Alcoa Earnings: Less-Bad Than Expected
Alcoa Inc. (NYSE: AA) is generally thought of the company that kicks off the trends of earnings season. The reality and perception of this may be up for debate, but nonetheless Alcoa is a…
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Newest first · Page 78Alcoa and the Sum of its Parts
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 Billiton plc (NYSE: BHP)…
Drought Be Damned: First Results in for ‘Tolerant’ Corn
Farmers were panicking this summer, dealing with the worst drought to hit the US in five decades, but from this disaster progress is blossoming in the form of a drought-tolerant corn seed and a…
Global Food Prices Rise
The United Nations Food and Agriculture Organization (FAO) reported this morning that its global food price index rose to 216 in September, up 1.4% (3 points) from August. The rise is attributed to higher…
Monsanto’s Revenues Fall, Forecast Weak
Monsanto Co. (NYSE: MON) reported a fiscal fourth-quarter 2012 adjusted diluted earnings per share (EPS) loss of $0.44 on revenue of $2.1 billion. In the same period a year ago, the fertilizer and seed…
Chilean Miner Loses Lithium Concession (SQM)
Chemical & Mining Co. of Chile Inc. (NYSE: SQM) or Sociedad Quimica y Minera de Chile SA, has lost its 20-year concession to produce lithium awarded recently through a public tender from the Chilean…
Canadian Miner Plummets After New Mine Permit Denied
Vancouver-based Pacific Booker Minerals Inc. (NYSEMKT: PBM) has been denied permission to develop a mine in British Columbia, and the stock price is plummeting on the news. The provincial government of B.C., for only…
Mosaic Stumbles on Weak Demand for Phosphates
Mosaic Co. (NYSE: MOS) reported fiscal first quarter 2013 diluted adjusted earnings per share (EPS) of $1.03 on revenue of $2.5 billion. In the same period a year ago, the fertilizer maker reported diluted…
Xstrata Board OKs Glencore Offer — with Changes
The board of directors of mining company Xstrata has recommended that shareholders accept the most recent offer from commodities trading house Glencore International. The offer includes an exchange of 3.05 shares of Glencore stock…
Gold Miners Not Sharing in the Wealth
The price of gold has risen by about $200 an ounce since the end of June and has scored about half that gain since the first of September. The yellow metal is on its…
Steel Industry Outlook Turns Negative
Saying that demand will be soft and prices will be low, Moody’s today changed its outlook for the U.S. steel industry to ‘negative’, indicating that conditions in the steel business will get worse over…
Potash Corp. Mine Fire Traps Workers
(Due to a publishing format issue, this story was republished from 1:00 PM EST) Potash Corp. of Saskatchewan, Inc. (NYSE: POT) is seeing its shares hold up rather well compared to a few headlines…
Corn Prices Tumbling
From a mid-August peak of a record $8.49 a bushel, corn December futures have fallen to around $7.40 a bushel today. The spread between corn for December 2012 delivery and March 2013 delivery has…
BofA/Merrill Lynch Outlines Secular Trend to $3,000 Gold (GLD, SGOL, GFI, DRD, AU, SLV, SLW)
It had been a while since the real gold bugs got to make their endlessly higher calls, but the latest surge ahead of and after QE3 in gold, silver and other inflation-hedging and monetary…
Dallas Fed Shows Input Costs Rise Handily in September Texas Manufacturing Outlook
The Dallas Federal Reserve showed that the Texas Manufacturing Outlook Survey showed an increase for the month of September. Today’s gain was to 10.0 from 6.4 in August and that suggests stronger output growth…