*Copper unable to build on Friday's higher finish. SYDNEY, Oct 20- London copper futures fell on Monday after hitting their lowest levels in six months in the previous session, hurt by worries over rising stocks, China's economic growth and the impending end of U.S. monetary stimulus. "Copper is looking weak from a supply and demand perspective," said a metals trader...» Read More
The FDA said Friday that Pfizer Inc.' s Embeda can have labeling indicating that it has properties expected to reduce abuse of the drug when it is crushed and taken orally or snorted. The FDA has been under intense public pressure to combat the national epidemic of prescription opioid abuse. Embeda is the third extended-release opioid to be approved with...
Barrick Gold Corp. fell$. 37 or 2.7 percent, to $13.41. Gold Fields fell$. 18 or 4.7 percent, to $3.69. Newmont Mining Corp. fell$. 32 or 1.4 percent, to $22.40.
Hecla Mining Co. fell$. 15 or 5.9 percent, to $2.39. Pan American Silver Corp. fell$. 43 or 3.9 percent, to $10.55. Silver Standard Resources Inc. fell$. 28 or 4.8 percent, to $5.56.
NEW YORK— Shares of some top chemicals companies were up at the close of trading:. Dow Chemical Co. rose $1.29 or 2.9 percent, to $46.05. DuPont Co. rose$. 75 or 1.1 percent, to $66.98.
Arch Coal fell$. 26 or 11.7 percent, to $1.97. Consol Energy Inc. rose$. 27 or. 8 percent, to $34.78. Peabody Energy fell$. 26 or 2.3 percent, to $11.03.
Oct 17- Cliffs Natural Resources Inc said it would write down the value of its coal and iron ore assets by $6 billion due to weak prices, putting it in breach of debt covenants and sending its shares down as much as 6.8 percent. We believe this will result in higher interest rate on revolver borrowings going forward, " FBR Capital Markets analysts wrote in a note.
NEW YORK— Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 24 or 1.7 percent, to $13.54. Newmont Mining Corp. fell$. 09 or. 4 percent, to $22.63.
Hecla Mining Co. fell$. 05 or 2.0 percent, to $2.49. Pan American Silver Corp. fell$. 30 or 2.7 percent, to $10.68. Silver Standard Resources Inc. fell$. 12 or 2.1 percent, to $5.72.
Arch Coal fell$. 21 or 9.5 percent, to $2.02. Consol Energy Inc. rose$. 18 or. 5 percent, to $34.69. Peabody Energy fell$. 40 or 3.5 percent, to $10.89.
NEW YORK— Shares of some top chemicals companies are up at 1 p.m.:. Dow Chemical Co. rose $1.15 or 2.6 percent, to $45.91. DuPont Co. rose$. 99 or 1.5 percent, to $67.22.
*Platinum, palladium recover after sharp losses. NEW YORK/ LONDON, Oct 17- Gold dropped on Friday as U.S. equities rebounded but was still set for a second straight weekly gain as concerns over the global economy have raised speculation that the U.S. "Gold has had a good week because just about everything else has had a bad week," Macquarie analyst Matthew Turner said.
LONDON, Oct 17- Five companies have been short-listed to replace the century-old London gold benchmark with a new electronic system, which is expected to be in place within the next few months, the London Bullion Market Association said. Broker Autilla Ltd, the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental...
NEW YORK— Shares of some top chemicals companies are up at 10 a.m.:. Dow Chemical Co. rose $1.34 or 3.0 percent, to $46.10. DuPont Co. rose$. 62 or. 9 percent, to $66.85.
Arch Coal fell$. 03 or 1.3 percent, to $2.20. Consol Energy Inc. rose$. 39 or 1.1 percent, to $34.90. Peabody Energy rose$. 10 or. 9 percent, to $11.39.
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 16 or 1.2 percent, to $13.62. Newmont Mining Corp. fell$. 17 or. 7 percent, to $22.55.
Hecla Mining Co. fell$. 02 or. 8 percent, to $2.52. Pan American Silver Corp. rose$. 03 or. 3 percent, to $11.01. Silver Standard Resources Inc. fell$. 10 or 1.7 percent, to $5.74.
SANTIAGO, Oct 17- The shine may soon come off Chile's decade-long copper boom as technical and regulatory problems in getting new mines into production highlight just how hard it will be to keep ratcheting up the supply. Chile is expected to produce a record 5.83 million tonnes of copper this year, rising to 6.23 million next year, state copper commission...
*Platinum, palladium recover after sharp losses. LONDON, Oct 17- Gold inched down on Friday as shares rebounded, but was still set for a second straight weekly gain as concerns over the global economy have raised speculation the U.S. "Gold has had a good week because just about everything else has had a bad week.
DALLAS— Eagle Materials is moving further into the energy sector by buying a company that sells an ingredient crucial to the hydraulic fracturing techniques now widely used to extract oil and natural gas. "This acquisition will enable us to immediately serve the Permian basin, in particular, with increased production, while creating synergies with our other...
Copper was the weakest metal, bouncing slightly after hitting six-month lows on concern about a surge of mine supply swamping the market. Copper is widely regarded as having some of the weakest fundamentals among base metals as a wave of fresh supply from new and expanded mines works its way onto markets. Highlighting worries about more supply was a 17.5...
Get the best of CNBC in your inbox