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Stock Market & Financial Investment News

News Breaks
January 17, 2013
09:34 EDTHWD, BHPHarry 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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October 27, 2014
07:28 EDTBHPBHP Billiton says could sell Fayetteville shale gas assets
BHP CEO Andrew Mackenzie said in a statement, "As we look to improve the balance of liquids and gas across our Petroleum portfolio we have initiated the marketing our Fayetteville acreage. However, we will only divest the field if it maximizes value for shareholders."
October 21, 2014
17:58 EDTBHPBHP Billiton Q1 iron-ore output up 17% YoY to 57.09 tons
17:56 EDTBHPBHP Billiton Q1 copper output down 3% YoY to 389,400 tons
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10:00 EDTBHPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AbbVie (ABBV) downgraded to Neutral from Buy at Guggenheim... BHP Billiton (BHP) downgraded to Hold from Buy at Jefferies... Bank of Marin (BMRC) downgraded to Market Perform from Outperform at Keefe Bruyette... Cobalt (CIE) downgraded to Speculative Buy from Buy at Global Hunter... Consolidated Edison (ED) downgraded to Underweight at Morgan Stanley... Deutsche Post (DPSGY) downgraded to Hold from Buy at Deutsche Bank... HCP (HCP) downgraded to Hold from Buy at Jefferies... IBM (IBM) downgraded to Hold from Buy at Evercore... Inland Real Estate (IRC) downgraded to Underperform from Neutral at BofA/Merrill... PerkinElmer (PKI) downgraded to Neutral from Buy at Janney Capital... Philips (PHG) downgraded to Neutral at UBS... QEP Midstream Partners (QEPM) downgraded to Market Perform at Wells Fargo... Rent-A-Center (RCII) downgraded to Market Perform from Outperform at Raymond James... Rhino Resources (RNO) downgraded to Underperform from Market Perform at Raymond James... Universal Forest (UFPI) downgraded to Neutral from Buy at Sterne Agee.
05:31 EDTBHPBHP Billiton downgraded to Hold from Buy at Jefferies
Jefferies downgraded BHP Billiton to Hold saying it sees limited near-term upside after cutting its commodities price estimates.
October 16, 2014
07:23 EDTBHPHart Energy to hold a conference
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06:53 EDTBHPBHP Billiton to pursue U.K. listing for new company to be created via demerger
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