BHP, Rio Tinto Australia, Xstrata Coal Chiefs Met Government - Source
30th Jun 2010 23:40
MELBOURNE (Dow Jones)--BHP Billiton Ltd. (BHP.AU) Chief Executive Marius Kloppers and senior executives from Rio Tinto Ltd. (RTP) and Xstrata PLC (XTA.LN) will begin a second day of negotiations with the Australian government Thursday over its planned new mining tax, a person familiar with the situa
Read moreADR Report: Shares Close Lower As Latin America Weighs
30th Jun 2010 22:29
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed lower on disappointing U.S. employment figures and Moody's review of Spain's credit ratings, despite an uptick in Chicago-area manufacturing activity and an encouraging European
Read moreUS HOT STOCKS: FirstCity Financial, Monsanto, Rio Tinto -2-
30th Jun 2010 22:12
Energy Inc. (EGAS, $10.86, -$0.59, -5.15%) said it will sell up to 2.5 million shares to raise funds to expand its distribution systems as well as for working capital and general corporate purposes. The offering would increase the number of shares outstanding at the natural gas utility by 42%.
Read moreUS HOT STOCKS: Domino's, TIB Financial, UniFirst, WellCare -2-
30th Jun 2010 18:23
Domino's Pizza Inc. (DPZ, $11.41, +$0.42, +3.82%) is "very pleased" with second-quarter sales trends, where momentum from the launch of a revamped pizza recipe has continued. "We're very pleased with the momentum that appears to be sustained," Domino's CFO Wendy Beck said Wednesday at an Oppenheimer
Read moreLondon close: Flat finish
30th Jun 2010 15:56
A jumpy start on Wall Street did nothing to steady a volatile Footsie, but despite all the fluctuations the leading index finished hardly changed on the day. London lost 272 points in June, the third monthly decline in a row, and traded a range of well over 400 points. Miners ENRC, Kazakhmys and A
Read moreUS 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
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