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Stock Market & Financial Investment News

News Breaks
January 29, 2013
07:22 EDTBTU, XSRAY, AAUKYStorms force coal mines to close in Australia, WSJ reports
Along Australia's east coast, storms disrupting coal exports as rail links were closed due to heavy flooding, as Queensland state faced the heaviest rain in two years, reports the Wall Street Journal. Reference Link
News For XSRAY;BTU;AAUKY From The Last 14 Days
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December 21, 2014
19:22 EDTAAUKYFalling commodity prices, valuations may spur rebound in mining deals, FT says
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December 17, 2014
11:29 EDTBTUJoy Global sees U.S coal market to be challenged in 2015
Joy Global says U.S. coal exports are likely to decline this year. Falling gas prices attributable to warmer weather will result in a switch to gas for electricity production. Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT).
December 15, 2014
07:41 EDTAAUKYAnglo American shares look cheap, says Bernstein
Bernstein says that it is puzzled by the recent weakness in Anglo American's stock, as the negative news from the company's Congo Mineral Developments mine were not new, while all the new developments involving the mine were positive, according to the firm. The firm thinks the company's performance is improving, while its stock looks cheap. Bernstein reiterates an Outperform rating on the shares.
December 11, 2014
10:13 EDTAAUKYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARIAD (ARIA) downgraded at Credit Suisse... AbbVie (ABBV) downgraded to Equal Weight from Overweight at Morgan Stanley... Aimco (AIV) downgraded to Hold from Buy at KeyBanc... Anglo American (AAUKY) downgraded to Underperform from Neutral at Exane BNP Paribas... Approach Resources (AREX) downgraded at Sterne Agee... CommVault (CVLT) downgraded to Neutral from Outperform at Macquarie... Fifth Street Senior (FSFR) downgraded to Perform from Outperform at Oppenheimer... Harmonic (HLIT) downgraded to Neutral from Buy at Sidoti... Macerich (MAC) downgraded to Hold from Buy at Deutsche Bank... Newell Rubbermaid (NWL) downgraded to Outperform from Strong Buy at Raymond James... Olin Corp. (OLN) downgraded at Longbow... Penn West (PWE) downgraded to Underperform from Neutral at BofA/Merrill... Prudential plc (PUK) downgraded to Neutral from Buy at Nomura... Semiconductor Manufacturing (SMI) downgraded to Hold from Buy at Jefferies... Suncor (SU) downgraded to Neutral from Buy at BofA/Merrill... Talisman Energy (TLM) downgraded to Underperform from Neutral at BofA/Merrill... Thompson Creek (TC) downgraded to Hold from Buy at Deutsche Bank... Toll Brothers (TOL) downgraded to Underperform from Sector Perform at RBC Capital... Travelers (TRV) downgraded to Neutral from Buy at UBS... United Therapeutics (UTHR) downgraded at Credit Suisse... Vera Bradley (VRA) downgraded to Underperform from Neutral at Sterne Agee.
05:46 EDTAAUKYAnglo American downgraded to Underperform from Neutral at Exane BNP Paribas
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December 8, 2014
12:30 EDTAAUKYAnglo American to host investor day
Investor Day to be held in London on December 9 at 8:30 am.
07:26 EDTBTUPeabody still sees FY14 coal sales volumes 245M-255M tons
Peabody Energy Corporation said in a filing that it reaffirms its prior guidance regarding 2014 coal sales volumes, U.S. revenues per ton, operating costs and expenses per ton and capital spending. Specifically, Peabody continues to target full-year 2014 sales volumes of 245 to 255 million tons, including U.S. sales of 185 to 190 million tons and Australian sales of 36 to 38 million tons. Peabody's targeted 2014 Australian sales volumes include 16 to 17 million tons of metallurgical coal and 12 to 13 million tons of seaborne thermal coal. In the U.S., Peabody continues to project a 2% to 4% decrease in revenues per ton compared to the prior year. Peabody also continues to expect a 1% to 3% decrease in its U.S. operating costs and expenses per ton in 2014 compared to the prior year and 2014 Australian operating costs and expenses of approximately $70 per ton, in addition to 2014 capital spending levels of $200M-$220M.

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