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Company News for December 21, 2010 - Corporate Summary
Tuesday, December 21, 2010 - 10:36am | 944• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion • Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share • Alpha Natural Resources (NYSE:ANR) has shown interest for Massey Energy (NYSE:MEE) • According to...
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Peabody's New Coal Backup - Analyst Blog
Tuesday, December 21, 2010 - 10:30am | 576Coal producer Peabody Energy Corporation (BTU) signed a deal to avail coal from PT Supra Bara Energi (SBE) in Indonesia. The coal sourced from SBE's mine in East Kalimantan will be exported to customers located in the Asian Pacific Rim through Peabody's COALTRADE international Singapore trading...
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Alpha Natural Bids For Massey Energy (MEE, ANR)
Tuesday, December 21, 2010 - 10:02am | 133Alpha Natural Resources (NYSE: ANR) has offered to buy Massey Energy (NYSE: MEE) according to the Wall Street Journal, which cited members of Massey Energy's board. ArcelorMittal (NYSE: MT) had also expressed interest in Massey, bu ultimately decided not to bid on the company. The company is still...
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Company News for December 21, 2010 - Corporate Summary
Tuesday, December 21, 2010 - 10:02am | 944• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion • Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share • Alpha Natural Resources (NYSE:ANR) has shown interest for Massey Energy (NYSE:MEE) • According to...
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Peabody Energy Sings Long-Term Coal Sourcing Agreement Accessing Indonesian Coal
Monday, December 20, 2010 - 12:13pm | 64Peabody Energy (NYSE: BTU) today said it has entered into an agreement to source coal from PT Supra Bara Energi, which will be sold on the export market to customers in Asia through Peabody's COALTRADE international Singapore trading hub. Peabody will source several million tons of coal over...
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FBR Capital Upgrades (PCX, CNX, CLD)
Monday, December 20, 2010 - 9:57am | 79FBR Capital upgrades the following companies: Patriot Coal (NYSE: PCX) from Market Perform to Outperform ;and increases its price target from $16 to $21. Consol Energy (NYSE: CNX) from Market Perform to Outperform; and increases its price target from $48 to $61. Cloud Peak Energy (NYSE: CLD) from...
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Merger Arbitrage Mondays – December 20, 2010
Monday, December 20, 2010 - 6:29am | 4823Merger activity increased last week with six new deals announced and five deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2010 133 Total Number of Deals...
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Pay Attention to the Price of Coffee
Friday, December 17, 2010 - 1:02pm | 826Low-quality coffee gets the boot 44% of supply - gone overnight How to invest The world's second most popular beverage (after water) is about to get a whole lot more expensive. I'm talking about coffee...
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International Coal Group Up On Takeover Chatter (IOC)
Friday, December 17, 2010 - 8:45am | 67Shares of International Coal Group (NYSE: ICO) are trading higher this morning after Bloomberg.com reported that Massey Energy (NYSE: MEE) might have interest in the company. Shares of International Coal were last trading at $7.47, up 7% from yesterday's close.
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Eleven For '11: Sector ETFs To Watch In The New Year
Thursday, December 16, 2010 - 3:47pm | 596Continuing with the theme of ETFs to watch in 2011, today the Professor is focussing on 11 non-leveraged sector ETFs that very well could be on the minds of traders in the new year. Some are dividend plays, others are plays on rising commodities prices, but each has a different reason for...
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Top Narrow Based Indexes For December 14 (URRE, MVIS, WGO)
Thursday, December 16, 2010 - 2:41pm | 178By 1:34 pm, the Dow Jones Industrial Average was up 41.63 points, or 0.36%, to 11,499.10, while the broader Standard & Poor's 500 index had gained 6.69 points, or 0.54%. The NASDAQ composite index rose 16.97 points, or 0.65%. Some of the narrow based indexes supporting the markets are Uranium...
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Penn Virginia Adds Coal Reserves - Analyst Blog
Thursday, December 16, 2010 - 1:30pm | 680Penn Virginia Resource Partners L.P. (PVR), through its subsidiary, Penn Virginia Operating Company LLC, has agreed to buy certain mineral rights and royalty interests in associated oil and gas properties in Kentucky and Tennessee from Begley Properties LLC. The company has agreed to pay roughly...
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Penn Virginia Adds Coal Reserves - Analyst Blog
Thursday, December 16, 2010 - 1:15pm | 680Penn Virginia Resource Partners L.P. (PVR), through its subsidiary, Penn Virginia Operating Company LLC, has agreed to buy certain mineral rights and royalty interests in associated oil and gas properties in Kentucky and Tennessee from Begley Properties LLC. The company has agreed to pay roughly...
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BB&T Capital Markets Upgrades CNX To Buy
Thursday, December 16, 2010 - 9:43am | 51Analysts at BB&T Capital Markets upgrade CONSOL Energy Inc (NYSE: CNX) from "hold" to "buy." The target price for CNX is set to $55. CNX's shares lost 0.74% to close at $42.68 yesterday. More Analyst Ratings here
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Industrial Production Up 0.4% - Analyst Blog
Wednesday, December 15, 2010 - 2:03pm | 2331Total Industrial Production was rose 0.4% in November, which was slightly above the expected 0.3% increase. In October, total production fell by 0.2%, reversing a 0.1% increase in September. Relative to a year ago, total Industrial Production is up 5.4%. On the surface, these numbers are solid....