Commodities & Metals

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CNH Global, Fiat Industrial Merger Moves Forward

thinkstockFarm and industrial equipment maker CNH Global N.V. (NYSE: CNH) has agreed to the terms of proposed merger with Fiat Industrial SpA in a move that will create the third-largest capital goods maker in…

Paul Ausick · 14 years ago

Tractor Maker Gets Sweetened Offer from Fiat

thinkstockFarm equipment and construction machinery firm CNH Global NV (NYSE: CNH) on Wednesday received a sweetened offer from Fiat Industrial SpA for the 12% of the Dutch company that Fiat does not already own.…

Paul Ausick · 14 years ago

Rio Tinto Gets OK to Expand Australian Mine

ThinkstockAt 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 iron ore mines, boosting…

Paul Ausick · 14 years ago

Global Coal-Fired Power Plants to Increase by 1,200

ThinkstockAccording to a new survey by the World Resources Institute (WRI), the number of coal-fired power plants is set to grow by 1,200 new facilities and add 1.4 million megawatts of generation to the…

Paul Ausick · 14 years ago

Deere Misses on Profit as Sales Rise

courtesy Deere & Co.Deere & Co. (NYSE: DE) reported fourth-quarter and full-year fiscal 2012 results before markets opened this morning. For the quarter the company posted earnings per share (EPS) of $1.75 and $9.8…

Paul Ausick · 14 years ago

Update 2: Xstrata OKs Glencore Deal Minus Retention Package

ThinkstockAs far as shareholders are concerned, the merger between Glencore International and Xstrata plc is now in the books. Xstrata shareholders approved the $31 billion merger agreement without the retention packages for Xstrata executives…

Paul Ausick · 14 years ago

Update: Xstrata Nixes Glencore Merger, Another Vote to Come

ThinkstockEven though more than 99% of Glencore International shareholders voted to approve the $31 billion merger with Xstrata, the mining company’s shareholders failed to approve the deal in a vote that would have also…

Paul Ausick · 14 years ago

Glencore, Xstrata Deal Nearly Completed

ThinkstockShareholders of Swiss-based Glencore International have voted overwhelming to support the company’s $67 billion merger with miner Xstrata. At a meeting this morning, more than 99% of Glencore’s shareholders voted to support the deal.…

Paul Ausick · 14 years ago

Two Foods Making Thanksgiving Pricey This Year

ThinkstockFor the average American heading to the supermarket to buy Thanksgiving dinner, bringing a $50 bill should do the trick. The average cost of a 10-serving Thanksgiving dinner will cost $49.48 this year, according…

Mike Sauter · 14 years ago

World Gold Demand Lower in Q3, ETFs and India Saved Gold

ThinkstockIf you have been watching the price of gold in recent months the big assumption would be that global gold demand is through the roof. It isn’t. The World Gold Council (WGC) showed that…

Jon C. Ogg · 14 years ago

Fertilizer Maker Mosaic Cuts Guidance

thinkstockAfter markets closed today, The Mosaic Co. (NYSE: MOS) cut its guidance on fiscal second quarter shipment volumes and tightened its price forecasts to the upper end of its previous range. The maker of…

Paul Ausick · 14 years ago

BHP Dumps Canadian Diamond Mine

ThinkstockDiamond 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 owns 80% of the…

Paul Ausick · 14 years ago

Forecast Prices for Ag Commodities Fall

thinkstockA previous forecast price for corn of $9 a bushel was lowered by $0.75 following last week’s U.S. Department of Agriculture’s (USDA) most recept World Agricultural Supply and Demand Estimates (WASDE). The USDA now…

Paul Ausick · 14 years ago

Metals Merger in Time of Weakness (TIE, PCP)

ThinkstockTitanium Metals Corp. (NYSE: TIE) was not the most well known metals outfit out there with its $2 billion market value. Now the company is being acquired in a $2.9 billion buyout from Precision Castparts…

Jon C. Ogg · 14 years ago