New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 27, 2013
11:37 EDTBTU, JOYJoy 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.
News For JOY;BTU From The Last 14 Days
Check below for free stories on JOY;BTU the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 11, 2014
16:26 EDTJOYJoy Global acquires certain assets of Mining Technologies International
Joy Global announced that it entered into a definitive agreement to purchase certain assets of Mining Technologies International for $51M Canadian dollars. MTI is a Canadian manufacturer of underground hard rock mining equipment serving the North American markets and a world leading supplier of raise bore drilling consumables. The company is acquiring substantially all of the assets associated with MTIís hard rock drilling, loaders, dump trucks, shaft sinking, and raise bore product lines. MTI's fiscal 2013 revenues associated with these product lines were approximately $90M U.S. dollars. Excluding the impact of transaction costs and excess purchase accounting charges, the company expects the transaction to be accretive to earnings in 2015. Completion of the transaction is subject to customary closing conditions and is expected to occur within 90 days.
April 9, 2014
09:33 EDTJOYBofA/Merrill's industrial/mining analysts hold analyst/industry conference call
Subscribe for More Information
April 4, 2014
10:02 EDTBTUOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:36 EDTBTUPeabody upgraded to Outperform from Market Perform at Cowen
Subscribe for More Information

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