NEW YORK/ LONDON, April 17- Platinum prices fell to their lowest in more than two weeks on Thursday, reversing initial gains after South Africa's biggest platinum producers offered to raise wages for miners in a bid to end a 13- week-old strike that has curbed metal output.» Read More
Shares in Standard Chartered fell 1.2% Wednesday despite an upbeat trading statement from the global bank, as investors cashed in on the stock's recent strong performance, according to Keefe, Bruyette and Woods.
Alcoa's shares jumped nearly 3 percent to a six-year-high Monday on renewed speculation that mining giant BHP Billiton has revived plans for a $40 billion takeover of the U.S. aluminum company.
Australia is no longer just a hot tourist destination -- it’s also a great place to invest in, according to Anthony Cragg. On “Squawk on the Street,” the lead manager for the Wells Fargo Advantage Asia Pacific Fund spoke about the investment opportunities down under.
Norilsk Nickel, the world's largest nickel and palladium miner, said on Friday 2006 net profit more than doubled on record prices and the sale of a stake in South African miner Gold Fields.
Rio Tinto, the world's second-largest mining group, dismissed talk that it was lining up a bid for Canadian aluminum maker Alcan as speculation, but did not todeny the rumor outright.
Here's one of our last looks at the contest stocks. The most active and widely held remained pretty much the same throughout the contest and the finals--for both the Million Dollar Portfolio Challenge and Second Chance Showdown. Most best and worst performers were affected by earnings and M&A's over the weeks as well. Here you go:
Alcan has entered early-stage discussions with global mining giant BHP Billiton as it looks to fend off an unwanted takeover attempt by US rival Alcoa, Canada's Global and Mail newspaper reported, citing people familiar with the matter.
Russian metals giant Norilsk Nickel has aised its offer for Canadian miner LionOre to C$27.50 ($25.30) a share, valuing the company at approximately C$6.8 billion ($6.26 billion), Norilsk said on Wednesday.
Alcan's board unanimously recommended that shareholders reject Alcoa's unsolicited takeover offer of $73.25 a share in cash and stock, calling it inadequate and contrary to the best interests of Alcan's shareholders.
Hey folks, we have guest blogger Jeff Mishlove with some thoughts for the final week of the contest. Here's his post: One week ago, I recommended a momentum strategy based upon selecting stocks that had been surging in price during the past three months. At that time, I recommended five stocks: SCHN, NTRI, FCX, LRCX and VCLM. I see that four out of these five stocks are now up for the week.
Hey folks, Jeff Mishlove has some thoughts for the contest finals. We'll get right to them. Here's his post: Now the Portfolio Challenge moves into the finals and the Second Chance Showdown. I am not in the finals, and I have decided not to enter the Second Chance Showdown – so that there can be no suggestion of a conflict of interest with regard to any recommendations I may make for the Million Dollar Buzz.
ThyssenKrupp, one of the world's biggest steelmakers, said Friday that its second-quarter net profit fell from last year because of a multimillion-euro fine levied by the European Union, but sales rose.
Well, our contest "stock report" has some interesting news. One of the best performers was a stock (FWLT) that celeb/actor Stephen Collins had on his list--and one that put him in the lead of Trading With The Stars (more on that in another post). In fact, it was the best of the best performers. And one pick that made the most actives, was one recommended yesterday by guest blogger Timothy Sykes--SIX. Here you go...
Stocks are searching for direction at lower levels ahead of the Fed's meeting today. The Fed is not expected to move on rates but its comment will be watched carefully.
As we posted earlier, Alcan is one of the best performing stocks in the contest from the latest stats we've collected. CNBC's David Faber had a video report today on the hostile takeover deal for Alcan that Alcoa is trying to engineer. Evidently, this has been a two year "courtship" between the two companies. But any possible friendly deal was stopped last December by Alcan. And Faber says it's possible there could be more "suitors" for Alcan. Here's his report with some info on Alcan.
Alcoa said on Monday it would make a hostile bid for Canada's Alcan for nearly $27 billion, after talks between the rival aluminum producers failed to lead to a deal. If successful, the bid of $73.25 per share in cash and stock would create the world's largest aluminum producer. Alcan said it plans to consider the proposal.
Here's our latest contest "stock report." We talked earlier today about how Crocs put Serge Amelyan back into first place on the leaderboard. A very good earnings report put Serge, and others who owned Crocs, into the "stratosphere" so to speak. Meanwhile, a takeover report moved Reuters into the lead of best performing stocks. Also, BQI moved into the most active and widely held lists--on what could be an "active" day for the stock.
Hey folks--here's our update of the latest stats and figures. Remember--this Monday, the 7th at 9:30 am EST is the last time anyone can register for the contest. So tell your friends if they want to get in and you can get some Bonus Bucks. We'll start with the trivia. The video question is worth $2,000 Bonus Bucks: Gas prices have surged over the past month. How much have gas prices increased over the past month? Your selection of answer is: $0.37 or $0.10 or $0.50 or $0.30.
Here's a video news report from CNBC's Bob O'Brien on companies reporting earnings--and getting a boost. The ones "pointing up" in stock price are WY--up some 6% at one point. The other is ATK--up more than 2%. Again, these are not recommendations for your contest or personal portfolio.
The actors have been doing pretty well lately in Trading With The Stars, but the non-acting celebs are making a move--including Johnny Bench (so, his picture gets posted). Jonathan Tucker still holds first place on modest gains in Washington Grp and Starwood Hotels. Stephen Collins takes back 2nd place on gains in Emergency Medical Services up 10.13% Thursday. But poker champ Chris Moneymaker moves from 8th to 5th on a 2.73% gain in Gigamedia..
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