US HOT STOCKS: Host Hotels, Lindsay, Netflix, Playboy -2-
30th Jun 2010 15:25
FirstCity Financial Corp. (FCFC, $6.15, +$0.25, +4.22%) announced it has refinanced credit lines and reached a deal to team up with fellow distressed-asset investor Varde Investment Partners LP. Fuqi International Inc. (FUQI, $7.20, -$0.33, -4.38%), which exaggerated earnings in the first ninth
Read more2ndUPDATE: Australian Tribunal Grants Access To Robe Rail To 2018
30th Jun 2010 14:37
(Adds Rio Tinto comment) By Cynthia Koons and David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Australia's competition courts handed down a split decision Wednesday, granting Fortescue Metals Group Ltd. (FMG.AU) access to two rail networks in the Pilbara iron-ore mining region
Read moreLondon afternoon: Miners spoil the party
30th Jun 2010 14:15
The Footsie turned south over the lunch time session as traders took note of the US stock futures market which indicates US markets will open mixed and miners took a turn for the worse. Anglo-Swedish drugs giant AstraZeneca is still the best performer after it received a favourable US ruling in it
Read moreBEFORE THE BELL -2: US HOT STOCKS TO WATCH
30th Jun 2010 13:34
Among the companies whose shares are expected to actively trade in Wednesday's session are Argon ST Inc. (STST), Abraxis BioScience Inc. (ABII) and General Mills Inc. (GIS). Aerospace giant Boeing Co. (BA) has agreed to buy defense-equipment maker Argon for about $775 million, with the deal com
Read moreLondon midday: Respectable gains for Footsie
30th Jun 2010 11:58
Gains in London are now approaching respectable, buoyed by strong demand for heavy hitters in the pharmaceuticals and energy sectors. Anglo-Swedish drugs giant AstraZeneca is the best performer after it received a favourable US ruling in its battle to keep control of the patents to its best-selling
Read moreUPDATE: Australian Competition Tribunal: Grants Access To Robe Rail To 2018
30th Jun 2010 10:59
(Adds Fortescue will appeal, BHP will review decision, appeal possible; gives court's rationale for granting, denying access for each rail line) By Cynthia Koons and David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Australia's competition courts handed down a split decision We
Read more3rd UPDATE: Australia Government Won't Put Time Frame On Mine Tax Talks
30th Jun 2010 10:53
(Updates with negotiations continuing; comments from Gillard, Swan, Rio Tinto exec) By Lyndal McFarland and Rachel Pannett Of DOW JONES NEWSWIRES CANBERRA (Dow Jones)--Senior government officials said Wednesday talks continue with key mining groups over the government's controversial pro
Read moreCORRECT: Australian Competition Tribunal: Grants Access To Robe Rail To 2018
30th Jun 2010 09:57
("Australian Competition Tribunal: Grants Access To Robe Rail To 2018," at 0806 GMT, misstated the amount of access to railways in the first graph, the ruling and the owner of the Mt. Newman line in the second graph. The correct version follows:) SYDNEY (Dow Jones)--Fortescue Metals Group Ltd.
Read moreLondon open: Steady opening for blue chips
30th Jun 2010 08:56
London has stabilised after the pounding for share prices on both sides of the Atlantic. Anglo-Swedish drugs giant AstraZeneca is the best performer after it received a favourable US ruling in its battle to keep control of the patents to its best-selling cholesterol-lowering drug Crestor. BP is a
Read moreLondon pre-open: Small gains ahead
30th Jun 2010 07:36
London's top stocks are expected to open only slightly higher following yesterday's heavy losses. Traders were nervy in Europe about bank payments that need to be made to the European Central Bank this week, while triple-digit falls on Wall Street added to London's woes on Tuesday. Today, traders e
Read moreRio Tinto Exec: Wants Assurance Any Deal On Proposed Australia Tax To Hold Post-Election
30th Jun 2010 07:22
PERTH (Dow Jones)--Rio Tinto Ltd. (RIO.AU) Iron Ore Chief Executive Sam Walsh on Wednesday said he wants an assurance that any deal between miners and the Australian government over the proposed resource super profits tax will remain valid beyond a Federal election, which could be held as early as A
Read moreRio ups stake in Ivanhoe Mines
30th Jun 2010 07:20
Rio Tinto said it is exercising all of its Series A warrants which will increase the mining giant's ownership of Ivanhoe Mines shares by 7.3% to 29.6% and provide sufficient funds to Ivanhoe to continue the development of the Oyu Tolgoi copper and gold complex as scheduled. The Series A warrants
Read moreMARKET TALK: S&P/ASX 200 Offshore Leads Bearish; SPI -0.7%
30th Jun 2010 00:28
2328 GMT [Dow Jones] S&P/ASX 200 offshore leads bearish, with overnight SPI 200 futures down 30 points, or 0.7%, at 4232.0, after Wall Street suffered late sell-off as Moody's said it was considering cutting Spain's AAA credit rating because of weak economic prospects, challenging fiscal targets and
Read moreRio Tinto Boosts Stake In Ivanhoe Mines Through Warrants
29th Jun 2010 23:13
DOW JONES NEWSWIRES Rio Tinto PLC (RIO.LN, RTP) said it would exercise warrants to purchase shares of Ivanhoe Mines Ltd. (IVN, IVN.T), boosting its stake to 30% for about $393 million. Rio holds a 22% stake in the miner of Mongolian copper and gold deposits. It could take a stake of up to 4
Read moreAustralian Government Close To Mining Tax Compromise - Report
29th Jun 2010 22:42
SYDNEY (Dow Jones)--Australian Resources minister Martin Ferguson and Treasurer Wayne Swan were seeking support from miners including BHP Billiton Ltd. (BHP) Tuesday for a compromise deal on the resource super profits tax that could be announced as soon as today, says a report in Wednesday's Austral
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