Reuters:Â Baclays (BCS) sold BCI to Blackrock (BLK) for $13.3 billion Reuters:Â Â WHO declared a flu epidemic Reuters:Â Â Congress bash Fed, Treasury, and B of A (BAC) on Merrill Reuters:Â Â US is…
Markets in Asia rallied sharply and oil stocks moved up as crude hit $71. The Nikkei rose 2.1% to 9,991. The Hang Seng was up 3.3% to 18,660. Petrochina (PTR) and CNOOC…
The developed countries are beginning to view China as one large vulture fund which bankrolls companies that it controls to buy up key overseas asset at prices undermined by the recession. The…
Douglas A. McIntyre Reuters:Â Â Rio Tinto (RTP) has killed a deal with Chinalco for one with BHP (BHP). Reuters:Â Â US regulators insisted JP Morgan (JPM) and Amex (AXP) raise money to exit the TARP. Reuters:Â Â …
The deal between China’s government-owned aluminum company, Chinalco, and Rio Tinto plc (NYSE: RTP), in which Rio gets $19.5 billion and Chinalco gets a larger stake in Rio may be changing. There…
Douglas A. McIntyre These are ten of the top analyst upgrades and downgrades we have seen from Wall Street early this Thursday morning: BHP Billiton (BHP) Started as Outperform at RBC. Costco (COST) Cut to…
The FT reports that contracts between some large coal producers and steel and power companies show coal prices falling by as much as 60% Australia’s BHP Billiton Ltd. (NYSE:BHP) and Japan’s Mitsubishi…
Douglas A. McIntyre These are the top pre-market analyst upgrades and downgrades we have seen with just about two hours until the market opens this Monday morning: Agilent (A) Raised to Outperform at Credit Suisse.…
When China’s government-owned aluminum company Chinalco agreed to pay $19.5 billion for an additional 9% of Rio Tinto plc (NYSE:RTP), the deal already faced a couple of problems. The biggest was the…
Douglas A. McIntyre The Chinese government-controlled mining and metals company Chinalco is putting $19.5 billion into publicly traded peer Rio Tinto (TRP). A billion dollars of the cash will go to buying back a piece…
The Baltic Dry Index is rising from a low in December 2008 of about 660 (essentially zero) to about 1800 (only a little better) now, and the rise is producing a glimmer…
According to Reuters, Motorola (MOT) is betting much of its future on the Google (GOOG) Android phone system. Reuters reports that car sales hit a 27-year low. Reuters reports that Obama plans…
These are some of Tuesday morning’s top pre-market upgrades and downgrades we have seen from Wall Street analysts with more than two hours until the open: BJ’s Wholesale (NYSE: BJ) Raised to…
According to Reuters, Bank of America (BAC) and Merrill Lynch did agree on a bonus package for employees before the merger. There had been questions about the approval. Reuters reports that January…
These are some of the top pre-market analyst downgrades and negative calls from Wall Street we have seen early this Monday morning with more than two and a half hours to the…
