The head of Rio Tinto PLC (NYSE: RIO) will leave after the company took a $14 billion write-down. (Reuters) The FAA grounds the Boeing Co. (NYSE: BA) Dreamliner after it ... Read Full Story »
Harry Winston Diamond Corp. (NYSE: HWD) announced this morning that it has agreed to sell its luxury brand diamond jewelry and watch division, Harry Winston Inc., to Swiss-based The Swatch ... Read Full Story »
A shrinking global economy took a heavy toll on producers of nonprecious metals in 2012. Prices for base and industrial metals like copper, iron ore, and aluminum fell sharply as ... Read Full Story »
Shares of a host of shipping companies are getting a big boost today on a report from Bloomberg that the 2013 outlook for shipping rates, especially for iron ore, are ... Read Full Story »
2012 has been a mixed year for the base metals. 24/7 Wall St. is looking into 2013 to see what the new year may bring for the sector. The long ... Read Full Story »
These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday. Aeropostale Inc. (NYSE: ARO) cut to Neutral at Janney Capital. AK Steel ... Read Full Story »
At a time when iron ore prices are falling like tears, Rio Tinto PLC (NYSE: RIO) has just received approval from the Australian state government to expand one of its ... Read Full Story »
Diamond company Harry Winston Diamond Corp. (NYSE: HWD) has agreed to purchase the Ekati diamond mine from the Canadian subsidiary of BHP Billiton PLC (NYSE: BHP) for $500 million. BHP ... Read Full Story »
Major European equities markets are trading lower today as investors are waiting to see the impact of Hurricane Sandy on the heavily populated U.S. East Coast. The U.K.’s FTSE 100 ... Read Full Story »
The three major U.S. stock indexes opened higher this morning, aided by a better-than-expected report on U.S. retail sales and a smaller-than-expected rise in the Empire State manufacturing survey (more ... Read Full Story »
These are some of the top analyst upgrades, downgrades and initiations we have seen from Wall St. research calls this Monday. Alliant Techsystems (NYSE: ATK) raised to Outperform at FBR ... Read Full Story »
Here we go again. We’d all feel cheated if a year were to pass without chatter about the possibility of a takeover of Alcoa Inc. (NYSE: AA). In 2007, BHP ... Read Full Story »
The three major U.S. stock indexes opened flat to slightly lower again this morning even though word leaked out of the European Central Bank’s likely bond-buying scheme (our coverage here). ... Read Full Story »
These are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday. Activision Blizzard Inc. (NASDAQ: ATVI) started as Buy at Jefferies. Adtran Inc. ... Read Full Story »
When the proposed $90 billion merger between Glencore International and Xstrata was first announced, the seeds of its failure were first planted. Glencore already owned 34% of Xstrata and could ... Read Full Story »