Hedge fund managers and investment gurus have to notify the SEC about their moves every quarter. Investors pore over this data in the belief the big fish have special insight.» Read More
Hedge fund managers and investment gurus have to notify the SEC about their moves every quarter. Investors pore over this data in the belief the big fish have special insight.
May 7- Alpha Natural Resources Inc:.
NEW YORK, May 7- Alpha Natural Resources Inc:.
*Arch Coal: Goldman raises to neutral from sell- Theflyonthewall.com* Alpha Natural: Goldman cuts to sell from neutral- Theflyonthewall.com. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
May 3- Alpha Natural Resources Inc:. *Nomura cuts price target to $8 from $11; rating neutral. Reuters Station users, click. 1568.
May 2- Alpha Natural Resources Inc reported a narrower-then-expected first-quarter loss on Thursday thanks to cost-cutting in a tough market. "That's the only thing anyone can focus on right now- they can't control pricing," Raymond James analyst Jim Rollyson said. " Costs also fell in the Powder River Basin, to $10.02 per ton from $10.96.
Wall Street was set to open slightly higher Thursday as an interest rate cut from the European Central Bank and better-than-expected weekly jobless claims data in the U.S. boosted investors' appetite for risky assets. **GENERAL MOTORS CO, Wednesday close $30.18, up 4 pct premarket. **VISA INC, Wednesday close $166.02, up 3 pct premarket.
May 2- Alpha Natural Resources Inc reported a wider first-quarter loss on Thursday, hurt by thermal coal production cuts and lower prices, especially for metallurgical coal.
CHICAGO, April 26 Credit metrics of speculative grade issuers have stabilized and show signs of plateauing, according to Fitch Ratings' in its latest installment of the' Leveraged Finance Stats Quarterly- Fourth Quarter 2012.' Fitch does not view the incremental leverage experience in the fourth quarter and expected in the first quarter to be either outside of expected rating levels or indicative of a deteriorating credit environment.
*Revenue down 14 pct to $1.75 billion on weak coal prices. April 18- Peabody Energy Corp, the world's largest private-sector coal miner, reported a smaller-than-expected quarterly loss on Thursday and said it expects thermal coal to claw back much of the U.S. market share it has lost to natural gas.
*Revenue down 14 pct to $1.75 billion on weak coal prices. April 18- Peabody Energy Corp, the world's largest private sector coal miner, reported a smaller-than-expected first-quarter loss on Thursday and said it expects thermal coal to claw back much of the U.S. market share it has lost to natural gas.
Stocks erased most of their early declines to close narrowly mixed Wednesday, with the S&P 500 finishing slightly below its closing high, but ongoing economic and political concerns over Europe kept a lid on gains.
Feb 14- Alpha Natural Resources Inc, the top U.S. producer of coal used for making steel, reported a narrower-than-expected quarterly operating loss on Thursday thanks to aggressive cost-cutting, sending its shares up more than 10 percent.
*Loss before items 19 cents/ shr vs year-ago loss 9 cents. *Revenue falls to $1.56 billion from $2.07 billion. In September, Alpha Natural said it would cut about 1,200 jobs, or 9 percent of its work force, idling mines in Virginia, West Virginia and Pennsylvania, and reducing production in the Powder River Basin coal-rich region of eastern Montana and Wyoming.
Stocks ended off session lows but the Dow still finished in negative territory Wednesday, as investors took a pause amid a lack of significant market catalysts and after the S&P briefly hit its highest level since December 2007.
"Most of the coal companies are' buys' at these levels," said Eric Green, a senior portfolio manager at Penn Capital in Philadelphia. " Green said he expected Alpha Natural Resources Inc, which closed on Wednesday at $8.67, and Walter Energy Inc, which ended at $36.88, ultimately to rise 50 percent from current levels.
Jan 29- Coal miner Peabody Energy Corp said it will lower its exposure to the United States to focus on Australia, where higher prices for steel-making coal and lower production costs are expected to lift its earnings later this year.
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