-
Anadarko Petroleum Adding To Gains (APC)
Friday, December 31, 2010 - 4:24pm | 92Anadarko Petroleum Corporation (NYSE: APC) is continuing yesterday's gains, up $1.10 to $76.69, a gain of 1.5%. Yesterday, the company was reported as being the potential takeover target of BHP Billiton (NYSE: BHP) at a reported cost of $90 per share. The report first appeared in the U.K.'s...
-
Rare Earth Names Lower On Last Day of 2010 (SHZ, MCP, XING, REE)
Friday, December 31, 2010 - 10:55am | 108The rare earth names are lower on the last day of 2010, as traders continue to take profits after huge run ups. China Shen Zhou Mining & Resources Inc. (AMEX: SHZ) is down 4.5% this morning to $7.64, a loss of 36 cents. Qiao Xing Universal Resources, Inc. (NASDAQ: XING) is dropping 5.6% to $2....
-
PolyMet Reorganizes Board
Friday, December 31, 2010 - 10:23am | 82PolyMet Mining Corp.(NYSE: PLM) announced today changes to its Board to take effect today. Mr. William Murray is stepping down as Executive Chairman of the Board, but will continue to serve as an active, non-management director. Separately, Mr. George Molyviatis is resigning from the Board for...
-
Anadarko Petroleum Active In Pre-Market (APC)
Friday, December 31, 2010 - 10:20am | 97Anadarko Petroleum Corporation (NYSE: APC) is active in pre-market, as it's traded 65,000 shares already. Yesterday, the Daily Mail reported that BHP Billiton (NYSE: BHP) could be preparing a deal for the oil & gas company at $90 per share. Anadarko potentially makes sense for BHP as it's not...
-
China Shen Zhou Mining & Resources Plummeting (SHZ)
Thursday, December 30, 2010 - 4:54pm | 84China Shen Zhou Mining & Resources Inc. (NYSE: SHZ) is dropping sharply today, after having gained more than 66% yesterday on tremendous volume. The huge move came yesterday because China announced it was cutting its rare Earth exports more than anticipated. At last check, shares of SHZ were...
-
China Natural Resources Reports Interim Results of Operations
Thursday, December 30, 2010 - 4:27pm | 55HONG KONG, Dec. 30, 2010 /PRNewswire-FirstCall/ -- CHINA NATURAL RESOURCES, INC. (Nasdaq: CHNR), a company based in the People's Republic of China, today released unaudited interim financial information for the three and six months ended June 30, 2010 as follows: Diluted EPS for 3 months of $0.14...
-
ETFs For BHP/Anadarko Rumors
Thursday, December 30, 2010 - 3:47pm | 352This year has already been busy in terms of M&A activity in the enegy sector and 2011 could be just as busy if not more so with $90 billion in global energy assets up for sale, according to a recent Financial Times article. That sum does not include Anadarko Petroleum (NSYE: APC), the Texas-...
-
Anadarko Petroleum Hits 52-Week High On Takeover Rumors (APC, BHP)
Thursday, December 30, 2010 - 3:20pm | 181Shares of Anadarko Petroleum Corporation (NYSE: APC) are currently up 7% at $75.69 per share during Thursday afternoon trading. The stock is trading higher on rumors that BHP Billiton Limited (NYSE: BHP) is interested in buying the company. Today's trading range for shares of Anadarko Petroleum...
-
What's Hot on TheStreet
Thursday, December 30, 2010 - 3:16pm | 302Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Retail M&A: 17 Possible Deals in 2011 Retail M&A interest resurfaced in 2010, with some big deals actually getting done up until the very last days of the year. The private-equity buyouts of J.Crew (NYSE...
-
What's Hot on TheStreet
Thursday, December 30, 2010 - 3:16pm | 302Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Retail M&A: 17 Possible Deals in 2011 Retail M&A interest resurfaced in 2010, with some big deals actually getting done up until the very last days of the year. The private-equity buyouts of J.Crew (NYSE...
-
Anadarko Shares Surge on BHP Takeover Rumors
Thursday, December 30, 2010 - 2:55pm | 34Shares of Anadarko Petroleum surged to a 30-month high Thursday after news hit again that BHP Billiton (NYSE: BHP) is constructing a takeover bid.
-
Every Year it is Something; This Year it's Rare Earths
Thursday, December 30, 2010 - 1:45pm | 937Usually during holiday trading there is some nonsense sector that gets bid to the stratosphere by the daytrading community only to come crashing down to earth a few months later. It could be biotechnology stocks with no revenue, it could be Chinese solar stocks, it could be dry bulk shippers, it...
-
China Shen Zhou Mining Down 13% (SHZ)
Thursday, December 30, 2010 - 12:29pm | 76After yesterday's meteoric rise, shares of China Shen Zhou Mining & Resources (AMEX: SHZ) are falling precipitously on Thursday. The stock had traded more than 40% higher on Wednesday on news that China was cutting its rare earth element export quotas. SHZ is clearly being hit by profit taking...
-
Calls Purchased on General Moly (GMO)
Thursday, December 30, 2010 - 11:57am | 134Shares of General Moly (AMEX: GMO) are lower on the session by 3.86%, currently trading at $6.73. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. Though...
-
Company News for December 30, 2010 - Corporate Summary
Thursday, December 30, 2010 - 11:03am | 694• BHP Billiton (NYSE:BHP) plans to offer a price of $90 per share for Anadarko (NYSE:APC) • Lockheed Martin (NYSE:LMT) was awarded a Navy contract yesterday to build 10 warships known as Littoral Combat Ships, between now and 2015 worth up to $3.6 billion • Susquehanna increased its target price...