FOXBusiness.com: Brazil's Vale Swings to 1st-Quarter Profit, Hopes for Turnaround

FOXBusiness.com FOX Business Network - The Power to Prosper

Brazil's Vale Swings to 1st-Quarter Profit, Hopes for Turnaround Apr 24th 2013, 22:46 Brazilian mining giant Vale SA's (VALE, VALE5.BR) bottom line swung back to the black in the first quarter amid better iron-ore prices and no write-downs, marking a possible turnaround for the company after seven straight quarters of declining profits.

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