New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 17, 2013
09:34 EDTBHP, HWDHarry Winston says Fipco commenced action in Superior Court
Harry Winston Diamond (HWD) reports that C. Fipke Holdings, or Fipco, has commenced an action in the Ontario Superior Court of Justice against BHP Billiton Canada (BHP) and certain of its affiliates, the company and its subsidiary, Harry Winston Diamond Mines, as well as against Dr. Stewart Blusson and Archon Minerals. The claim alleges that the offers made by BHP Billiton to Fipco do not comply with Fipco's pre-emptive rights under the joint venture agreements for the Ekati Mine, and that the company was complicit in this alleged non-compliance. The parties to the litigation have entered into an agreement which provides for the trial and any appeal to be conducted on an expedited basis, with a view to obtaining a final ruling no later than April 15. The agreement provides that, if such ruling is in favor of Harry Winston and BHP Billiton, Harry Winston's purchase of BHP Billiton's joint venture interests in the Ekati Mine may be completed before May 15, without re-triggering the pre-emptive right provisions of the joint venture agreements. Harry Winston and BHP Billiton believe that the claim by Fipco is entirely without merit.
News For HWD;BHP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 15, 2014
09:31 EDTBHPRio, BHP looking to raise copper output, Reuters says
Subscribe for More Information
08:34 EDTBHPBHP Billiton downgraded to Underperform from Sector Perform at RBC Capital
RBC Capital downgraded BHP Billiton as the firm believes that the outlook for the company's cash flow metrics is weaker than its peers. The firm questions the timing of the company's South32 spin off and Four Pillars initiative, given potential structural issues affecting iron ore and oil.
December 11, 2014
08:16 EDTBHPBHP sees potash as focus for growth in China, WSJ reports
Mining giant BHP Billiton said it is focusing on potash as an area of strategic growth in China, with Mike Henry, a president for BHP saying potash "can be our fifth pillar, adding to the four key markets of iron ore, oil and natural gas, copper and coal that the company had identified previously, reported The Wall Street Journal. Other publicly traded companies in the potash space include Agrium (AGU), Intrepid Potash (IPI), Mosaic (MOS), Potash (POT). Reference Link
December 10, 2014
15:08 EDTBHPFollow-up: BHP Billiton upgraded at CLSA
Subscribe for More Information
15:05 EDTBHP, BHPBHP Billiton upgraded to Buy from Outperform at CLSA
Subscribe for More Information
December 8, 2014
06:11 EDTBHPBHP Billiton says new company to be called South32
Subscribe for More Information
December 4, 2014
10:08 EDTBHPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Anglo American (AAUKY) downgraded to Underperform from Buy at BofA/Merrill... Archer Daniels (ADM) downgraded to Hold from Buy at Miller Tabak... AuRico Gold (AUQ) downgraded to Underweight from Equal Weight at Morgan Stanley... BHP Billiton (BHP) downgraded to Neutral from Buy at BofA/Merrill... BIND Therapeutics (BIND) downgraded at Credit Suisse... BRF S.A. (BRFS) downgraded to Neutral from Buy at Goldman... CIRCOR (CIR) downgraded to Hold from Buy at BB&T... DISH (DISH) downgraded to Underweight from Equal Weight at Barclays... Enerplus (ERF) downgraded to Sector Performer from Outperformer at CIBC... Gildan Activewear (GIL) downgraded to Hold from Buy at GMP Securities... Kindred Biosciences (KIN) downgraded to Hold from Buy at Craig-Hallum... Nevsun Resources (NSU) downgraded to Neutral from Buy at UBS... Public Storage (PSA) downgraded at KeyBanc... Rio Tinto (RIO) downgraded to Underperform from Buy at BofA/Merrill... SeaChange (SEAC) downgraded to Hold from Buy at Noble Financial... Thor Industries (THO) downgraded at BMO Capital... Tupperware Brands (TUP) downgraded to Underperform from Market Perform at BMO Capital... UTi Worldwide (UTIW) downgraded at Stifel... Vale (VALE) downgraded to Neutral from Buy at BofA/Merrill... Vermilion Energy (VET) downgraded to Sector Performer from Outperformer at CIBC... Wal-Mart (WMT) downgraded to Neutral from Buy at UBS.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use