Proactiveinvestors USA & Canada editorial

Rodinia Lithium going full steam ahead in 2012 with Diablillos project

Wed, 08 Feb 2012 15:17:00 -0500

With news of the drilling of its first production well, 2012 looks set to be a busy one for Rodinia Lithium (CVE:RM), the development-stage Canadian mineral exploration company focused on lithium assets in North America and Argentina and Nevada, USA.

Dow slightly lower on Greek caution, Groupon in focus

Wed, 08 Feb 2012 14:49:00 -0500

US equity markets treaded water Wednesday afternoon as investors adopted a cautious tone as the European Central Bank
considers taking a hit on its holdings of Greek bonds.

TSX fades as all eyes on Greece, WestJet rallies

Wed, 08 Feb 2012 13:55:00 -0500

Toronto's main market fell into the red Wednesday afternoon, as investors remained focused on Greece, as political leaders continue their scramble to avoid a default.

Virgin Media Q4 gets boost from digital media services

Wed, 08 Feb 2012 13:06:00 -0500

UK cable operator Virgin Media (NASDAQ:VMED) beat expectations for its fourth quarter, after customers snapped up the combination of its new TV service and fast broadband offerings.

TMX Group Q4 earnings fall on weaker equity markets

Wed, 08 Feb 2012 10:13:00 -0500

TMX Group (TSE:X) said Wednesday its fourth quarter profits fell 20 percent as the company, which is in talks to be bought by a consortium of Canadian banks and pension funds, recorded less revenue from equity markets.

Moody's Q4 earnings miss estimates as debt crisis dampens revenue

Wed, 08 Feb 2012 09:51:00 -0500

Ratings agency Moody's Corp (NYSE:MCO) said Wednesday that fourth-quarrter net income fell 30 percent as expenses rose and companies backed away from issuing bonds during the European debt crisis, hurting a key business segment.

Agrium Q4 revenue rises 32% despite uncertain global economy

Wed, 08 Feb 2012 09:17:00 -0500

Fertilizer producer Agrium (TSE:AGU) said Wednesday that earnings grew 43 percent in the fourth quarter as it overcame a struggling global economy that has hit commodity prices and made buyers cautious.

Disney's fiscal Q1 earnings miss estimates

Wed, 08 Feb 2012 07:55:00 -0500

The Walt Disney Co. (NYSE:DIS) said late Tuesday that fiscal first-quarter income rose 12 percent as a slimmer movie slate and upbeat theme park results helped the company top earnings forecasts even while revenue gains were less than expected.

Dow seen opening up as Greek debt deal may be in sight, Yahoo in focus

Wed, 08 Feb 2012 07:46:00 -0500

US equity markets looked set to open higher Wednesday on hopes that Greece will soon receive a second bailout allowing it to avoid default.

Mkango Resources set for significant uplift, says VSA Capital

Tue, 07 Feb 2012 19:07:00 -0500

The broker reckons a preliminary economic assessment of the Songwe rare earth project in the third quarter of this year could see the firm being valued on a par with some of its larger peers.

Dow up on hopes for resolution of Greek drama, Walt Disney in focus

Tue, 07 Feb 2012 14:55:00 -0500

US equity markets reversed earlier losses Tuesday afternoon as Greece reportedly neared accord on budget cuts and US job openings rose.

TSX pushes back on Greece hopes, Nevsun Resources plunges

Tue, 07 Feb 2012 13:44:00 -0500

Toronto's main market trimmed earlier losses Tuesday amid hopes that Greece talks were progressing towards a deal to secure additional funds.

UBS Q4 earnings plunge 76% on trading losses

Tue, 07 Feb 2012 13:16:00 -0500

Swiss bank UBS AG (NYSE:UBS) saw its profits plunge 76 percent in the fourth quarter, in a further sign that last year's $2 billion trading scandal has hit its business at a time of global economic weakness.

Rodinia Lithium starts drilling first production well at Diablillos

Tue, 07 Feb 2012 09:56:00 -0500

"Initiating our first production sized well only 17 months after the discovery hole at Diablillos was announced, in our opinion, demonstrates the company’s strategy to fast track the development of the project,” said Rodinia president and CEO, William Randall.

Coca-Cola Q4 profit beats Street, despite massive drop

Tue, 07 Feb 2012 09:35:00 -0500

The Coca-Cola Company (NYSE:KO) saw its fourth quarter profits beat Street estimates on Tuesday, as it ramps up its cost-savings initiatives.

Medallion Resources' fast track rare-earth production strategy

Tue, 07 Feb 2012 09:31:00 -0500

Don Lay, President & Director of Medallion Resources, talks about the quickest & best ways to get to near-term rare-earth production, a discarded by-product from mining beach sands that is rich in rare earths -- including heavy rare-earths, negotiating monazite off-take agreements and a centralised processing facility (Jan 2012).

BP posts 38% jump in Q4 earnings, ups dividend

Tue, 07 Feb 2012 08:04:00 -0500

Oil giant BP (NYSE:BP)(LON:BP) Tuesday posted increased fourth-quarter earnings and raised its dividend.

