Dec 18- DuPont said it will take a record a pre-tax charge of about $315 million in the fourth quarter related to the spin-off of its performance chemical business and other restructuring measures. The spinoff is part of DuPont's strategy to move into less volatile businesses. The chemicals unit has weighed on DuPont's results since 2012, mainly due to weak...» Read More
For all the doomsayers predicting an end to its mining boom, Australia is pumping out more metal, coal and gas thanks to a investment bonanza that will peak this year, boosting exports needed to extend a jaw-dropping 21-year run of economic growth.
BHP Billiton, the world's biggest mining company, boosted its iron ore output by 3 percent in the December quarter, as it races to supply more of the raw material to Chinese steelmakers despite signs of a softening market.
Mining firms including BHP Billiton and Anglo American are likely to follow Rio Tinto's lead in writing down underperforming assets by as much as $10 billion, as low prices and rising costs eat into valuations.
Platinum rose to a three-month high on Tuesday, rallying for a sixth straight session as funds bought heavily due to a mine labor crisis in South Africa that sparked supply fears.
China's harshest winter in nearly three decades has hit iron ore output and driven up prices just as demand from steel mills revives in a resurgent economy. Imports are at record levels.
Steelmaker ArcelorMittal raised a bigger-than-expected $4 billion in a share and convertible notes offering, it said on Thursday, to fix its debt-laden balance sheet.
Iron ore exports to China from Australia's Port Hedland, a bellwether for Chinese industrial activity, surged 25 percent in December from the previous month to a record level, shipping data showed.
U.S. executives largely panned the congressional deal to steer America away from the "fiscal cliff," saying Washington wasted an opportunity to address the nation's debt.
DuPont announced it will buy back $1 billion of its stock next year and raised its outlook.
CNBC's Gary Kaminsky weighs in on the lumber trade, in the wake of Hurricane Sandy.
Aaron Flowe, Northern Division President of Home Depot, talks about helping people protect and repair their property after the onslaught of the devastating hurricane.
CNBC's Mary Thompson reports home improvement retailers are providing supplies in cleanup efforts after the storm.
Lee Partridge, Salient Partners CIO, discusses the impact of Sandy on home builders, materials, and certain insurers.
Weakening prices midday don’t necessarily mean the rally has ended, “Fast Money” pros said Wednesday on CNBC.
Mike Harrowell, Senior Resources Analyst, BBY says that the QE boost to commodity prices does not reflect demand concerns and that base metals prices could be trading lower by end-December.
With the global economy slowing and the U.S. dollar strengthening it may now be time to invest in companies more tied to the U.S. economy, some market pros are saying.
London-based company Lonmin, the platinum mining firm affected by strikes at their Marikana facility in South Africa, is a definite opportunity for investors looking to enter the sector according to Alison Turner, mining analyst at Panmure Gordon.
Australia's Resources and Energy Minister declared the resources boom over on Thursday, pointing to tough times ahead for the country's economy, which has been powered by the mining sector for over a decade now. This has prompted the question: Is Australia resilient enough to grow without its main economic driver?
The "Mad Money" host dishes on three big players in the chemical space, and why one of these stocks is just not like the others.
Using data provided by the financial information firm Sageworks, CNBC.com shows which industries took the worst beating in 2009 and 2010.
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