According to Reuters, the former head of UnitedHealth gave up $400 million in stock options to settle chages with the SEC and the company. Reuters writes that the head of Rio Tinto…
Rio Tinto (RTP) has rejected advances from larger rival BHP Billiton (BHP). It claims that BHP’s offer is too low, and, because it is in stock, it carries too much risk. So…
Douglas A. McIntyre According to Reuters, GM (GM) will begin to build hybrid cars in China next year. Reuters writes that BHP Billiton (BHP) is insisting that a merger with Rio Tinto (RTP) will not…
According to Reuters, Richard Branson’s Virgin Group has been picked as the preferred bidder for troubled UK financial company Northern Rock. Reuters writes that Rio Tinto (RTP) rebuffed a bid from BHP…
The Times of London reports that metals company Rio Tinto (RTP) plans an all-out attack against suitor BHP Billiton (BHP). According to the paper "Tom Albanese, Rio’s chief executive, will highlight his…
Douglas A. McIntyre Markets in Europe were lower at 6.15 AM New York time. The FTSE was off .9% to 6,374. BP (BP) was down 1.1% to 693. BHP Billiton (BHP) was off 1.1% to…
Markets in Europe were shaprly higher at 6.25 AM New York time. The FTSE rose 1.4% to 6,453. Barclays (BCS) rose 4% to 548. BHP Billiton (BHP) rose 3.5% to 1646. Vodafone…
Markets in Europe were off slightly at 6 AM New York time. The FTSE fell .3% to 6,321. Barclays (BCS) was up 2.5% to 526. BP (BP) was off 1.9% to 585.…
According to Reuters, BHP Billiton (BHP) will not sell its petroleum division, as had been rumored, to finance a bid for Rio Tinto (RTP). Reuters writes that most of the Hershey (HSY)…
At first, the offer by mining giant BHP Billiton (BHP) to buy Rio Tinto (RTP) looked improbable. The $140 billion price seemed quite rich and offering an all stock arrangement might not…
Markets in Europe were narrowly mixed at 6.15 AM New York time. The FTSE was up .3% to 6,398. BHP Billiton (BHP) was up 3.2% to 1709. BT (BT) was down 1.7%…
According to Reuters, Qualcomm (QCOM) posted weaker that expected guidance and its shares fell sharply. Reuters writes that BHP Billiton’s (BHP) bid for Rio Tinto (RTP) is likely to start a bidding…
Standard & Poors took an already unenthusiastic "Hold" rating on U.K.-based metals giant Rio Tinto (NYSE:RTP) ADR’s down to the beloved "Sell" rating. This was after a 29% pre-market gain in share…
Douglas A. McIntyre BHP Billiton (BHP) has offered to buy rival Rio Tinto (RTP). BHP has a market cap of $230 billion. And Rio’s is $115 billion. Both stocks are moving up on the news.…
BHP Billiton (BHP), the world’s largest miner, offered to buy metals company Rio Tinto (RTP) Quoted at MarketWatch BHP said: "BHP Billiton now confirms that it recently wrote to the board of…
Douglas A. McIntyre 