GOSSIP: Today's Wall Street Buzz in 60 Seconds
Lobbyists for Goldman Sachs and JPMorgan met with regulators more than any other financial institution, to discuss FinReg.Goldman Sachs won't be repaying Warren Buffett's $5 billion loan yet. Until the...
View ArticleAnadarko Shares Surge On Rumor BHP Is Preparing A Bid (APC, BHP)
BHP is at it again, and could be planning a bid for Anadarko Petroleum, according to the Daily Mail (via DealBook).Details of the potential deal are scarce, but the offer is supposed to be for $90 a...
View ArticleThree Interesting Charts From Super-Miner BHP Billiton's Earnings
Mining giant BHP Billiton earnings came out with earnings today.The company reported a 72% profit surge, though the stock was off modestly in Australian trading.Along with its earnings report, the...
View ArticleBHP Prepares To Make Gigantic Energy Deal In Australia
Some deal talk to get the week started...Megaminer BHP Billiton is reportedly set to make a gigantic, $48 billion bid for Australian oil giant Woodside Energy.Shell is a signiifanct shareholder in...
View ArticleThe World's Biggest Miner Has Announced A Steep Drop In Profits And Is...
MELBOURNE (Reuters) - Top global miner BHP Billiton delayed its planned $20 billion Olympic Dam copper expansion on Wednesday and said no other major projects would be approved in the year to June...
View ArticleBHP CEO: China's Steel Boom Has Peaked
BHP Billiton chief Marius Kloppers said on Wednesday that China's steel surge had peaked and iron ore and steel growth was likely to decline, as the miner delivered a mixed quarterly production...
View ArticleNew CEO Of World's Biggest Mining Company Plans To Slow Investment Spending...
More evidence that the mining/commodity boom has crested.The new CEO of global mining giant BHP Billiton, Andrew Mackenzie, tells WSJ that he plans to cut investment spending "quite significantly" and...
View ArticleA Big Shakeup Is Coming In The Manganese Market
It’s not a good time to be a steelmaker — not if you are in Russia, not if you are in China, and certainly not if you are in the US or the European Union. But if mining manganese, the vital...
View ArticleMassive Mining Company Lifts Its Forecast For Iron Ore Production
Anglo-Australian mining giant BHP Billiton on Tuesday raised its iron ore production forecast after operations in Western Australia achieved record output in July-September.The world's biggest...
View ArticleBHP Billiton Wouldn't Mind Getting Rid Of Its Aluminum, Manganese, And Nickel...
MELBOURNE (Reuters) - BHP Billiton declared its preference for a demerger of its unwanted aluminum, manganese and nickel assets on Friday, setting the stage for the formation of a separate company that...
View ArticleAustralian Mining Giant BHP Is Shutting Down 40% Of Its US Shale Rigs (BHP)
The hits keep coming for shale gas producers.In an announcement on Tuesday night (well, Wednesday morning in Australia), Australian mining giant BHP said it would shut down 40% of its US shale oil rigs...
View ArticleBarclays cuts BHP price target almost in half to just $10.50
BHP Billiton’s share price closed Sydney trade today at $15.01. That’s the lowest close since 2004 as the company grapples with collapsing commodity prices and general questions about the maintenance...
View ArticleRio Tinto and its former CEO Tom Albanese have been charged with fraud
US authorities have charged Rio Tinto and two former senior executives, including former CEO Tom Albanese, with fraud.The Securities and Exchange Commission (SEC) alleges the executives inflated the...
View ArticleThe CEO of the world's largest miner gave us his outlook on every major...
BHP — the world's largest miner — has a global footprint in all the major commodity markets, including oil, gas, coal, and copper. In an exclusive interview with Business Insider, CEO Andrew Mackenzie...
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