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Peabody Trims Macarthur Bid
Monday, May 10, 2010 - 5:16am | 166Peabody Coal (NYSE: BTU), the largest U.S. coal producer, pared its buyout offer for Australia's Macarthur Coal due to a proposed 40% tax increase on mining firms operating in Australia by that country's government. Peabody has lowered its bid to $3.4 billion from $3.8 billion, in theory making the...
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Top Performing Industries For May 7 (ACH, KFT, YZC, CQP, DAL)
Friday, May 7, 2010 - 2:35pm | 278At 2:04 pm, Dow lost 87.29 points or 0.83%, to 10,427.14, while the broader Standard & Poor's 500 index fell 10.18 points or 0.90%. The Nasdaq composite index has also slipped 38.15 points or 1.64%. The industries that are helping the market keep afloat today are: Aluminum: The top gainer of...
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Tax Plan Not Keeping Peabody Away From Macarthur
Thursday, May 6, 2010 - 3:41am | 172Peabody Energy (NYSE: BTU), the largest U.S. coal producer, is still pursuing an acquisition of Macarthur Coal despite Australia's plan to raise taxes on mining firms operating there by 40%. Macarthur, the world's largest maker of pulverized coal for steel producers, would be subject to the tax...
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Benzinga’s Top Upgrades (ESE, AMMD, DTSI, KOPN, CCJ)
Wednesday, May 5, 2010 - 9:42am | 184ESCO Technologies Inc (NYSE: ESE) was upgraded by Ardour Capital from “hold” to “accumulate.” ESE’s shares closed at $28.75 yesterday. ESE’s shares have lost 19.60% year-to-date. Stifel Nicolaus upgraded American Medical Systems Holdings Inc (NASDAQ: AMMD) from “hold” to “buy.” AMMD’s shares closed...
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Massey Board Scrutinizes Company Management (MEE)
Tuesday, May 4, 2010 - 6:17pm | 147Massey Energy Co.’s (NYSE: MEE) board is probing the company management’s handling of federal safety violations over the past two years. Massey’s (MEE) lead independent director, Bobby R. Inman said that the directors initiated their investigation after last month’s mining accident. According to...
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Stock Market News for May 4, 2010 - Market News
Tuesday, May 4, 2010 - 9:30am | 481U.S. stocks rallied Monday, helped by a number of positive economic data and reports that European leaders and the International Monetary Fund had agreed to an aid plan worth about $146 billion for Greece. United Airlines’ plans to acquire Continental in a $3 billion all-stock deal also encouraged...
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Mad Money Lightning Round: Jim Likes TQNT, TLAB, RFMD
Tuesday, May 4, 2010 - 8:41am | 195In his "Mad Money Lightning Round," Jim Cramer said that he likes Triquint (NASDAQ: TQNT), Tellabs (NASDAQ: TLAB) and RF Micro Devices (NASDAQ: RFMD) as these stocks are part of the mobile internet story these days. TQNT gained 1.30%, while TLAB and RFMD lost 2.49% and 0.34%, respectively, in the...
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Jefferies & Company Inc. Maintains Buy Rating For James River Coal Co. (JRCC)
Monday, May 3, 2010 - 4:08pm | 110Analyst Michael Dudas at Jefferies & Company Inc. has released an update on James River Coal Co. (NASDAQ: JRCC). The company reported its first-quarter results on Friday. James River reported first-quarter EPS of $0.84, which was well ahead of Jefferies’ estimate of $0.55 and consensus of $0....
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Bookkeeping: Closing Bucyrus (BUCY) and Alpha Natural Resources (ANR)
Monday, May 3, 2010 - 9:48am | 755Well apparently I caught the "coal train" much too late this year, unlike 2007 when I was early. The coal stocks and 'related fare' have had a few rough weeks... as of late last week both Alpha Natural Resources (ANR) and mining equipment maker Bucyrus (BUCY) had broken support on their charts,...
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A Norwegian Fishery ETF After All?
Monday, May 3, 2010 - 8:03am | 681Well close anyway. One of the quirky little niches I've written about before is Norwegian fisheries, there are five or six of them (that I was able to find) and have made reference to this little group several time in the last couple of years. Fish and all that goes with it will play some role in...
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Jefferies & Company Lowers Price Target For Consol Energy (CNX)
Friday, April 30, 2010 - 4:28pm | 92Analyst Michael Dudas at Jefferies & Company Inc. has released an update on Consol Energy (NYSE: CNX). The company reported its first-quarter results on Thursday. Consol Energy reported solid a first-quarter, with better met coal pricing and volumes. According to Jefferies, investor interest...
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Market Roundup (MEE, MSFT, BP, WYNN, VALE, FRO)
Friday, April 30, 2010 - 2:10pm | 272The daughter of one of the victims of the Upper Big Branch mine disaster said that Massey Energy (NYSE: MEE) is offering $3 million in settlement to each of the families of the 29 miners killed. National Public Radio (NPR) had announced that the FBI is investigating possible bribing of regulators...
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Benzinga’s Top Pre-Market Gainers (APKT, CSTR, PWER, CSUN, JRCC)
Friday, April 30, 2010 - 9:01am | 145Acme Packet, Inc (NASDAQ: APKT) soared 27.20% to $26.80 in the pre-market session. APKT’s Q1 results exceeded the Wall Street expectations. Coinstar, Inc (NASDAQ: CSTR) added 21.70% to $46.50 in pre-market trading. CSTR posted more-than-expected Q1 earnings. Power-One, Inc (NASDAQ: PWER) climbed 20...
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2010 Fund Performance Period 4
Wednesday, April 28, 2010 - 3:57pm | 2893The mutual fund is now on schedule for a [late] summer 2010 launch. If, after reading the blog content you might have an interest in participation, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story...
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Mystery Surrounds Explosion At Massey’s (MEE) Mine
Monday, April 26, 2010 - 3:43pm | 118Stanley Suboleski , a director at Massey Energy Co. (NYSE: MEE), has issued a statement at a news conference on Monday that everything was fine at the start of the shift at its mine in West Virginia on April 5. The air samples did not show high level of explosive gases and air flow was fine. 29...