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Techs Take Markets Higher
Thursday, December 16, 2010 - 3:11pm | 227Led by rallying technology stocks, Wall Street turned solidly positive Thursday afternoon as the markets look to recapture Wednesday's minor losses. Today's Markets As of 12:58 p.m. ET, the Dow Jones Industrial Average rose 56.27 points, or 0.49%, to 11513.67, the Standard & Poor's 500 gained 8...
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Mad Money Lightning Round: Cramer Advises Investors To Buy Alcoa (TTWO, BBY, MOTR, AA, NG, FGP, NRGY)
Thursday, December 16, 2010 - 5:05am | 235On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Take-Two Interactive (NASDAQ: TTWO) is a “bad stock and I'm a seller. Best Buy (NYSE: BBY) said that video games were bad. I want you to sell it." For Motricity (NASDAQ: MOTR), he said, "I've been holding off waiting for a...
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Rio Tinto: Massive Investment Plans - Analyst Blog
Wednesday, December 15, 2010 - 4:00pm | 415Rio Tinto Plc. (RIO) decided to invest $758 million in the AP60 plant in Saguenay-Lac-Saint-Jean, Quebec to enhance its production at a reduced cost. Further, an investment of $300 million has been declared for erecting a Kitimat smelter in British Columbia The former amount will increase...
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Rio Tinto: Massive Investment Plans - Analyst Blog
Wednesday, December 15, 2010 - 3:40pm | 415Rio Tinto Plc. (RIO) decided to invest $758 million in the AP60 plant in Saguenay-Lac-Saint-Jean, Quebec to enhance its production at a reduced cost. Further, an investment of $300 million has been declared for erecting a Kitimat smelter in British Columbia The former amount will increase...
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UBS Downgrades KALU To Neutral
Tuesday, December 14, 2010 - 8:38am | 50Analysts at UBS downgrade Kaiser Aluminum Corp (NASDAQ: KALU) from "buy" to "neutral." The target price for KALU has been raised from $50 to $54. KALU's shares lost 1.39% to close at $50.98 yesterday. More Analyst Ratings here
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10 Best Dow Dividend Stocks for 2011
Monday, December 13, 2010 - 11:58am | 312(TheStreet) -- Pimco, the bond-fund manager that has predicted the next five years would be a "new normal" of slow economic growth and below-average investment returns, last week boosted its 2011 economic-growth forecast by a full percentage point. Pimco's new normal, coined last year after the...
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Rio Tinto Increases Ivanhoe Stake - Analyst Blog
Thursday, December 9, 2010 - 7:03pm | 474One of the leading mining companies of the world, Rio Tinto Plc. (RIO) increased its stake in Ivanhoe Mines Ltd. (IVN) from 35.0% to 49.0% in order to directly manage the Oyu Tolgoi project. Rio Tinto acquired 20 million shares in Ivanhoe Mines by exercising its remaining warrants and...
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Rio Tinto Increases Ivanhoe Stake - Analyst Blog
Thursday, December 9, 2010 - 6:44pm | 474One of the leading mining companies of the world, Rio Tinto Plc. (RIO) increased its stake in Ivanhoe Mines Ltd. (IVN) from 35.0% to 49.0% in order to directly manage the Oyu Tolgoi project. Rio Tinto acquired 20 million shares in Ivanhoe Mines by exercising its remaining warrants and...
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Ball Corp to Buy Aerocan - Analyst Blog
Thursday, December 9, 2010 - 6:03pm | 820Ball Corporation (BLL) announced the acquisition of Aerocan, a European manufacturer of aluminum aerosol cans and bottles, for approximately 221 million euros ($292.1 million) from Barclays Private Equity, including assumption of debt and other liabilities. The company expects the after-tax...
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Ball Corp to Buy Aerocan - Analyst Blog
Thursday, December 9, 2010 - 5:43pm | 820Ball Corporation (BLL) announced the acquisition of Aerocan, a European manufacturer of aluminum aerosol cans and bottles, for approximately 221 million euros ($292.1 million) from Barclays Private Equity, including assumption of debt and other liabilities. The company expects the after-tax...
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Benzinga's Top Upgrades (FMCN, AWC, GT, WAG)
Thursday, December 9, 2010 - 9:02am | 132Focus Media Holding Limited (NASDAQ: FMCN) was upgraded by Goldman Sachs from "neutral" to "buy." FMCN's shares closed at $22.23 yesterday. Focus Media's PEG ratio is 1.01. RBS upgrade Alumina Ltd (NYSE: AWC) from "hold" to "buy." AWC's shares closed at $8.37 yesterday. Alumina's trailing-twelve-...
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RBS Upgrades AWC To Buy
Thursday, December 9, 2010 - 8:53am | 39Analysts at RBS upgrade Alumina Limited (NYSE: AWC) from "hold" to "buy." AWC's shares lost 0.24% to close at $8.37 yesterday. More Analyst Ratings here
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Olivier Jarrault Named President of Alcoa Engineered Products and Solutions
Wednesday, December 8, 2010 - 11:29am | 46Alcoa (NYSE: AA) announced today that Olivier Jarrault, currently Chief Operating Officer, Alcoa Engineered Products and Building Systems, has been named president of Alcoa Engineered Products and Solutions, succeeding William F. (Bill) Christopher, who will retire effective April 1.
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Rio Tinto, Chinalco Form JV - Analyst Blog
Monday, December 6, 2010 - 5:30pm | 560Rio Tinto Plc (RIO) and Aluminum Corporation of China Limited – Chinalco (ACH) have formed a joint venture, which will become active by fiscal 2011, in order to explore mineral deposits in China. Rio Tinto will have 49% share while Chinalco will own the balance. Rio Tinto also extended its...
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Rio Tinto, Chinalco Form JV - Analyst Blog
Monday, December 6, 2010 - 5:13pm | 560Rio Tinto Plc (RIO) and Aluminum Corporation of China Limited – Chinalco (ACH) have formed a joint venture, which will become active by fiscal 2011, in order to explore mineral deposits in China. Rio Tinto will have 49% share while Chinalco will own the balance. Rio Tinto also extended its...