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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
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March 30, 2015
10:00 EDTBHPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: BHP Billiton (BHP) upgraded to Outperformer from Sector Performer at CIBC...Analog Devices (ADI) upgraded to Overweight from Equal Weight at Barclays... Continental Resources (CLR) upgraded to Buy from Hold at Societe Generale... FirstEnergy (FE) upgraded to Overweight from Equal Weight at Barclays... Madison Square Garden (MSG) upgraded to Buy from Hold at Topeka... Madison Square Garden upgraded to Overweight at Morgan Stanley... Nike (NKE) upgraded to Outperform from Neutral at RW Baird.... Restoration Hardware (RH) upgraded to Buy from Neutral at Goldman... Wolverine World Wide (WWW) upgraded to Outperform from Neutral at RW Baird... Transocean (RIG) upgraded to Neutral from Reduce at Global Hunter... Oracle (ORCL) upgraded to Outperform from Sector Perform at RBC Capital... Hertz (HTZ) upgraded to Equal Weight from Underweight at Morgan Stanley... Kraft Foods (KRFT) upgraded to Buy from Hold at Canaccord... GoPro (GPRO) upgraded to Buy from Neutral at Dougherty... Tetra Technologies (TTI) upgraded to Outperform from Sector Perform at Scotia Howard Weil.
06:32 EDTBHPBHP Billiton upgraded to Outperformer from Sector Performer at CIBC
March 17, 2015
13:14 EDTBHPBHP Billiton upgraded to Buy from Neutral at Citigroup
05:51 EDTBHPBHP Billiton's South32 demerger to cost $738M
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