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Stock Market & Financial Investment News

News Breaks
April 9, 2014
09:25 EDTCAT, CAT, CAT, JOY, JOY, JOY, SDVKY, SDVKY, SDVKY, MXCYY, MXCYY, MXCYY, BHP, BHP, BHP, RIO, RIO, RIOBofA/Merrill's industrial/mining analysts hold analyst/industry conference call
Industrial and Mining Analysts, along with Paul Moore, Editor of International Mining, hold a highly relevant discussion for investors focused on stocks like CAT, JOY, SDVKY, MXCYY, BHP,, RIO. Alternative technologies in the mining equipment industry, mining software developments and OEMs best-positioned to benefit from key technological trends will be the focus of the Analyst/Industry conference call to be held on April 10 at 10 am.
News For CAT;JOY;SDVKY;MXCYY;BHP;RIO From The Last 14 Days
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March 29, 2015
15:58 EDTRIORio says previous proposals on Oyu Tolgoi 'best and final offer,' Reuters says
Rio Tinto is in talks with the Mongolia government on the details of its restarting operations at its Oyu Tolgoi mining operations, says Reuters. Rio's CEO Sam Walsh said proposals made to the Mongolian government by Rio Tinto last November to restart the long-delayed Oyu Tolgoi copper mine were the firm's "best and final offer" and won't be changed, added Reuters. Reference Link
March 26, 2015
08:56 EDTRIORio Tinto CEO dismisses iron ore quota plan, Reuters says
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08:35 EDTRIORio Tinto set to cut 'at least' 1,500 jobs, Sky News reports
According to Sky News, Rio Tinto will cut "at least" 1,500 jobs as it struggles with a decline in global commodity prices. According to the report, a "substantial portion" of the jobs will be cut at the company's London headquarters, and the bulk of the planned reductions will occur at Rio's operations in Western Australia. CEO Sam Walsh last month announced a reorganization focused on "streamlining its product groups and corporate functions as part of the continued focus on efficiency and costs." Reference Link
07:25 EDTCATThe Economist to hold a forum
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March 24, 2015
07:28 EDTCATCaterpillar CEO remains confident on China operations, Want China Times says
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March 23, 2015
09:34 EDTRIOIAMGOLD to sell Diavik Diamond royalty to Sandstorm Gold for $56.8M
AMGOLD (IAG) announced that it has completed an agreement with Sandstorm Gold (SAND) to sell the Company's gross proceeds royalty over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine. The Diavik Diamond Mine is owned, under an unincorporated joint venture structure, 60% by Diavik Diamond Mines, a subsidiary of Rio Tinto (RIO), and 40% by Dominion Diamond Diavik Limited Partnership, a subsidiary of Dominion Diamond (DDC). The Diavik Diamond Royalty is being sold for total proceeds of $56.8M, comprised of $52.5M cash on closing and three million five-year warrants exercisable after initial production from the Diavik Diamond Mine's A21 pipe at an exercise price of $4.50, valued at $4.3 million based on the Company's internal valuation methodology.
09:33 EDTRIOSandstorm Gold acquires royalty on Diavik diamon mine operated by Rio Tinto
Sandstorm Gold (SAND) announced that the company has acquired a 1% gross proceeds royalty over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine operated by Rio Tinto (RIO). Sandstorm acquired the Diavik Mine Royalty from IAMGOLD Corporation for $52.5M in cash and 3M warrants of Sandstorm. The warrants have a 5 year term, a strike price of $4.50 per Sandstorm common share and will be exercisable following initial production from the Diavik Mine's A21 pipe.
06:15 EDTCATCaterpillar to eliminate 230 jobs at Joliet plant, WSJ reports
Caterpillar is planning to cut 230 jobs at its plant in Joliet, Illinois and move production of oil pumps and valves to one of its plants in Monterrey, Mexico, The Wall Street Journal reports. Caterpillar says production of struts and hoists cylinders will remain at the Joliet plant, which employs 770 workers. Reference Link
March 19, 2015
13:21 EDTCATCaterpillar heads for test of its 52-week low, levels to watch
Shares were last down over 1.5% to $80.01, off the low of the day at $79.56. At the low of the day, next support is at the 52-week low at $78.19. Resistance is at the high of the day at $80.50.
13:17 EDTCATCaterpillar end market conditions still negative, says Wells Fargo
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09:12 EDTCATCaterpillar reports retail machines sales down 11% in three months end February
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March 17, 2015
13:14 EDTBHPBHP Billiton upgraded to Buy from Neutral at Citigroup
11:31 EDTCATCaterpillar sees up year for North American construction
Sees some competitors in the construction segment becoming more price competitive.
11:10 EDTCATCaterpillar says balance sheet will allow M&A for potential targets
Says metrics are in "great shape." Says not afraid of doing a "multi-billion dollar" deal.
11:05 EDTCATCaterpillar seeing some activity in domestic infrastructure investment
Comments from Caterpillar at Bank of American Merrill Lynch Global Industrials Conference.
10:44 EDTCATCaterpillar reaffirms FY15 EPS ex-items about $4.75, consensus $4.74
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05:51 EDTBHPBHP Billiton's South32 demerger to cost $738M
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March 16, 2015
10:02 EDTRIO, BHPOn The Fly: Analyst Downgrade Summary
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09:07 EDTBHPBHP Billiton downgraded to Neutral from Overweight at HSBC
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08:10 EDTRIORio Tinto downgraded to Neutral from Overweight at HSBC
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