Shares in BHP Billiton (BHP) and Rio Tinto (RTP) both lost over 10% of their market caps in Europe trading today. For BHP that is almost $18 billion and for RTP is…
Douglas A. McIntyre Markets in Europe were down significantly at 7.20 AM The FTSE fell 4.9% to 5,613. BHP Billiton (BHP) was off 7.5% to 1275. BT (BT) was off 5% to 262. The DAXX…
According to Reuters, BHP Billiton (BHP) is lining up more bank financing in its bid to buy Rio Tinto (RTP). Reuters writes that the GE (GE) jet engine backlog in China has…
Rio Tinto (NYSE:RTP) could take a sweetened bid from miner BHP Billiton (NYSE:BHP). Up until now, RTP have told investors that a deal is not possible. Rio Tinto’s shareholders are probably exerting…
Douglas A. McIntyre Markets in Europe were up modestly at 7.10 AM. The FTSE rose 1.4% to 5,982. BT (BT) was up 2% to 280.75. BHP Billiton (BHP) rose 1.9% to 1375. The DAXX was…
Markets in Europe were sharply lower at 7.20 AM Eastern time The FTSE fell 1.6% to 5,930. BHP Billiton (BHP) was off 4.8% to 1413. Diageo was up 1.7% to 1014. The…
Markets in Europe were mixed at 6.50 AM New York time. The FTSE was up .7% to 6,525. BP (BP) was up 1.5% to 645. BHP Billiton (BHP) was up 2.9% to…
Markets in Europe were mixed at 7.20 AM New York time The FTSE fell .5% to 6,444. Barclays (BCS) was down 1.1% to 501. BHP Billiton (BHP) was down 1.1% to 1544.…
As a huge consumer of metals, China does not want to see a merger between Rio Tinto (RTP) and BHP Billiton (BHP). The new company might have too much leverage in raising…
Douglas A. McIntyre Markets in Europe were down at 6.30 AM The FTSE was down 1.2% to 6,319. BHP Billiton (BHP) was off 2.6% to 1505. Vodafone (VOD) was off 1% to 181.4. The DAXX…
Markets in Europe were mixed at 6.20 AM New York time. The FTSE was off .2% to 6,353. Northern Rock was up 9.3% to 94. BHP Billiton (BHP) was down 1.7% to…
Markets in Europe were down sharply at 6 AM New York time. The FTSE fell 1.6% to 6,452. Barclays (BCS) was off 4.7% to 530. BHP Billiton (BHP) was off 3.1% to…
Market in Europe were down at 6.15 AM New York time The FTSE was off .9% to 6,477. Barclays (BCS) was off 3.9% to 535.5. BHP Billiton (BHP) was down 2.9% to…
According to Reuters, the Fed is considering more actions to improve liquidty issues in the economy and announcements could come as early as today. On proposal would include a new liquidity facility…
BHP Billiton (BHP) may not get to buy Rio Tinto (RTP). Blackstone (BX) may beat them too it. According to the Telegraph, Blackstone is gettng together a group which may include an…
