone Meeting. To meet the goal by 2020, two commitments were made at the conference.
Peabody Energy objects to bankruptcy probe by Patriot Coal (STLtoday.com)
Patriot Coal’s disputes with its former parent and creditors is intensifying as Peabody Energy Corporation (NYSE:BTU) contests a probe over Patriot’s 2007 spinoff and creditors differ over whether the company is more likely to liquidate with a trustee. Peabody is objecting to Patriot’s proposal to investigate possible claims, saying the coal producer already plans to pursue a lawsuit and has set aside $2 million to fund it. In a filing Tuesday in U.S. Bankruptcy Court in St. Louis, where both companies are based, Peabody said that it is already cooperating with information requests and restoring old e-mails and records at its own cost.
Why It Suddenly Pays to Own the Natural Gas ETF (Barron’s)
For years, fund experts warned buy-and-hold investors against owning the United States Natural Gas Fund, LP (NYSEARCA:UNG), whose returns are tied to the futures market — not to spot gas prices. But for a few months now, this exchange-traded fund has been working for people other than the fast traders who are its primary clientele. The fund is ahead by about 21% on the year — that’s only a few percentage points behind spot gas’ 25% rise. What changed? The futures market that drives this fund has, for the moment, gotten more benign for investors with a longer view. The change is that the phenomenon of “contango,” meaning the upward-sloping curve of gas futures contracts that usually acts as a headwind against commodity-futures ETFs over longer periods, has flattened out. This flattening means it costs less to shift from one set of futures to the next.
Amarin Announces Approval of Supplemental New Drug Application for Chemport as Additional Vascepa(R) Active Pharmaceutical Ingredient Supplier (GlobeNewswire)
Amarin Corporation plc (ADR) (NASDAQ:AMRN), a biopharmaceutical company focused on the commercialization and development of therapeutics to improve cardiovascular health, announced today the approval of the Supplemental New Drug Application (sNDA) to the U.S. Food and Drug Administration (FDA) to add Chemport, Inc. as an additional Vascepa® (icosapent ethyl) active pharmaceutical ingredient (API) supplier. “This sNDA approval of Chemport as a supplier of Vascepa marks another significant step for Amarin toward the goal of expanding our global supply chain to support expected Vascepa demand, diversify our supply base, and ensure cost-efficient supply,” stated Joseph Zakrzewski, Chairman and Chief Executive Officer of Amarin Corporation plc (ADR) (NASDAQ:AMRN). “The addition of Chemport as an approved API supplier supplements Amarin’s current proven API supply source, Nisshin Pharma, Inc.”
Cypress Semiconductor Corporation (CY): Can This Stock Extend Its Rally Post Earnings? (Insider Monkey)
The third week of April will see a number of companies reporting results. Some will provide positive momentum to their stock price with solid numbers and/or a decent outlook, while some will be gunning for a turnaround in their fortunes. Chipmaker Cypress Semiconductor Corporation (NASDAQ:CY) falls in…