Stocks got a brief bump from news that the Federal Reserve doesn’t plan to raise rates this year, but still ended mostly lower Wednesday after those gains faded.Bond prices rose sharply after the Fed forecast slower economic growth. That sent bond yields down to the lowest they’ve been in more than a year. Banks fell sharply as the outlook for higher rates dimmed.On Wednesday:The S&P 500 dropped 8.34 points, or 0.3 per cent, to 2,824.23.The Dow Jones Industrial Average fell 141.71 points, or 0.5 per cent, to 25,745.67.The Nasdaq composite added 5.02 points, or 0.1 per cent, to 7,728.97.The Russell 2000 index of smaller-company stocks gave up 11.83 points, or 0.8 per cent, to 1,543.16.For the week:The S&P 500 is up 1.75 points, or 0.1 per cent.The Dow is down 103.20 points, or 0.4 per cent.The Nasdaq is up 40.44 points, or 0.5 per cent.The Russell 2000 is down 10.38 points, or 0.7 per cent.For the year:The S&P 500 is up 317.38 points, or 12.7 per cent.The Dow is up 2,418.21 points, or 10.4 per cent.The Nasdaq is up 1,093.69 points, or 16.5 per cent.The Russell 2000 is up 194.60 points, or 14.4 per cent.The Associated Press
During the first quarter of 2017, Metso signed three new long-term maintenance contracts with major mining companies in the Pacific Rim region. Through these new Life Cycle Services (LCS) contracts, Metso will provide improvements in the availability of equipment to meet production targets and reduce maintenance costs in mining operations. Equivalent to €13.9 million, the new contracts have been booked to Metso’s Q1 2017 orders received.“Not all our clients in the Pacific Rim focus on the same opportunities or face the same challenges in the same way. That is why we at Metso Chile recruit, train and manage qualified teams that can offer solutions that meet different customer requirements. Through the LCS offering, we work together to reduce all unforeseen shutdowns,” says Claudio García, Vice President of Services for Chile and Argentina.“Our customers aim for increased reliability, availability and performance by partnering with a spare and wear parts original equipment manufacturer. By choosing Metso Life Cycle Agreements our customers get access to the competence and experience of skilled technicians, full service portfolio bundled with equipment, and an increased cost-effectiveness,” says José Luis Olaeta, LCS Manager.“We are fully committed to performance, and at the heart of great performance is knowledge. We utilise our deep knowledge and experience as an original equipment manufacturer, systems designed for the transfer of knowledge, and work practices optimised by performing diverse tasks. These new long-term maintenance contracts are the result of our ability to meet customers’ needs regarding the mechanical maintenance of the crushing and screening plants, safely and on time,” concludes Aldo Cermenati, Senior Vice President, Pacific Rim market area.