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Army Recycles Over Six Million Pounds of Steel Containers That Held Chemical Weapons
Thursday, July 28, 2011 - 5:05am | 54When the U.S. Army began to decontaminate the 4,307 ton containers (TC) which stored chemical weapons at its Pine Bluff Arsenal in Arkansas in September 2003, it realized rinsing the TCs wasn't working. To rinse all of the TCs would require 660,000 gallons of liquid. The U.S. Army Chemical...
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Mad Money Lightning Round: Cramer Likes Freeport-McMoRan
Thursday, July 28, 2011 - 4:31am | 227On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Alcoa (NYSE: AA) is an “undervalued company that's running on multiple cylinders. It's cheap." Cramer believes that Walter Industries (NYSE: WLT) “wants to bring out value; so it might be a takeover target. I like it." For...
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BMO Provides Color on Rubicon Minerals
Thursday, July 28, 2011 - 3:19am | 127BMO provided color on Rubicon Minerals (NYSE: RBY). In a research report published today, BMO commented on Agnico Eagle's (NYSE: AEM) purchase of a stake in the company. In the report, BMO states, “Rubicon announced that Agnico-Eagle (AEM-NYSE; AEM-TSX) has agreed to purchase 21.7M RMX shares at...
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Commodities Stocks Melt On Stronger Dollar
Wednesday, July 27, 2011 - 11:00am | 161The U.S. Dollar Index futures (DX U1) are trading higher this morning by 0.37 cents to $74.01 per contract. As we all know by now, when the U.S. Dollar Index trades higher the leading commodity and energy stocks will usually come under selling pressure. The opposite effect will usually happen when...
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Horsehead Holding Corp. Announces Exercise in Full by Initial Purchasers of Option to Purchase Additional Convertible Notes and Closing of Offering of $100 Million of Convertible Notes
Wednesday, July 27, 2011 - 10:42am | 118Horsehead Holding Corp. (Nasdaq: ZINC) today announced that the initial purchasers in the Company's previously-announced private placement offering of convertible senior notes due 2017 have fully-exercised their option to purchase up to an additional $20,000,000 in aggregate principal amount of...
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General Moly Announces Strong Support for Mt. Hope Project
Wednesday, July 27, 2011 - 8:33am | 100General Moly, Inc. (NYSE: GMO) announced the results of an independent poll of residents in Eureka and surrounding counties commissioned by the Company showed overwhelming support for the Mt. Hope project. Bruce D. Hansen, Chief Executive Officer, said, “The results of this survey indicate that...
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Rare Earth Plays Will Make You Rich
Tuesday, July 26, 2011 - 1:04pm | 265Rare earth stocks are soaring today, lead by Molycorp, Inc. (NYSE: MCP), trading at $64.47, +4.62 (+7.72%). This monster move higher is due to three factors. The first is the continued fear over a Chinese monopoly on rare earth, the second is due to future demand of rare metals used to create...
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Newmont Mining Corporation Earnings Preview: Analysts Expect Rising Revenue, Falling EPS Over Previous Quarter
Tuesday, July 26, 2011 - 11:57am | 520Newmont Mining Corporation (NYSE: NEM) unveils its next round of earnings this Friday, July 29, 2011. Here's Benzinga's advanced look at Newmont Mining's second quarter earnings report. Earnings and Revenue: Analysts are predicting an EPS reading of 98 cents per share and revenues of $2.49...
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Global Mining Strikes Threaten Commodity Prices
Tuesday, July 26, 2011 - 11:35am | 123Mine workers across three continents are striking over pay, disrupting production as near-record prices for coal, copper and gold boost profit at BHP Billiton (NYSE: BHP), Xstrata (XSRAY) and Anglo American (AAUKY). BHP workers voted yesterday to extend their strike at the Escondida copper mine in...
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Medtronic Resolute Drug-Eluting Stent Shows Superiority to Taxus® DES in Study of Patients with Coronary Artery Disease
Monday, July 25, 2011 - 2:31pm | 219The Resolute® drug-eluting stent (DES) from Medtronic, Inc. (NYSE: MDT), showed superiority to Boston Scientific Corp.'s Taxus® DES on the primary endpoint of the RESOLUTE Japan clinical study: in-stent late lumen loss at eight months. The primary endpoint of RESOLUTE Japan compared 100 patients...
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Companies Trading Lower After Releasing Earnings
Friday, July 22, 2011 - 11:18am | 116Avid Tech (NASDAQ: AVID) is trading down over 20% after releasing Q2 earnings. StanCorp Financial Group (NYSE: SFG) is trading down over 14% after releasing Q2 earnings. AMCOL International (NYSE: ACO) is trading down nearly 13% after releasing Q2 earnings. Healthways (NASDAQ: HWAY) is trading...
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Waiting To Exhale
Friday, July 22, 2011 - 10:35am | 274Once again, as soon as the U.S. Dollar Index futures begin to trade higher the major stock indexes deflate and retreat quickly. This inverse relationship between the U.S. Dollar Index and the major stock indexes has been going over for about 10 years now. From time to time, the inverse correlation...
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JP Morgan Raises FCX PT To $74
Friday, July 22, 2011 - 8:41am | 105JP Morgan has issued a report raising the Price Target on Freeport-McMoRan Copper & Gold (NYSE: FCX) from $72 to $74 a share. According to the report, "We are increasing our estimates for FCX and price target to $74 largely to reflect our metal strategist's higher gold price forecasts. We...
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JP Morgan Raises PT on Freeport-McMoRan To $74
Friday, July 22, 2011 - 7:25am | 26JP Morgan has raised the price target on Freeport-McMoRan (NYSE: FCX) from $72 to $74 and maintains its Overweight rating.
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Earnings Scheduled For July 22
Friday, July 22, 2011 - 4:34am | 353General Electric Co (NYSE: GE) is expected to report its Q2 EPS at $0.32 on revenue of $34.72 billion. Schlumberger NV (NYSE: SLB) is projected to report its Q2 EPS at $0.85 on revenue of $9.17 billion. Verizon Communications Inc (NYSE: VZ) is estimated to report its Q2 EPS at $0.55 on revenue of...