David Einhorn struggled in July, with his flagship Greenlight Capital LP fund dropping 6.1 percent, according to a source familiar with the firm.» Read More
July 28- Coal and natural gas producer Consol Energy Inc lowered its 2015 budget for oil and gas operations by 13 percent to $800 million, the second cut this year, and slashed dividend as it struggles to cope with dismally low commodity prices. The Pennsylvania well, in the Utica shale field in Westmoreland County, had a 24- hour flow rate of more than 61 million...
July 28- Peabody Energy Corp said it was suspending its quarterly dividend, reducing production of steel-making coal and cutting jobs to stem losses as coal prices remain stubbornly low. Peabody said it was cutting 550 jobs, including 300 across mines in Australia and 250 corporate and regional support positions, and closing some offices in Wyoming.
CANONSBURG, Pa.— Consol Energy reported a bigger second-quarter loss as weak coal sales dragged revenue lower and exploration costs increased. The Canonsburg, Pennsylvania, company lost $603.3 million, or $2.64 per share, compared with a loss of $24.9 million, or 11 cents per share, a year prior. Losses, adjusted for non-recurring costs, were 37 cents per share, while...
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Chesapeake Energy Corp., down 98 cents to $9.29. IBM Corp., down $10.15 to $163.07.
The "Halftime Report" traders give their top trades for the second half of the day.
Even though U.S. stocks are trading at a record price, certain areas of the market may be ready to drop. Here's what to sell.
NEW YORK, May 15- Top U.S. hedge fund managers made contrasting bets on energy companies in the first quarter, with Greenlight Capital's David Einhorn sticking with names pummeled by falling oil prices, while Hayman Capital's Kyle Bass bet on frackers, regulatory filings showed on Friday. Einhorn's $11 billion Greenlight Capital increased its stake in Consol...
There are 11 companies where analysts have boosted their profit forecasts for the second quarter, USA Today reports.
April 28- Coal and natural gas producer Consol Energy Inc reported a 35 percent fall in quarterly profit, hurt by weak prices for both commodities. U.S. power companies shut or converted over 4,100 megawatts of coal-fired plants last year and are expected to stop burning coal at another 22,100 MW of plants in 2015, according to Thomson Reuters data.
April 28- Coal and natural gas producer Consol Energy Inc reported a 35 percent fall in quarterly profit, hurt by weak prices for both commodities. The company's net income from continuing operations fell to $79 million, or 34 cents per share, in the first quarter ended March 31, from $121.7 million, or 53 cents per share, a year earlier. The company said the profit...
U.S. stocks closed mixed on Tuesday as investors digested the first of the major earnings reports and moderate economic data.
Hedge fund manager David Einhorn reiterated his belief in two existing positions at an investment conference Tuesday.
April 1- CNX Coal Resources LP, Consol Energy Inc's thermal coal business formed as a master limited partnership, filed for an initial public offering with U.S. regulators on Wednesday, as Consol shifts focus to boosting natural gas production. Coal miners have been weighed down by a switch by U.S. utilities to cheaper natural gas from power-generating coal, and...
April 1- CNX Coal Resources LP, Consol Energy Inc's thermal coal business formed as a master limited partnership, filed for an initial public offering with U.S. regulators on Wednesday. The filing had a nominal fundraising target of $250 million. The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees.
Are coal stocks the ultimate energy value play, or should bottom-fishing stock pickers stay far away?
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Wednesday: Walgreen, Restoration Hardware, Wet Seal and more.
Companies making headlines before the bell Monday:
Greenlight Capital founder David Einhorn is tweaking his bets after losing money in a "frustrating" third quarter.
A portfolio of stocks with Republican pure plays reveals GOP may gain a lot this election round.