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Stock Market & Financial Investment News

News Breaks
November 28, 2012
18:08 EDTRIO, AA, BTURio Tinto CEO says aluminum, thermal coal most challenging businesses
This is being reported by Bloomberg.
News For RIO;AA;BTU From The Last 14 Days
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October 17, 2014
08:04 EDTBTUPeabody volatility elevated into Q3 and outlook
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October 16, 2014
10:01 EDTRIOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
09:23 EDTRIOOn The Fly: Pre-market Movers
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07:43 EDTRIORio Tinto downgraded to Market Perform at Cowen
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06:29 EDTRIORio Tinto downgraded to Market Perform from Outperform at Cowen
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October 15, 2014
11:30 EDTRIORio Tinto CEO says not looking to do major M&A right now, Nikkei reports
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10:02 EDTBTUOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Atwood Oceanics (ATW) initiated with a Buy at ISI Group... Baker Hughes (BHI) initiated with a Buy at Citigroup... Basic Energy (BAS) initiated with a Buy at ISI Group... C&J Energy (CJES) initiated with a Buy at ISI Group... CARBO Ceramics (CRR) initiated with a Hold at ISI Group... CHC Group (HELI) initiated with a Buy at ISI Group... Cameron (CAM) initiated with a Buy at ISI Group... Chart Industries (GTLS) initiated with a Buy at ISI Group... Core Laboratories (CLB) initiated with a Buy at ISI Group... Diamond Offshore (DO) initiated with a Sell at ISI Group... Dresser-Rand (DRC) initiated with a Sell at ISI Group... Dril-Quip (DRQ) initiated with a Buy at ISI Group... Ensco (ESV) initiated with a Buy at ISI Group... FIS (FIS) initiated with a Market Perform at BMO Capital... FMC Technologies (FTI) initiated with a Buy at ISI Group... GoPro (GPRO) initiated with a Sector Perform at Pacific Crest... Halliburton (HAL) initiated with a Buy at ISI Group... Helmerich & Payne (HP) initiated with a Neutral at Citigroup... Hercules Offshore (HERO) initiated with a Sell at ISI Group... Key Energy (KEG) initiated with a Buy at ISI Group... Maxwell (MXWL) reinstated with a Buy at Canaccord... Nabors Industries (NBR) initiated with a Buy at ISI Group... Noble Corp. (NE) initiated with a Buy at ISI Group... Oceaneering (OII) initiated with a Buy at ISI Group... Paragon Offshore (PGN) initiated with a Buy at ISI Group... Parker Drilling (PKD) initiated with a Buy at ISI Group... Patterson-UTI (PTEN) initiated with a Buy at Citigroup... Peabody (BTU) initiated with an Underperform at Imperial Capital... RPC, Inc. (RES) initiated with a Buy at Citigroup... Receptos (RCPT) initiated with a Buy at Goldman... Rowan Companies (RDC) initiated with a Buy at ISI Group... Schlumberger (SLB) initiated with a Buy at ISI Group... Sensata (ST) resumed with a Buy at Citigroup... Tidewater (TDW) initiated with a Hold at ISI Group... Transocean (RIG) initiated with a Sell at ISI Group... Weatherford (WFT) initiated with a Buy at ISI Group.
09:18 EDTBTUPeabody initiated with an Underperform at Imperial Capital
Imperial Capital expects shares of Peabody to remain under pressure due to rising leverage and instability in global coal markets. The firm started shares with an Underperform rating and $5 price target.
09:02 EDTAAAlcoa to sell stake in Jamalco to Noble
Alcoa and Noble Group announced the signing of a definitive agreement that will result in Alcoa World Alumina and Chemicals selling 100% of its ownership stake in the Jamalco bauxite mining and alumina refining joint venture to Noble for $140M. AWAC will continue as the managing operator for three years under a compensated service agreement and employees will remain employed by Jamalco. The Jamalco joint venture is 55% owned by Alcoa Minerals of Jamaica and 45% owned by Clarendon Alumina Production. AMJ is part of the AWAC joint venture, owned 60% by Alcoa and 40 percent by Alumina. CAP is a company wholly owned by the Government of Jamaica. The sale is subject to customary regulatory approvals, and is expected to close by the end of Q4. As a result of the transaction, Alcoa will record a non-cash loss of approximately $80M-$100M, or between 7c-9c per share, after-tax and non-controlling interest in Q4. This sale is in line with Alcoa’s strategy to create a globally competitive commodity business.
09:01 EDTAAAlcoa to sell stake in Jamalco to Noble
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October 14, 2014
19:49 EDTRIORio Tinto says expenditure for first three quarters of FY14 was $566M
Rio Tinto said that pre-tax and pre-divestment expenditure on exploration and evaluation charged to the profit and loss account in the first three quarters of FY14 was $566M compared with $774M in 2013, sustaining the savings achieved in the same period of FY13 whilst continuing to progress the highest priority projects. In the first nine months of FY14, approximately 35% was incurred by the Copper Group, 5% by Iron Ore, 18% by Energy, 16% by Diamonds and Minerals, 1% by Aluminium and the balance by central exploration. There were no significant divestments of central exploration properties in Q3 of FY14 or FY13.
19:41 EDTRIORio Tinto says FY14 iron ore global production guidance unchanged
Rio Tinto says FY14 global production guidance is unchanged at 295M tonnes, subject to weather constraints. Rio Tinto expects FY14 iron ore global shipments of approximately 300M tonnes. Around 5M tonnes of iron ore inventory is expected to be drawn down from the Pilbara mines during the year.
19:39 EDTRIORio Tinto lowers FY14 diamond production guidance
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19:36 EDTRIORio Tinto increases FY14 thermal coal production guidance
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19:33 EDTRIORio Tinto reduces FY14 alumina production guidance
Rio Tinto’s share of bauxite and aluminium production for FY14 is unchanged and is expected to be 41M tonnes and 3.4M tonnes, respectively. Alumina production guidance is reduced to 7.4M tonnes from 7.6M tonnes, excluding alumina production in the year from the Gove alumina refinery.
19:32 EDTRIORio Tinto increases FY14 copper production guidance
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19:29 EDTRIORio Tinto reports Q3 production data
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16:00 EDTAAOptions Update; October 14, 2014
iPath S&P 500 VIX Short-Term Futures down 40c to 39.11. Option volume leaders: AAPL TSLA TWTR AMZN GILD C JNJ AA NFLX PBR according to Track Data.
October 13, 2014
09:39 EDTAAActive equity options trading on open
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October 12, 2014
17:50 EDTRIORio Tinto shares could climb 20%, Barron's says
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