Take a look at some of Wednesday's midday movers:» Read More
Arch Coal rose$. 03 or. 7 percent, to $4.16. Consol Energy Inc. rose$. 14 or. 4 percent, to $38.70. Peabody Energy rose$. 14 or. 9 percent, to $15.64.
Arch Coal rose$. 01 or. 2 percent, to $4.13. Consol Energy Inc. fell$. 48 or 1.2 percent, to $38.56. Peabody Energy fell$. 33 or 2.1 percent, to $15.50.
*Coal of little significance to fund- fund chief. OSLO, Jan 28- Norway's $817 billion sovereign wealth fund, the world's largest, has halved its exposure to coal producers, with most of its remaining interest in the sector in Chinese companies, its chief executive said on Tuesday.
Oct 29- U.S. coal miner Arch Coal Inc on Tuesday reported disappointing third-quarter results and cut its production outlook for steelmaking coal for the second time this year while rival CONSOL Energy Inc reported earnings that slightly topped estimates due to strict cost controls.
Oct 29- Arch Coal Inc said costs for the full year would be lower than its expectations after posting a smaller-than-expected quarterly loss as lower expenses helped blunt weak prices for coal. The company expects full-year average cash costs of $10.40- $10.60 per ton for its Powder River Basin operations, lower than $10.45- $10.85 it forecast earlier.
NEW YORK, Oct 28- U.S. stocks were little changed on Monday as investors found few catalysts to push equities higher after the S&P 500' s latest record high.
NEW YORK, Oct 28- U.S. stocks were little change on Monday as investors found few reasons to keep pushing shares higher after the S&P 500 climbed to a series of records on expectations for continuing Federal Reserve stimulus.
*Apple to report results after market closes. Corporate earnings may serve as a catalyst to further gains, with investors especially looking to Apple Inc results after the market closes.
Oct 28- Consol Energy Inc said on Monday it will sell five West Virginia coal mines to privately held Murray Energy Corp amid regulatory uncertainty and as it focuses more on the growth of its natural gas operations. Civil War, is selling the mines for $850 million cash, as well as $184 million in future royalty payments for its coal reserves.
Oct 28- Consol Energy Inc said on Monday it will sell five West Virginia coal mines to privately held Murray Energy Corp amid regulatory uncertainty and as it focuses more on growing its natural gas operations. Civil War, is selling the mines for $850 million cash, as well as $184 million in future royalty payments for coal reserves.
A few mining names are worth a look, Sterne Agee's Michael Dudas says.
Check out which companies are making headlines after the bell Thursday.
Check out which companies are making headlines after the bell Tuesday.
Oct 26- Arch Coal Inc, one of the world's top five coal producers, surprised Wall Street on Friday with a third-quarter profit as cost cuts paid off, and the company said thermal coal shipments were improving. Arch Coal shares rose as much as 13 percent premarket.
PITTSBURGH-- Coal miner Consol Energy Inc. on Thursday posted an $11.4 million third-quarter loss, hurt by ongoing weak demand for coal. The Pittsburgh- based company's loss amounted to 5 cents per share, compared with a year-ago profit of $167.3 million, or 74 cents per share.
NEW YORK-- Shares of Consol Energy Inc. lost ground Monday after the coal and gas producer said it will post a third-quarter loss, due mostly to the idling of some mines. The company didn't give a specific outlook, but said that the idling of some mines are took its toll on results for the quarter that ended last month.
*Sprint volume surges, shares jump on Softbank deal reports. Traders have been bearish recently, with the S&P 500 down 2 percent in the last five sessions in anticipation of a weak earnings season. AT&T and Verizon also weighed after news that Japan's Softbank may buy a majority stake in their competitor, Sprint Nextel.
NEW YORK-- The tickers of coal companies occupied the top of the Standard and Poor's 500 index Tuesday, with investors seeing a potential for miners to capitalize on cooler temperatures and higher natural gas prices.
The S&P 500 rose for a fourth session after a report suggested improvement in the labor market ahead of Friday's closely watched monthly payrolls report. The Nasdaq Composite Index gained 6.10 points, or 0.19 percent, to 3,141.40. **COLLABRX INC, $6.80, up 79.4 pct.
The Market Vectors Coal ETF has been driven from the 52-week highs, & yesterday traders were playing for a bounce.