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News Breaks | | | | February 27, 2013 | | 11:37 EDT |  | JOY, BTU | Joy Global CEO sees early signs of a 'turning point'
On the Q1 earnings conference call ,Mike Sutherlin, President and Chief Executive Officer of Joy Global, cited reducing costs to navigate the challenging market that the company sees. The CEO does however note that there are early signs indicating "a turning point." The company CEO cites improvements in a number of tangible activities, such as China electricity production firming after declining for much of 2012, and similarly year-over-year growth in China steel production increasing steadily during the last five months of the year after bottoming in August. Sutherlin also noted that the US has been improving for the past several months, with non-residential construction pushing up equipment rental rates and industrial production finishing the year at a nine month high. | |
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News For JOY;BTU From The Last 14 Days Check below for free stories on JOY;BTU the last two weeks. |
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| May 14, 2013 | | 16:31 EDT | | BTU | Peabody Energy targeting FY13 capital spending $450M-$550M
Company says this is approximately 50% below FY12 levels, as it is deferring early-stage growth projects. Company said Q1 capital spend approximately 70% below prior-year levels. Guidance given in slides ahead of presentation to be made at Bank of America-Merrill Lynch 2013 Global Metals and Mining Conference. | | | May 13, 2013 | | 07:37 EDT |  | BTU | BofA/Merrill to host a conference
 Subscribe for More Information | | | May 9, 2013 | | 11:35 EDT | | BTU | Kansas City Southern says coal volumes are up 5% in Q2
On its presentation at the Wells Fargo conference the CFO said that coal volumes are up approximately 5% in Q2. | | | May 8, 2013 | | 10:17 EDT |  | BTU | Peabody Energy volatility at low end of six-year range
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