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Stock Market & Financial Investment News

News Breaks
March 4, 2013
12:17 EDTVALE, BHP, JOY, RIO, CLFMining companies fall after China seeks to slow housing market
A number of mining companies are retreating after the Chinese government ordered some municipalities to take steps to slow down the country's housing market. China is the world's largest consumer of copper, iron ore, and coal. The country's cabinet on Friday ordered cities with "excessively fast" growth to raise down payment requirements and interest rates on purchases of second homes, according to Bloomberg. The government also indicated that it would seek to more strictly enforce a law requiring individuals to pay a 20% tax on their profits from selling homes when the selling price is available, the news service added. Separately, Bloomberg reported that China is creating large mining companies that will be able to compete with global mining conglomerates for acquisitions of foreign companies. In early afternoon trading, Cliffs Natural (CLF) sank 5% to $24, Joy Global (JOY) dropped 4% to $59.50, Vale (VALE) gave back 3% to $18, Rio Tinto (RIO) dropped 3% to $50 and BHP Billiton (BHP) lost 1.3% to $73.
News For CLF;JOY;VALE;RIO;BHP From The Last 14 Days
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August 27, 2015
10:00 EDTBHPOn The Fly: Analyst Upgrade Summary
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07:54 EDTBHPBHP Billiton upgraded to Neutral from Underperform at Exane BNP Paribas
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August 26, 2015
10:00 EDTBHPOn The Fly: Analyst Upgrade Summary
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09:33 EDTVALEActive equity options trading on open
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08:16 EDTBHPBHP Billiton upgraded at RBC Capital
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07:08 EDTBHPBHP Billiton upgraded to Sector Perform from Underperform at RBC Capital
August 25, 2015
12:17 EDTBHPBHP Billiton technical comments ahead of earnings
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09:26 EDTBHPBHP Billiton sees FY16, FY17 capex to decline from $11B in FY15
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09:24 EDTBHPBHP Billiton says commitment to the progressive dividend unchanged
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09:23 EDTBHPBHP Billiton reports FY15 net profit down 86.2% to $1.91B
Reports FY15 revenue from continuing operations down 21.4% to $44.64B. Reports final dividend for current period of 62c, with a record date of September 11 and payment date of September 29.
August 21, 2015
16:02 EDTJOYJoy Global COO Randal Baker to depart company
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10:02 EDTCLF, JOY, RIOOn The Fly: Analyst Initiation Summary
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08:26 EDTJOYJoy Global initiated with a Buy at Axiom
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08:22 EDTCLFCliffs Natural initiated with a Sell at Axiom
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08:19 EDTRIORio Tinto initiated with a Neutral at Axiom
August 19, 2015
06:45 EDTRIOGlencore's second merger attempt with Rio Tinto less likely, AFR reports
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August 18, 2015
11:14 EDTVALEStocks with call strike movement; NFLX VALE
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August 16, 2015
17:54 EDTCLFUnited Steelworkers union prepares for week of strike action
The United Steelworkers union said it is preparing for a "busy week of events" at U.S. Steel (X), ArcelorMittal (MT), and Cliffs Natural (CLF), as the union's steelworkers prepare for various strike actions and rallies from August 19-21. USW notes that contract negotiations with the companies "continue to proceed slowly," though it reassured that the union committee "continues to meet both internally and with management as the process continues." Reference Link
August 14, 2015
06:43 EDTRIOShenhua, Glencore interested in Rio Tinto's thermal coal unit, AFR reports
Shenhua Group is among six companies considering bids for Rio Tinto's thermal coal business, The Australian Financial Review reports. According to the report, Glencore, X2 Resources, New Hope Corp, a coal miner, and an unnamed specialist mining private equity firm may also be interested in the Rio Tinto unit. Reference Link
August 13, 2015
06:53 EDTBHPBHP's iron ore operations in Tianjin disrupted by explosions, Reuters says
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