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Stock Market & Financial Investment News

News For MSBHY;BTU;ACI;CLF;BHP From The Last 14 Days
Check below for free stories on MSBHY;BTU;ACI;CLF;BHP the last two weeks.
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July 29, 2014
17:06 EDTCLFOn The Fly: Closing Wrap
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16:01 EDTCLFOptions Update; July 29, 2014
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13:47 EDTCLFCliffs Natural issues statement following annual general meeting
Cliffs Natural Resources made the following statement following the company’s Annual General Meeting:“We look forward to receiving the final results of today’s vote, and the Board and management team remain deeply committed to continuing to create long-term value for all of our shareholders. We appreciate the support of the Cliffs shareholders who supported the Company’s slate and the hard work every day by Cliffs’ more than 6,000 employees.” The company will await the preliminary report of the Inspector of Election, IVS Associates, Inc., before releasing any further statements about the vote. The Inspector has indicated that it expects to issue a preliminary tabulation of the vote results within approximately three business days, which Cliffs will publicly announce. Final results of the election will also be announced once they are certified by the Inspector of Election following the customary review and challenge period.
12:41 EDTCLFCliffs Natural August volatility elevated
Cleveland Cliffs August weekly call option implied volatility is at 73, August is at 48, September is at 44, January is at 42; compared to its 26-week average of 45 according to Track Data, suggesting larger near term price movement.
12:32 EDTCLFCasablanca says all six nominees elected to Cliffs Natural board
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07:46 EDTACIArch Coal reports Q2 adj. EPS (46c), consensus (49c)
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July 28, 2014
10:02 EDTCLFOn The Fly: Analyst Upgrade Summary
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09:50 EDTCLFActive equity options trading on open
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09:12 EDTCLFCliffs Natural upgraded to Neutral from Underperform at Macquarie
Macquarie upgraded Cliffs Natural based on a better earnings outlook and a potential positive resolution either way to the proxy battle. Price target raised to $17 from $10.
July 24, 2014
10:30 EDTCLFCliffs Natural backs FY CapEx view $275M-$325M
Says recommendations of proxy firms "clear and unanimous" that Casablanca nominees "should not constitute majority of Cliffs board." Says now is not the time to liquidate assets. Lowering FY CapEx spending about 65% from 2013 levels. Says will continue reviewing opportunities to further reduce CapEx spending without compromising production or safety. Says coal market conditions remain challenging. Says idling Pinnacle Mine "increasingly likely" given current market conditions. Sees cash tax rate 24% for FY. Sees cost cutting, asset optimization plans continuing. Comments made on the Q2 earnings conference call.
09:24 EDTCLFCliffs Natural notes revied Glass Lewis recommendation
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08:24 EDTCLFCasablance urges Cliffs investors to disregard Glass Lewis's recommendation
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06:16 EDTBHPBHP Billiton looks to ramp up iron ore output, WSJ reports
Despite declining prices, BHP Billiton is planning to continue to expand iron ore production, the Wall Street Journal reports. Reference Link
July 23, 2014
18:53 EDTBHPBHP Billiton, Anglo seek buyers for manganese assets, WSJ reports
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18:34 EDTCLFOn The Fly: After Hours Movers
UP AFTER EARNINGS: Fortinet (FTNT), up 7.8%... Hanesbrands (HBI), up 5.4%... 8x8 (EGHT), up 5.1%... Infinera (INFN), up 4.9%... Facebook (FB), reverses and is now trading up 5.1% following second quarter earnings conference call. NOTABLE: Twitter (TWTR), up 1.7%, LinkedIn (LNKD), up marginally, and Yelp (YELP), up 1.6% after Facebook reports second quarter results. ALSO HIGHER: Spectranetics (SPNC), up 7.1% after receiving FDA clearance for atherectomy products, Turbo-Tandem and Turbo Elite... Ariad Pharmaceuticals (ARIA), up 7.1%... Jamba (JMBA), up 3.8% after Engaged Capital reports stake in the company and announced that they had discussions with management. DOWN AFTER EARNINGS: AT&T (T), down 1.2%... Angie's List (ANGI), down 16.4%... Tripadvisor (TRIP), down 11.5%... Orchids Paper (TIS), down 7.4%... Cirrus Logic (CRUS), down 6.6%... Cliffs Natural (CLF), down 1.2%... Teradyne (TER), down 4%. ALSO LOWER: Kandi Technologies (KNDI), down 3.8% after being mentioned negatively in a Seeking Alpha blog post.