Dow seen opening lower on Greek pessimism, BP, Yum Brands in focus

Tue, 07 Feb 2012 07:31:00 -0500

US equity markets looked set to open lower Tuesday as investors wait for Greek leaders to agree on the terms of a new bailout package, a key step to avoiding a default.

Dow lower as Greece struggles to reach debt accord, Loews, Verizon in focus

Mon, 06 Feb 2012 14:53:00 -0500

US equity markets were lower Monday afternoon as Greece struggled for an agreement on spending cuts needed to ensure another round of rescue funds.

TSX edges down on Greece fears, Yukon-Nevada Gold rallies

Mon, 06 Feb 2012 13:58:00 -0500

Toronto's main market edged lower Monday afternoon, as Greece worries dragged down commodities amid a lack of any economic news of note in North America.

Sunridge Gold's new estimate for Emba Derho deposit "exceeds expectations"

Mon, 06 Feb 2012 11:11:00 -0500

Sunridge Gold (CVE:SGC)(OTCQX:SGCNF) Monday received a new independent resource estimate, showing a significant increase in size for the Emba Derho volcanogenic massive sulphide (VMS) deposit at its Asmara project in Eritrea.

Rubicon Minerals announces $200.9 mln bought deal financing

Mon, 06 Feb 2012 09:17:00 -0500

Rubicon Minerals (TSE:RMX) (AMEX:RBY) said Monday that it has agreed to a $200.9 million bought deal financing, with funds to be used for the development of its Phoenix gold project in Red Lake, Ontario.

EMED Mining shares advance as Chinese back Rio Tinto copper mine restart

Mon, 06 Feb 2012 08:15:00 -0500

A new Chinese offtake partner has bought a 10 per cent stake in the company and will provide up to US$30 million to help fund the mine restart project.

Dow points down as Greek debt talks continue, Hasbro in focus

Mon, 06 Feb 2012 07:34:00 -0500

US equity markets looked set to set for a weak open Monday, as investors anxiously await Greek government leaders to reach an agreement on more budget cuts that are key to securing a second bailout and avoiding default in Greece.

Dow higher after non-farm payroll data, Tyson Foods in focus

Fri, 03 Feb 2012 14:48:00 -0500

The 243,000 increase in payrolls was the most since April and exceeded all forecasts in a Bloomberg survey by a wide margin.

Toronto gets a slight kick from US jobs data, despite slower growth at home

Fri, 03 Feb 2012 13:48:00 -0500

Toronto's main market rose Friday afternoon on positive US jobs data, despite the fact that Canada's economy saw far worse than expected job figures.

Macusani Yellowcake in $10.1 mln friendly uranium merger with Southern Andes

Fri, 03 Feb 2012 11:18:00 -0500

Macusani Yellowcake (CVE:YEL) said Friday it was buying Southern Andes Energy (CVE:SUR) for about $10.1 million worth of stock, in a friendly bid intended to consolidate the junior uranium explorers' properties.

Panasonic heads for over $10 billion FY loss

Fri, 03 Feb 2012 09:48:00 -0500

Japan's Panasonic Corp. (NYSE:PC) Friday warned of a record annual $10.2 billion net loss for its fiscal 2011 year, due to restructuring charges and writedowns for its Sanyo Electric unit.

US futures rally as employment jumps, jobless rate drops to 8.3%

Fri, 03 Feb 2012 08:54:00 -0500

The US created 243,000 jobs in January, according to the latest figures from the US Labor Bureau, with the unemployment rate easing down to 8.3 percent from 8.5 percent.

Dow points up ahead of non-farm payrolls, AON, Wynn in focus

Fri, 03 Feb 2012 08:02:00 -0500

US equity markets looked set to open higher Friday as a new report on the US employment situation will provide more clues about the strength of the economic recovery.

Dow slightly lower after Bernanke speech, Abercrombie, Green Mountain in focus

Thu, 02 Feb 2012 14:47:00 -0500

US equity markets were mixed Thursday afternoon as investors digested comments from Federal Reserve chairman Ben Bernanke and focused their attentions on Greece's debt talks.

Bayfield Ventures extends main zone 700 metres east at Burns Block, more drilling ahead

Thu, 02 Feb 2012 14:23:00 -0500

Bayfield’s CEO, Jim Pettit, told Proactiveinvestors that the Burns Block is basically a rectangular block in the middle of Rainy River's property, and since 2010, Bayfield has completed about 70,000 metres of diamond drilling from the western border heading east, and is budgeted for another 30,000 metres of drilling in 2012.

TSX hovers around flat as Bernanke speaks, Open Text, Gold-Ore Resources in focus

Thu, 02 Feb 2012 14:00:00 -0500

Toronto's main market traded in a narrow range of breakeven Thursday afternoon, as Fed chairman Ben Bernanke pointed towards a "frustratingly slow" recovery in the US, raising expectations that the central bank is willing to take additional steps should conditions worsen.

