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Stock Market & Financial Investment News

News Breaks
February 8, 2013
13:35 EDTMSHBY, BHPMitsubishi, BHP prepare for sale of Australian coal mine, Nikkei says
Mitsubishi (MSHBY) and BHP Billiton (BHP) are preparing to sell a portion of an Australian coal mine they jointly own, according to a Nikkei report. Reference Link
News For MSHBY;BHP From The Last 14 Days
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May 14, 2013
13:10 EDTBHPMosaic would resume potash expansion if BHP cancels Jansen project, Reuters says
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07:29 EDTBHPBofA/Merrill to host a conference
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05:39 EDTBHPNew BHP CEO to significantly cut back capital expenditure, WSJ reports
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May 9, 2013
07:12 EDTBHPMiners' asset sale attracts private equity, Bloomberg reports
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06:10 EDTBHPOn the Fly: Periodicals Wrap-Up
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May 8, 2013
07:11 EDTBHPBHP Billiton sees iron ore expanding faster than demand, Bloomberg reports
Global iron ore supplies will expand faster than demand over the long term, lowering prices and reducing volatility of the raw material used to make steel, says BHP Billiton, reports Bloomberg.Reference Link
06:05 EDTBHPOn the Fly: Periodicals Wrap-Up
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May 6, 2013
10:49 EDTBHPCliffs Natural rallies after analyst raises stock to Outperform
Mining company Cliffs Natural (CLF) is climbing after FBR Capital analyst Mitesh Thakkar upgraded the stock to Outperform from Market Perform in a note to investors earlier today. WHAT'S NEW: After meeting with Cliffs' management, Thakkar is more convinced that the company can use various methods to offset declines in iron ore prices. Specifically, Cliffs Natural can reduce its spending on various initiatives, and sell assets to raise cash if necessary, the analyst contended. In addition, there are signs that China's iron ore imports could increase, while Cliffs' stock has slumped 49% this year, making its valuation attractive, the analyst wrote. Thakkar kept a $28 price target on the shares. TODAY'S PRICE ACTION: In mid-morning trading, Cliffs gained 85c, or 4.3%, to $20.75. OTHERS TO WATCH: Other metal producers rose slightly, with Alcoa (AA) adding 0.75% to $8.70, BHP Billiton (BHP) gaining 0.4% to $67.80, and Freeport McMoRan (FCX) gaining 0.75% to $31.40.

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