16:44 EDTCLFCliffs Natural lowers U.S. iron ore production view to low end of prior outlook
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16:39 EDTCLFCliffs Natural reports Q2 EPS (1c), consensus (6c)
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15:17 EDTBHPBHP Billiton, Anglo seek buyers for manganese assets, DJ says
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July 22, 2014
11:43 EDTBTUPeabody sees metallurgical coal demand picking up in 2H
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08:08 EDTBTUPeabody sees Q3 adjusted EPS (53c)-(40c), consensus (20c)
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08:07 EDTBTUPeabody sees FY14 sales of 245M-260M tons of coal
For FY14, Peabody now has total sales targets of 245M-260M tons, including U.S. sales of 185M-190M tons and Australian sales of 35M-37M tons. Sees U.S. costs per ton 1%-3% below 2013 levels on cost containment efforts, with U.S. revenues per ton 4%-7% below 2013 levels due to price re-openers and Australian costs in the low-to-mid $70 per ton range. Sees full-year depreciation, depletion and amortization approximately 5%-10% below 2013 levels.
08:03 EDTBTUPeabody reports 2Q adjusted EPS (28c), consensus (29c)
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July 21, 2014
16:19 EDTACIArch Coal idles Cumberland River coal complex, eliminates 213 full-time jobs
Arch Coal announced that it is idling the Cumberland River Coal Company complex. The Cumberland River complex comprises two underground operations and related facilities. 213 full-time positions will be eliminated by idling Cumberland River. "With this move, we are actively responding to currently challenged metallurgical coal markets while striving to enhance our overall competitive cost position in Appalachia," said John Eaves, Arch's president and CEO. "Our strategy is to increasingly shift our portfolio toward higher-margin, lower-cost metallurgical coal operations, while retaining our valuable reserves for when market conditions strengthen in the future."
14:18 EDTCLFCliffs Natural July weekly volatility increases into Q2
Cleveland Cliffs July weekly call option implied volatility is at 83, August is at 58, September is at 57, January is at 43; compared to its 26-week average of 46 according to Track Data, suggesting larger near term price movement into the expected release of Q2 results on July 24.
12:11 EDTCLFStocks with call strike movement; PBR CLF
Petrobras (PBR) October 20 call option implied volatility increased 3% to 44, Cliffs Natural (CLF) October 17 call option implied volatility increased 7% to 48 according to IVolatility
08:07 EDTCLFCliffs Natural urges vote in favor of seven Cliffs nominees
Cliffs Natural Resources issued an open letter to shareholders in connection with its upcoming 2014 Annual Meeting of Shareholders, stating in part: "Cliffs' July 29 Annual Meeting of Shareholders is right around the corner and you have an important and strategic choice to make regarding the composition of the Cliffs Board and the future direction of your company. Last week, Cliffs announced that we reduced our slate from nine to seven candidates in order to provide shareholders with a clear path to vote consistently with the recommendations of Institutional Shareholder Services and Glass Lewis & Co without inadvertently providing Casablanca Capital with a majority of the Board of Directors as a result of Cliffs' cumulative voting provision... Surrendering a majority of the Board will enable Casablanca to enact what we believe is a value-destructive plan, including a "fire sale" of Cliffs' assets at the bottom of the commodity cycle."
July 18, 2014
10:05 EDTCLFCasablanca calls Cliffs Natural revised proxy 'desperate ploy'
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08:31 EDTBHPPotash Corp BG Mosaic could become BHP takeover targets, says Bernstein
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08:15 EDTCLFCliffs Natural announces revised proxy with ISS, Glass Lewis recommendations
Cliffs Natural announced that it has revised its WHITE proxy card to provide shareholders with a clear path to vote consistently with the recommendations of Institutional Shareholder Services, or ISS, and Glass Lewis without inadvertently providing Casablanca Capital with a majority of the board as a result of Cliffs' cumulative voting provision. While both proxy solicitation firms have recommended shareholders support four Casablanca nominees, they have recommended that Cliffs' nominees should remain as the majority of Cliffs' board. As such, Cliffs' board has reduced its slate of directors to be elected at the 2014 Annual Meeting from nine to seven candidates, with Barry J. Eldridge and Stephen M. Johnson no longer standing for re-election. With this change, shareholders can vote the company's WHITE proxy card in order to elect four of Casablanca's nominees and seven of Cliffs' nominees, which is in line with both ISS' and Glass Lewis' recommendations. In addition, Cliffs' board is offering to include Lourenco Goncalves, Joseph Rutkowski, Gabriel Stoliar, and Douglas Taylor on Cliffs' WHITE proxy card, subject to such individuals providing Cliffs with their consent to include their names on Cliffs' proxy card.
July 17, 2014
09:50 EDTCLFEgan-Jones recommends Cliffs Natural investors vote for director nominees
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07:51 EDTBHPBHP Billiton urges India to focus on infrastructure, not mining, WSJ says
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05:13 EDTCLFISS, Glass Lewis recommend Cliffs Natural holders vote GOLD proxy card
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