As Australian stocks power to fresh five-year highs, analysts say the country's benchmark index is set for further gains.» Read More
Aluminum producer Alcoa reported that third-quarter profit rose 3%, boosted by a gain on the sale of its stake in Chinese aluminum company that offset weaker aluminum prices and restructuring costs.
If you believe we hit a bottom, Cramer has some recommendations for you.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
BHP Billiton said Tuesday it bought a 40% interest in 14 offshore exploration and production licenses near the Falkland Islands in the South Atlantic from Falkland Oil and Gas.
Technical analysis is becoming a mainstream way to time and predict stock moves and market tops and bottoms. Carter Worth, chief market technician at Oppenheimer, joined the panel to explain what he’s seeing – and where he thinks we’re going.
Despite the credit crunch and amid see-saw-like volatility, commodities continue to break records. Monday was a record day for oil and gold is at its highest price since May 2006. Are commodities still the route to riches?
European stocks finished the week in the green after stronger-than-expected U.S. durable goods orders and new home sales data on Friday pushed back fears of a spillover of the credit markets crisis to the wider economy.
BHP Billiton, the world's biggest mining company, said it would seek to grow aggressively in India where volume growth is outstripping China, its other boom market.
1st paragraph of story should go here
Downey Financial, Freeport-McMoRan, WWE and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Global miner Rio Tinto first-half profit fell 6%, hurt by higher costs and unfavorable exchange rates despite selling its copper, iron ore, and other industrial commodities at sharply higher prices.
Stocks ended sharply lower on several disappointing earnings reports and concerns about the housing industry. "The housing story has gone from bad to worse. It's pretty clear that the subprime market is not as well contained as a lot of people had been thinking," said David Rosenberg, North American economist at Merrill Lynch.
BHP Billiton, the world's top miner, reported a series of annual production records on Tuesday, highlighted by a 17% jump in fourth-quarter copper output.
Miner BHP Billiton will not launch a $45 billion bid for U.S. aluminum giant Alcoa, The Australian newspaper reported on Friday, citing unnamed sources.
Stronger than expected earnings from IBM helped to push the Dow Jones Industrial Average to a record close above 14,000 for the first time - just two days after the Dow broke above that level on an intraday basis. The S&P 500 also closed at a record high.
One area of trading that has seen explosive growth this year is the options market. Year over year trading volume in June jumped over 30% and is up 25% for the first half of the year, according to the Options Industry Council.
A newspaper in Australia is reporting that BHP Billiton is not interested in acquiring U.S. Aluminum company Alcoa.
Speculation in London newspapers over the weekend about a potential $50 billion offer on the way for Alcoa from BHP Billiton is among the largest of possible deals for traders to focus on today.
Merger news and corporate announcements were some of the catalysts behind the most actively traded stocks on Thursday.
Rio Tinto's offer has the support of the Canadian aluminum producer's board and trumps a hostile offer from U.S. aluminum giant Alcoa. The offer is "compelling" and in keeping with Rio Tinto's strategy of focusing on high-quality assets, Rio Tinto Finance Director Guy Elliott told "Worldwide Exchange."
Holders of Alcan call options are happy today, especially those who picked up "out-of-the-money" Alcan calls.