Jan 27- AK Steel Holding Corp, the fourth-largest U.S. steelmaker by market capitalization, reported a better-than-expected quarterly profit, helped by strong demand from automakers. AK Steel makes flat-rolled carbon, stainless and electrical steels, and tubular products for car makers, industrial and construction companies and utilities.» Read More
Jan 27- Coal miner Peabody Energy Corp reported a smaller quarterly loss, helped by lower operating costs in Australia and the United States. The company's net loss attributable to common stockholders narrowed to $514.6 million, or $1.92 per share, in the fourth quarter ended Dec. 31, from $565.7 million, or $2.12 cents per share, a year earlier.
CHICAGO, Jan 27- Caterpillar Inc on Tuesday reported lower quarterly net profit that missed expectations as lower prices for copper, coal and iron ore hurt mining equipment orders, and warned the recent fall in oil prices would make for a difficult year in 2015.. Chief Executive Officer Doug Oberhelman said without a doubt Caterpillar faces a "tough year in 2015.".
CHICAGO, Jan 27- Construction and mining equipment maker Caterpillar Inc on Tuesday reported a lower net profit that came in below market expectations, as lower prices for copper, coal and iron ore hurt its mining business and warned the drop in oil prices would hurt its business in 2015.. The Peoria, Illinois- based company reported a fourth-quarter net profit of...
CHICAGO, Jan 26- Construction and mining equipment maker Caterpillar Inc on Tuesday reported a lower net profit that came in below market expectations, due primarily to the recent drop in the price of oil and lower prices for copper, coal and iron ore. The Peoria, Illinois- based company reported a fourth-quarter net profit of $757 million, down nearly 25 percent...
Jan 27- Chemicals maker DuPont said it expects to buy back shares up to $4 billion using the dividend from the spinoff of its performance chemicals business. The company also raised its cost reduction target by $300 million to at least $1.3 billion. Net income attributable to DuPont rose to $683 million, or 74 cents per share, in the fourth quarter ended Dec. 31, from...
*Russia added 20.73 tonnes in December-IMF. *Gold price rose in December for first time in five months. SINGAPORE, Jan 27- The Netherlands raised its gold holdings for the first time in 16 years in December, while Russia extended its buying spree of the precious metal to a ninth straight month, data from the International Monetary Fund showed on Tuesday.
Economists may teach that low prices and declining demand encourage producers to decrease supply, but the iron ore industry may have skipped class that day.
Barrick Gold Corp. rose$. 26 or 2.1 percent, to $12.69. Gold Fields Ltd ADS rose$. 13 or 2.4 percent, to $5.50. Newmont Mining Corp. rose$. 34 or 1.4 percent, to $24.49.
Hecla Mining Co. rose$. 02 or. 6 percent, to $3.36. Pan American Silver Corp. rose$. 33 or 3.0 percent, to $11.51. Silver Standard Resources Inc. rose$. 12 or 1.9 percent, to $6.55.
NEW YORK— Shares of some top chemicals companies were mixed at the close of trading:. Dow Chemical Co. fell$. 01 or percent, to $44.56. DuPont Co. rose$. 32 or. 4 percent, to $74.11.
Arch Coal fell$. 03 or 2.8 percent, to $1.04. Consol Energy Inc. rose$. 72 or 2.4 percent, to $31.05. Peabody Energy rose$. 37 or 5.9 percent, to $6.67.
LAKE FOREST, Ill. _ Packaging Corp. of America on Monday reported fourth-quarter earnings of $98.5 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.16 per share. Analysts expected $1.47 billion, according to Zacks.
NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Ocwen Financial Corp., up 56 cents to $6.91. HCA Holdings Inc., up $4.36 to $73.
*Rock-Tenn and MeadWestvaco rally on merger deal. *D.R. Horton up after results, lifting homebuilders. "There was a lot of trepidation in the market going into the Greek election... but by this morning the Syriza win was priced into the market already," said Robert Francello, head of equity trading for Apex Capital in San Francisco.
WASHINGTON, Jan 26- The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward healthcare costs, throwing out a lower-court ruling that favored the former employees who objected to the change. On a unanimous vote, the nine-member court handed a win to M&G Polymers USA, a subsidiary of Italy-...
*Rock-Tenn and MeadWestvaco rally, set to merge. In deal news, Rock-Tenn Co and MeadWestvaco Corp said they would combine to form a packaging company worth $16 billion, with MeadWestvaco shareholders owning a majority stake. Rock-Tenn shares jumped 6.7 percent to $67.19 while MeadWestvaco rose 14.5 percent to $51.59 as the S&P 500' s biggest percentage gainer.
Arch Coal fell$. 02 or 1.9 percent, to $1.05. Consol Energy Inc. rose$. 70 or 2.3 percent, to $31.03. Peabody Energy rose$. 16 or 2.5 percent, to $6.46.
NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 11 or. 8 percent, to $12.54. Newmont Mining Corp. rose$. 17 or. 7 percent, to $24.32.
NEW YORK— Shares of some top chemicals companies are mixed at 1 p.m.:. Dow Chemical Co. fell$. 44 or 1.0 percent, to $44.13. DuPont Co. rose$. 08 or. 1 percent, to $73.87.
Hecla Mining Co. rose$. 01 or. 1 percent, to $3.35. Pan American Silver Corp. rose$. 14 or 1.3 percent, to $11.32. Silver Standard Resources Inc. rose$. 05 or. 7 percent, to $6.48.
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