Even as Texas Industries Inc. maintains its silence regarding buyout talks instigated by a major shareholder, insiders are selling company shares, suggesting a deal isn't on the horizon.
Mexican cement giant Cemex(CX) said Friday it planned to make a $12.8 billion offer to buy Rinker Group Ltd., an Australian firm that derives the bulk of its profits from selling construction materials in the United States, even as the domestic housing market continues its recent slump.
Industrial - Goods
Industrial - Goods 0.82% Industrials -0.24% Industrial Machinery -0.38% Commercial Vehicles & Trucks -0.32% Industrial Engineering 1.01% Electronic & Electrical Equipment 0.74% General Industrials 2.44% Aerospace & Defense 0.78% Industrial Goods 3.01% Heavy Construction 0.76% Building Materials & Fixtures 1.37% Construction & Materials
Duke Energy Corp. posted lower profits than expected in its latest earnings release. Earnings were 48 cents/share, below the 56 cents/share estimates of Reuters' analysts. Executives for the company still claim a 4-7% earnings growth is expected following the spin-off of the natural gas division to Spectra Energy Corp., but that remains to be seen.
The French Parliament on Wednesday adopted a bill to privatize state-owned Gaz de France, clearing an obstacle to its proposed combination with the utility Suez SA that would create an energy powerhouse.
Utilities -3.87% Water -1.79% Multiutilities 0.47% Gas Distribution -0.94% Gas, Water & Multiutilities -1.03% Electricity -1.01% Utilities
Democrats dislike the new Medicare plan that has been benefiting big Pharma and may revoke the law that bars Medicare from negotiating prices directly with drug companies.
Abbot Labs to buy Kos Pharmaceuticals for $3.7 billion, a 56% premium over market price.
Novartis unveils plans to build a $100 million research center in Shanghai, China
Health Care 1.50% Pharmaceuticals 0.23% Biotechnology 1.19% Pharmaceuticals & Biotechnology 1.39% Medical Supplies 1.82% Medical Equipment 0.43% Health Care Providers 1.05% Health Care Equipment & Services 1.14% Health Care
Microsoft is reported to be entering an unusual partnership with Novell that gives a boost to the Linux operating system, a rival to the software giant's Windows software and work toward developing technologies to make it easier for users to run both Suse Linux and Microsoft's Windows on their computers .
By forging a peace pact with one seller of Linux, Microsoft could raise pressure on Red Hat, the leading provider of Linux, and a Novell rival.
Apple plans to leverage its retail stores as 'launch pads' for the new iTV, using a few LCD televisions to demonstrate the features of the device.
Higher copper prices boost Wolverine Tube sales; stock falls on Q3 loss and the company is considering Chapter 11
Azco Mining Inc. , a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, announced today that it had agreed with a major creditor to terminate a 2002 financing lease and eliminate all the company's outstanding debt under the lease.
Royal Gold Inc., a company that buys rights to collect royalties from mining outfits, said Wednesday it raised its annual dividend 18 percent.
EU regulators on Wednesday reimposed a 10 million euro ($12.7 million) fine on Arcelor SA for a steel beam cartel it took part in from 1988 to 1991.
The main reason for the increases in the Energy sector is due to positive earnings releases by a number of companies in the sector. The majority of companies in the sector had a stellar 3rd quarter due to excessively high oil prices.
The outlook for the next quarter is not as promising however.
OPEC has sought to cut oil production by 1.2 million barrels per day as of November 1, due to the low prices and excess supplies. Many investors doubt OPEC's ability to cut production as inventories of crude continue to rise.
Chevron reported a $5 billion profit in its earnings release, an increase of 40% from the last quarter.
Big oil companies will be a top target of Democratic lawmakers when they officially take over the House of Representatives early next year.
Energy 1.05% Pipelines 1.82% Oil Equipment & Services 1.73% Oil Equipment, Services & Distribution 1.77% Integrated Oil & Gas 0.32% Exploration & Production 1.37% Oil & Gas Producers 1.46% Oil & Gas