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Stock Market & Financial Investment News

News Breaks
December 5, 2012
18:36 EDTWLT, BHPBHP Billiton considering bid for Walter Energy, Daily Mail reports
There is speculation that BHP Billiton (BHP) is considering a $55 per share offer for Walter Energy (WLT), according to The Daily Mail, which said it could be the "swan song" of CEO Marius Kloppers, which BHP Billiton is said to be planning a successor for. Reference Link
News For BHP;WLT From The Last 14 Days
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April 24, 2014
15:11 EDTWLTWalter Energy files to sell 4.3M shares of common stock
The shares relate to the company's 2014 long term incentive plan.
April 23, 2014
14:07 EDTBHPEarnings Preview: Potash sees Q1 EPS 30c-35c
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April 21, 2014
12:00 EDTWLTWalter Energy falls 9.1%
Walter Energy is down 9.1%, or 72c, to $7.19
10:01 EDTWLTOn The Fly: Analyst Downgrade Summary
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10:00 EDTWLTWalter Energy falls 9.4%
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06:14 EDTWLTWalter Energy downgraded to Sell from Neutral at Goldman
Goldman downgraded Walter Energy due to an increased PRB coal price outlook, potential liquidity issues, and believes the $250M asset sale goal will be difficult to achieve. Price target lowered to $5 from $9.
April 17, 2014
07:06 EDTBHPBHP could benefit from rebound not spinoffs amid metal slump, Bloomberg says
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03:35 EDTWLTStocks with implied volatility movement; WLT ZNGA
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April 15, 2014
18:57 EDTBHPBHP Billiton reports Q3 total petroleum production up 10%
BHP Billiton reported total petroleum production for Q3 was up 10% over the prior year, with production for the nine months ended March 31 totaling 181.3 MMBoe. The company also lowered its FY14 production guidance to 245 MMboe, citing lower gas and natural gas liquids production in the Hawkville area of the Eagle Ford. BHP reported Q3 copper production fell 5%, with total copper production increasing 2% to 1.3 Mt for the nine months ended March 31. BHP reiterated its copper production guidance for FY14 of 1.7 Mt. BHP also reported Q3 iron ore production increased 23%, with production for the nine months ended March 31 growing 21% to 147,387 kt. BHP expects FY14 iron ore production to total 197 Mt.
15:12 EDTWLTWalter idling step in right direction but industry needs more cuts, says UBS
UBS believes Walter Energy's decision to idle its Canadian operations should lower the company's pace of cash burn and is "a step in the right direction" for the coal industry, but the firm still thinks more production cuts are needed for met coal prices to rebound. The firm thinks it will be hard for Walter to reach its asset sale target and maintains its Sell rating on the stock.
11:44 EDTBHPPotash Corp. advances after report says BHP could make new bid
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11:37 EDTWLTWalter Energy asset sales in Canada would be difficult, says Brean Capital
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09:35 EDTWLTActive equity options trading on open
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09:16 EDTBHPOn The Fly: Pre-market Movers
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09:09 EDTWLTWalter Energy to idle Canadian operations, temporarily lay off employees, staff
Walter Energy will begin idling its Canadian operations, including the Wolverine and Brazion coal mines in British Columbia, in April. The company will place its Wolverine mine on idle status effective immediately. Brazion will continue to operate the Brule mine but expects to idle the mine by July. The company will continue to operate its preparation plants at these mines to complete processing of coal that already has been mined and is in inventory. For 2013, coal production from Wolverine, which produces mid-volatile hard coking coal, was 1.6M metric tons, while the Brazion mines produced approximately 1.9M metric tons of low-vol PCI and 0.1M metric tons of hard coking coal. As of December 31, 2013, Walter Energy had approximately 1.1M metric tons of coal in inventory in Canada. Employment impacts include temporary layoffs of approximately 415 employees at the Wolverine mine, approximately 280 employees at Brazion, and other administrative support staff. A limited number of employees will remain at each site to operate the preparation plants and, once coal processing is complete, to perform ongoing equipment maintenance and provide ongoing security for the sites during the idle period.
07:46 EDTBHPPotash Corp. speculated to be targeted again by BHP Billiton, Globe & Mail says
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