Sony (NYSE: SNE) says it will eliminate 10,000 jobs and retool the company for growth. (Reuters) Exports from Japan improve. (Reuters) The Fed’s Beige Book reports concern about energy costs. (Reuters) The World…
Markets opened lower this morning but managed to recover fairly quickly following a report on robust manufacturing growth (our coverage here). The report on construction spending came in weaker than expected (our…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday. Some of these calls are moving the shares this morning. Amazon.com, Inc.…
UK-based mining giant Rio Tinto plc (NYSE: RIO) is mulling over the idea of shedding its diamond mining and production operations. The company’s review follows by two weeks reports that another mining…
The projected slowdown in China’s GDP growth to 7.5% in 2012 has dampened demand for steel. Steel prices are flattening out and the result is that investors are seeing a drop in…
A few weeks ago Rio Tinto plc (NYSE: RIO) wrote down $9 billion on the value of its aluminum division, BHP Billiton plc (NYSE: BHP) cancelled its plans to to build a…
The world’s largest mining company, BHP Billiton plc (NYSE: BHP), is cancelling its plans to build a new aluminum smelter in Congo. Not only that, but BHP could be trying to sell…
One of the world’s largest mining companies, Rio Tinto plc (NYSE: RIO) saw its profits fall by 59% in 2011, almost entirely due to a $9.3 billion impairment charge on its aluminum…
Last week’s announced $88 billion merger of Glencore International AG (OTC: GLNCY) and Xstrata plc (OTC: XSRAY) has been on the back burner for a long time. Perhaps the biggest reason for…
Less than a week following an arbitrator’s decision in its favor, Rio Tinto plc (NYSE: RIO) has acquired an additional 2% of the shares of Canadian miner Ivanhoe Mines Ltd. (NYSE: IVN)…
Paul Ausick About a month ago, Canadian miner Ivanhoe Mines Ltd. (NYSE: IVN) lost an arbitration decision that would have prevented mining giant Rio Tinto plc (NYSE: RIO) from adding to its 49% stake…
Paul Ausick From a high in February 2011 of about $4.60/pound, copper prices have fallen more than $1/pound to around $3.43/pound today. Prices have fallen for the past two days, primarily on fears that…
Rio Tinto plc (NYSE: RIO) stands to complete its offer a junior uranium miner with the withdrawal of Cameco Corp. (NYSE: CCJ) from the bidding for Hathor Exploration Ltd. (OTC: HTHXF). A…
Mining giant Rio Tinto plc (NYSE: RIO) will apparently win the bidding war it’s been waging with Cameco Corp. (NYSE: CCJ) over Canadian uranium miner Hathor Exploration Ltd. (OTC: HTHXF). Cameco has…
For several months now, the world’s largest mining firms have been re-affirming that their businesses are solid and that demand has remained solid. Now, though, the veneer may be cracking. Both Rio…
