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Stock Market & Financial Investment News

News Breaks
March 4, 2013
12:17 EDTBHP, JOY, RIO, CLF, VALEMining 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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February 25, 2015
15:05 EDTVALENotable companies reporting before tomorrow's open
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06:53 EDTRIORio Tinto says 'no chance' of Glencore merger, Reuters reports
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05:32 EDTBHPBHP Billiton downgraded to Neutral from Buy at Citigroup (yesterday)
February 24, 2015
17:56 EDTBHP, RIORio Tinto a better play than BHP Billiton on commodity rebound, Barron's says
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10:56 EDTBHPBHP Billiton upgraded to Outperform from Neutral at Macquarie
06:10 EDTBHPBHP Billiton CEO sees iron ore price decline in next year, Reuters reports
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February 23, 2015
09:59 EDTVALE, RIO, BHPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Antofagasta (ANFGY) downgraded to Sell from Neutral at Goldman... Arch Coal (ACI) downgraded to Sell from Buy at Argus... BHP Billiton (BHP) downgraded to Equal Weight from Overweight at Morgan Stanley... Beazer Homes (BZH) downgraded to Neutral from Buy at Compass Point... Boeing (BA) downgraded to Sell from Neutral at Goldman... Century Communities (CCS) downgraded to Neutral from Overweight at JPMorgan... CyberArk (CYBR) downgraded to Underweight from Neutral at JPMorgan... DirecTV (DTV) downgraded to Hold from Buy at Brean Capital... Enerplus (ERF) downgraded to Hold from Buy at Desjardins... Fiserv (FISV) downgraded to Neutral from Buy at Monness Crespi... GP Strategies (GPX) downgraded to Neutral from Buy at B. Riley... Interactive Brokers (IBKR) downgraded to Market Perform at Keefe Bruyette... MRC Global (MRC) downgraded at BB&T... Precision Castparts (PCP) downgraded to Neutral from Buy at Goldman... Quest Diagnostics (DGX) downgraded at BofA/Merrill... Rio Tinto (RIO) downgraded to Equal Weight from Overweight at Morgan Stanley... Roth Capital downgraded Spectrum (SPPI) on court case loss... Royal Dutch Shell (RDS.A) downgraded to Sector Perform from Outperform at Howard Weil... Ryland Group (RYL) downgraded to Neutral from Buy at Compass Point... Salix (SLXP) downgraded to Market Perform from Outperform at Leerink... Standard Pacific (SPF) downgraded to Neutral from Buy at Compass Point... Superior Energy (SPN) downgraded to Neutral from Outperform at Credit Suisse... Transocean (RIG) downgraded to Negative from Neutral at Susquehanna... Vale (VALE) downgraded to Equal Weight from Overweight at Morgan Stanley.
09:25 EDTVALEOn The Fly: Pre-market Movers
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08:45 EDTRIORio Tinto downgraded to Equal Weight from Overweight at Morgan Stanley
08:21 EDTBHPBHP Billiton downgraded to Equal Weight from Overweight at Morgan Stanley
08:20 EDTVALEVale downgraded to Equal Weight from Overweight at Morgan Stanley
07:40 EDTRIO, CLFBMO Capital to hold a conference
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06:19 EDTBHPBHP Billiton CEO expected to provide more info on demerger, WSJ reports
BHP Billiton CEO Andrew Mackenzie is expected to this week provide more information on his demerger proposal, which will leave the mining company with fewer commodities and lower cash flow, The Wall Street Journal reports. The upcoming 1H earnings release is also expected to highlight the challenges BHP is currently facing as it seeks to focus on commodities like iron ore and oil. Reference Link
05:31 EDTRIORio Tinto downgraded to Neutral from Buy at UBS
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February 19, 2015
08:45 EDTRIODiana Shipping announces time charter contracts
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February 18, 2015
10:54 EDTJOYJoy Global says reducing cost curve is company's priority for customers
Joy Global says focused on growing service business. Looking to accelerate savings on service business for 2015. Company focuses on life cycle management of equipment. Joy Global developing new products in service sector to allow customers to reduce costs. Sees opportunity in tough market to build service business. Seeing better visibility on rebuilds. Comments taken from Barclays Capital Industrial Select Conference.
10:26 EDTJOYJoy Global backs FY15 EPS view $3.10-$3.50, consensus $3.21
Backs FY15 revenue view $3.6B$3.8B, consensus $3.65B. Guidance taken from slides prepared for Barclays Industrial Select Conference.
07:17 EDTCLFCliffs Natural finalizes energy agreement with We Energies in U.P. of Michigan
Cliffs Natural (CLF) has finalized an interim power agreement with Wisconsin Energy's (WEC) utility energy segment We Energies for its Michigan operations. The company stated that this is "one key step in a series of contemplated short and long-term agreements that are essential to the viability of its iron ore mines in the Upper Peninsula".
07:07 EDTJOYBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
February 17, 2015
08:14 EDTRIORio Tinto management to meet with JPMorgan
Meetings to be held in Montreal on February 16, in Philadelphia/Wilmington on February 17, in Dallas/Des Moines on February 18, in Los Angeles on February 19 and in San Francisco/San Mateo on February 20 hosted by JPMorgan.
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