New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 18, 2012
16:36 EDTIBM, YPF, RIO, IVN, SXCI, CHSI, CHK, BRK.B, BRK.A, INTC, GNWOn The Fly: Closing Wrap
Stocks on Wall Street were lower, as earnings, particularly from the technology sector, disappointed. Stock futures were lower following yesterday’s big advance but closed the pre-market trading session just slightly below fair value. There were no economic numbers released before the open so investors focused on the earnings reports from companies including IBM (IBM) and Intel (INTC). The market opened at its session highs and quickly moved lower by roughly 0.5%, where it sat for several hours. The market selling then picked up in the afternoon, with the indices hitting session lows and struggling the rest of the day... ECONOMIC EVENTS: In the U.S., crude oil inventories grew more than expected, while gasoline and distillates inventories shrank more than analyst forecast. In Europe, investors are anxious to see what emerges from Spain's auction of two-year notes and 10-year debt, which occurs tomorrow... NEWS: Reuters reported that the CEO of Chesapeake Energy (CHK) took out as much as $1.1B in unreported loans in the last three years, raising the possibility of conflicts of interest. Chesapeake’s stock price fell 5.54% throughout the day, ending at $18.06... Berkshire Hathaway’s (BRK.A;BRK.B) Warren Buffett was diagnosed with treatable stage one prostate cancer. Berkshire’s stock price fell slightly on the news, ending the day down 1.29% at $119,750... MAJOR MOVERS: Among the notable gainers were Catalyst Health Solutions (CHSI), skyrocketing 34.14%, to $85.23, after it was acquired in a merger with SXC Health Solutions (SXCI), and Ivanhoe (IVN), up 15.99%, to $13.64, after CEO Robert Friedland resigned in a sweeping agreement with majority shareholder Rio Tinto (RIO) that involved funding for the massive Oyu Tolgoi copper-gold mining project in Mongolia. Noteworthy losers included YPF (YPF), which resumed trading after being halted and continued to plummet, down 32.72%, to $13.12, following the Argentine government’s nationalization of the company, and Genworth Financial (GNW), down 23.77%, to $5.87, after the company decided to postpone its IPO of its Australian unit backing home loans to early 2013 after “elevated” losses in the country this year... INDICES: The Dow lost 82.79 points, or 0.63%, to 13,032.75; the Nasdaq fell 11.37 points, or 0.37%, to 3,031.45; and the S&P 500 dropped 5.64 points, or 0.41%, to 1,385.14.
News For B;CHK;CHSI;SXCI;IVN;RIO;YPF;GNW From The Last 14 Days
Check below for free stories on B;CHK;CHSI;SXCI;IVN;RIO;YPF;GNW the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 16, 2014
09:54 EDTBXylem names Claudia Toussaint as general counsel
Subscribe for More Information
08:08 EDTBBarnes Group announces resignation of General Counsel Claudia Toussaint
Barnes announced in a filing that on September 10, Claudia Toussaint, SVP, General Counsel & Secretary, and a named executive officer of Barnes Group, gave notice of her resignation of employment with the company. The resignation will not be effective until after an orderly transition of her duties. The company expects the resignation to be effective on or about October 20.
07:43 EDTRIOAnglo American, Rio Tinto seen as potential targets for Glencore, FT says
Subscribe for More Information
06:51 EDTRIOChina ban could hurt Australia coal exports, China Daily says
China's decision to ban imports of dirty coal starting in 2015 could significantly reduce the amount of coal that Australia exports to the Asian country, according to China Daily. BHP Billiton (BHP) and Rio Tinto (RIO) mine coal in Australia. Reference Link China ban could hurt Australia coal exports, China Daily says
September 12, 2014
11:55 EDTBBarnes Group management to meet with Jefferies
Meetings to be held in Chicago ob September 17-18 hosted by Jefferies.
08:05 EDTCHKChesapeake price target lowered to $30 from $35 at Oppenheimer
Subscribe for More Information
September 11, 2014
07:14 EDTGNWUBS to hold a conference
Subscribe for More Information
September 9, 2014
13:42 EDTCHKChesapeake must face racketeering charges in Michigan trial, Reuters says
Subscribe for More Information
September 7, 2014
12:59 EDTRIOIron ore giants keep up production amid falling prices, WSJ says
Subscribe for More Information
September 2, 2014
11:43 EDTRIOAnglo American open to takeover proposals, CEO says, WSJ reports
Subscribe for More Information
10:46 EDTRIOAnglo American CEO sees iron-ore prices under pressure, WSJ says
The CEO of miner Anglo American (AAUKY) Mark Cutifani said he is worried about the outlook for iron-ore, says the Wall Street Journal. In spite of concerns about an iron-ore glut, the company intends to press on with the Minas-Rio iron-ore project in Brazil , added the Wall Street Journal. Publicly traded companies in the space include Vale (VALE),Cliffs Natural Resources (CLF), Rio Tinto (RIO), and BHP Billiton (BHP). Reference Link
07:05 EDTGNWGenworth assumed with a Market Perform at Keefe Bruyette
Target $16.50.

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