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Massey Energy Restarts Operations at Preparation Plant
Tuesday, November 16, 2010 - 1:06pm | 53Massey Energy Company (NYSE: MEE) today announced that it has restarted operations at its preparation plant in Logan County, WV. The plant, which was destroyed by fire on August 27, 2009, resumed processing coal last week earlier than the December 1, 2010 restart date the Company had previously...
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Fast Money Picks For November 16th (ACI, RTP, NTAP. XLF, TEX)
Monday, November 15, 2010 - 8:21pm | 256Carter Worth said on CNBC's Fast Money that he expects Arch Coal, Inc. (NYSE: ACI) to move 50% higher in the next year. Arch Coal, Inc. (ACI) fell 1.07% today, and closed at $28.79. Tim Seymour thinks that you should keep a short position in Rio Tinto plc (ADR) (NYSE: RIO). Rio Tinto plc (ADR) (RIO...
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Peabody & Massey Could Divest Mines - Analyst Blog
Monday, November 15, 2010 - 2:06pm | 473Coal India Ltd., an Indian state-owned coal company, recently outlined plans to acquire stakes in mines from two U.S. coal companies, Peabody Energy Corporation (BTU) and Massey Energy Company (MEE). Details regarding location of mines and the value of purchase were not disclosed. Coal India,...
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Massey Energy CEO to Speak at the Dahlman Rose Conference
Monday, November 15, 2010 - 11:26am | 39Massey Energy Company (NYSE: MEE) Chairman and CEO Don Blankenship will be speaking at the Dahlman Rose Global Metals, Mining & Materials Conference at 11:00 a.m. on November 17, 2010 in New York City.
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Company News for November 15, 2010 - Corporate Summary
Monday, November 15, 2010 - 10:33am | 805• Caterpillar (NYSE: CAT) announced plans to buy Bucyrus (NASDAQ: BUCY) for $8.6 billion, or $92 per share • EMC (NYSE: EMC) said it plans to buy Isilon (NASDAQ: ISLN) for $33.85 per share, or $2.25 billion • ArcelorMittal (NYSE: MT) said it is interested in buying Massey Energy (NYSE: MEE) • BHP...
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Massey's Board To Decide On Sale Next Week
Monday, November 15, 2010 - 10:10am | 161Massey Energy's (NYSE: MEE) board is expected to meet next week to decide whether to put the largest coal producer in Central Appalachia up for sale. The company has said recently it is considering strategic alternatives, including a possible sale, making an acquisition of its own or just standing...
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ArcelorMittal Considering Massey Buy
Monday, November 15, 2010 - 4:35am | 206ArcelorMittal (NYSE: MT), the world's largest steel producer, may be considering an acquisition of Massey Energy (NYSE: MEE) if the Virginia-based coal producer puts itself up for sale. Massey, the sixth-largest U.S. coal producer, has said in recent weeks that is evaluating strategic options,...
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Unconfirmed Rumor that James River Coal Co. (JRCC) is a takeover target in $26.00 Range ,Rumored name is Peabody Energy Corp. (BTU)
Thursday, November 11, 2010 - 3:14pm | 35Unconfirmed Rumor that James River Coal Co. (JRCC) is a takeover target in $26.00 Range ,Rumored name is Peabody Energy Corp. (BTU).
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Unconfirmed rumors that Arch Coal Inc. (ACI) has outbid CONSOL Energy Inc. (CNX) for Massey Energy Co. (MEE) rumored price mid $50s.
Thursday, November 11, 2010 - 11:29am | 71Unconfirmed rumors that Arch Coal Inc. (ACI) has outbid CONSOL Energy Inc. (CNX) for Massey Energy Co. (MEE) rumored price mid $50s. No comments from (MEE),(CNX),or (ACI)
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Kauffman Poo-Poos ETFs, Everyone Else Says Their Wrong
Thursday, November 11, 2010 - 9:14am | 842First, Happy Veterans Day. If you follow the ETF industry then you know about the recent report from the Kauffman Foundation that took all sorts of shots at ETFs that were then debunked by IndexUniverse here and here and also by ETF Trends. If you rely on ETFs for any meaningful portion of your...
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Profit From Uranium
Wednesday, November 10, 2010 - 1:33pm | 794We use more than we produce And prices are on the rise How to invest today Uranium reactors are coming to a town near you! Okay…maybe they're not going to be moving in down the street. Unless you live in China. That's because China...
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RBC Capital Markets Upgrades (CCJ, HEES)
Tuesday, November 9, 2010 - 12:01pm | 47RBC Capital Markets upgrades the following companies from Sector Perform to Outperform: H&E Equipment Services (NASDAQ: HEES); price target raised from $11 to $14. Cameco (NYSE: CCJ); price target raised from $30 to $45.
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Calls Purchased on USEC Inc. (USU)
Tuesday, November 9, 2010 - 11:31am | 162Shares of USEC Inc. (NYSE: USU) are higher on the session by 7.92%, currently trading at $5.59. The stock has been moving largely sideways over the past six months, though it is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...
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Tuesday's ETF To Watch: Nuclear Energy Fund (NUCL)
Tuesday, November 9, 2010 - 11:17am | 157Companies tied to the nuclear power industry were in focus for much of Monday's trading session, as an upbeat earnings report from bellwether uranium miner Cameco (NYSE: CCJ) helped to boost(...)Read the rest of Tuesday's ETF To Watch: Nuclear Energy Fund (NUCL) Copyright 2010 ETFDAILYNEWS.COM The...
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Short-Term Support in Greenback 11-08-2010
Monday, November 8, 2010 - 8:47pm | 858Cusick's Corner The market got a well deserved weekend after last week's unbelievable amount of data. The market now is digesting some new concerns about potential sovereign debt issues arising again in the EU. Yes, this is a broken record but it has bolstered some short-term support in the...