The deal between Rio Tinto plc (NYSE: RTP) and Japan’s Nippon Steel that cut the Japanese company’s iron ore price by a third does not appear to be acceptable to China’s steelmakers.…
Douglas A. McIntyre UK-based miner Rio Tinto plc (NYSE:RTP) has announced a pricing agreement with Japan’s Nippon Steel for iron ore for the contract year beginning April 1, 2009. The new prices are about 33%…
In the wake of a poor first quarter report, iron ore producer Cliffs Natural Resources Inc. (NYSE:CLF), formerly known as Cleveland-Cliffs, has tightened its belt and the belts of all its shareholders.…
Douglas A. McIntyre Today’s announcement of a merger between Alpha Natural Resources, Inc. (NYSE: ANR) and Foundation Coal Holdings, Inc. (NYSE: FCL) creates the third-largest coal producer in the US. The all-stock deal is worth…
Douglas A. McIntyre These are the top pre-market analyst upgrades and downgrades we have seen early this Tuesday morning with about two hours until the market opens Baidu.com (NASDAQ: BIDU) Started as Buy at Deutsche…
After the market closed on Friday, Cliffs Natural Resources, Inc. (NYSE:CLF) announced that it was closing its Pinnacle Mine in West Virginia for the month of February. About 360 employees "will be…
Two weeks ago, Cliffs Natural Resources (NYSE:CLF) pushed out its shareholder vote on a merger with Alpha Natural Resources (NYSE:ANR) to mid-December. Alpha promptly filed suit, seeking to force Cliffs to stick…
Douglas A. McIntyre These are some of the top analyst downgrades we have seen this Friday morning: Americredit (ACF) Raised to Market Perform at FBR. Cliff’s Natural resources (CLF) Cut to Market Perform at FBR.…
The proposed merger between Cliffs Natural Resources (NYSE:CLF) and Alpha Natural Resources (NYSE:ANR) has run over more than a few bumps. Cliffs’ largest shareholder, Harbinger Capital, tried to acquire enough shares to…
Douglas A. McIntyre Newly-named Cliffs Natural Resources Inc. (NYSE:CLF) is slowing production at two of its Minnesota iron ore mines in order "to bring production in line with demand." Three furnaces capable of producing 300,000…
Douglas A. McIntyre Alpha Natural Resources (NYSE:ANR) has sold its majority interest in lime manufacturing plant in Kentucky and 17.6 million tons of coal that still needs to be mined. The after-tax gain from the…
Douglas A. McIntyre These aren’t all of the upgrades or positive analyst calls we have seen this Wednesday, but these are some of the impact analyst calls we are seeing: BorgWarner (NYSE: BWA) Raised to…
These are not all of the analyst calls out there affecting shares, but these are the top 10 analyst we are focusing on this Monday morning: Anglogold (NYSE: AU) Raised to Buy…
On CNBC’s Stop Trading segment today, Jim Cramer talked with Alexander Goldfarb from UBS about Archstone Smith (ASN) on a potential buyout. An industry newsletter said that Tischman may be in talks…