The number of shares Facebook will sell rose 25% and the company could raise as much as $16 billion. (Reuters) Greeks take hundreds of millions of dollars out of banks ... Read Full Story »
From a high of around $4.60/pound in February of 2011, copper prices have fallen around $3.60/pound today, which is actually better than the price of around $3.40/pound at the beginning ... Read Full Story »
Sony (NYSE: SNE) says it will eliminate 10,000 jobs and retool the company for growth. (Reuters) Exports from Japan improve. (Reuters) The Fed’s Beige Book reports concern about energy costs. (Reuters) ... Read Full Story »
BHP Billiton plc (NYSE: BHP) today announced the closing of its Norwich Park metallurgical coal mine in Queensland. The mine is one of six owned and operated by a 50/50 ... Read Full Story »
UK-based mining giant Rio Tinto plc (NYSE: RIO) is mulling over the idea of shedding its diamond mining and production operations. The company’s review follows by two weeks reports that ... Read Full Story »
The projected slowdown in China’s GDP growth to 7.5% in 2012 has dampened demand for steel. Steel prices are flattening out and the result is that investors are seeing a ... Read Full Story »
Goldman Sachs (NYSE: GS) begins staff cuts as part of an annual review process. (Reuters) The Obama Administration is expected to help U.S. solar panel makers in a trade war ... Read Full Story »
British newspaper The Guardian has a blog post saying there is speculation that US coal miner Walter Energy Inc. (NYSE: WLT) could be a ripe for a takeover fight among ... Read Full Story »
The Ekati diamond mind in northern Canada could be about to change hands. BHP Billiton plc (NYSE: BHP), which owns 80% of the mine, is reportedly in discussions with several ... Read Full Story »
Google (NASDAQ: GOOG) gets approval from the European Commission and the U.S. to buy Motorola Mobility (NYSE: MMI). (Reuters) Boeing (NYSE: BA) signs a $22.4 billion deal with Lion Air. ... Read Full Story »
Eastman Kodak (NYSE: EK) files for Chapter 11. (Reuters) Greece and its private lenders work toward a last-hour compromise on a debt exchange. (Reuters) BP (NYSE: BP) likely to set ... Read Full Story »
The markets opened higher this morning and all three major indexes have managed to hold onto most of their gains of the early morning. The S&P 500 index topped 1,300 ... Read Full Story »
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Tuesday morning. Beazer Homes USA, Inc. (NYSE: BZH) Cut to Underperform ... Read Full Story »
Stocks open slightly higher this morning, but quickly reversed course to begin falling in less than five minutes of trading. The DJIA hit a morning low just before noon and ... Read Full Story »
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. As usual for the week between Christmas and New Years, ... Read Full Story »