CME Group ups dividend, sets up $100 mln commodity fund

Thu, 02 Feb 2012 11:52:00 -0500

Futures exchange operator CME Group (NASDAQ:CME) announced Thursday disappointing fourth-quarter earnings that were overshadowed with a dividend hike and a new annual payout.

January retail sales see Costco, Limited Brands, Target as victors, among others

Thu, 02 Feb 2012 09:55:00 -0500

In what is typically the smallest sales month of the year, many retailers, including Costco (NASDAQ:COST), Limited Brands (NYSE:LTD), and Target Corp (NYSE:TGT) well beat Street expectations for same store sales despite being one of the warmest Januarys in 50 years.

Facebook to update status to "public" with $5 bln IPO

Thu, 02 Feb 2012 07:55:00 -0500

Social networking site Facebook late Wednesday filed regulatory documents as it looked to raise $5 billion from an initial public offering.

Dow seen opening flat ahead of jobless data, Facebook, Costco in focus

Thu, 02 Feb 2012 07:45:00 -0500

US equity markets looked set to open flat Thursday as investors awaited the latest unemployment data while continuing to watch developments on Greece's debt talks.

Dow higher on economic data, Facebook, Allstate in focus

Wed, 01 Feb 2012 14:42:00 -0500

US equity markets were higher Wednesday afternoon thanks to a raft of improved economic data that pleased investors.

TSX gains on positive manufacturing data, Yellow Media in focus

Wed, 01 Feb 2012 14:05:00 -0500

Toronto's main market was higher Wednesday as encouraging manufacturing data from around the world lifted the resource-heavy index.

Chrysler leads US auto sales growth in January, GM sales drop

Wed, 01 Feb 2012 12:43:00 -0500

Chrysler led US auto sales growth in January with an impressive 44 percent jump that far outpaced a modest seven percent gain at rival Ford (NYSE:F) and a six percent drop for GM (NYSE:GM), according to industry data released Wednesday.

Strathmore Minerals inks definitive strategic deal with KEPCO for Gas Hills

Wed, 01 Feb 2012 11:22:00 -0500

Strathmore Minerals (TSE:STM)(OTCQX:STHJF) shares rallied more than 10 percent Wednesday, after it said it inked a definitive deal for an US$8 million private placement financing with Korea Electric Power Corp (KEPCO) late yesterday, with the potential for up to a US$40 million joint venture.

Dow up as ADP says private sector jobs rise 170,000 in January

Wed, 01 Feb 2012 10:02:00 -0500

US equities started Wednesday strong, with private sector employment increasing by 170,000 in January, marking two years of job gains on the books, according to ADP. The Dow was lately up 0.77%, with the Nasdaq and S&P 500 rising around 0.5% and 0.7%, respectively.

EU vetoes NYSE Euronext merger with Deutsche Boerse

Wed, 01 Feb 2012 08:02:00 -0500

European Union officials Wednesday rejected the proposed $9 billion merger between NYSE Euronext (NYSE:NYX) and Deutsche Boerse, prompting both exchanges to call off the deal.

DECC confirms its support of Xcite Energy’s Bentley oilfield development

Wed, 01 Feb 2012 07:52:00 -0500

Xcite expects the DECC to approve phase 1 of the development in the near future. It will then be able to start work in sufficient time to achieve first oil in the first half of the year.

Amazon books Q4 earnings decline as it continues spending spree

Wed, 01 Feb 2012 07:47:00 -0500

Amazon.com (NASDAQ:AMZN) late Tuesday reported a 58 percent drop in quarterly profit, as the online retail giant pushes ahead with heavy spending and a dramatic expansion at the expense of margins.

Dow seen opening higher on strong manufacturing data, Amazon, Facebook in focus

Wed, 01 Feb 2012 07:31:00 -0500

US equity markets looked set to open higher Wednesday as investors welcomed stronger manufacturing data from around the world.

Dow lower on US data, RadioShack, Amazon in focus

Tue, 31 Jan 2012 14:59:00 -0500

US equity markets were trading in a narrow range Tuesday afternoon after worse-than-expected US housing and manufacturing data tempered modest enthusiasm over Europe's progress on a new fiscal pact.

Horizonte Minerals firmly focused as Araguaia development gathers pace

Tue, 31 Jan 2012 14:14:00 -0500

Horizonte Minerals’ (LON:HZM) (TSE:HZM) recent resource upgrade at its Araguaia nickel prospect marked a major milestone for the project.

Scotiabank's Commodity Price Index retreats in December

Tue, 31 Jan 2012 12:54:00 -0500

Scotiabank's (TSE:BNS) Commodity Price Index declined 1.3 percent month over month in December, ending 2011 down 0.1 percent from a year ago.

TSX sheds on poor Canadian, US data, BlackPearl in focus

Tue, 31 Jan 2012 12:51:00 -0500

Toronto's main market declined Tuesday as real gross domestic product fell 0.1% in November - well below expectations and the first contraction since May.

Inovio moves closer to "universal" flu vacccine with new data, it says

Tue, 31 Jan 2012 11:35:00 -0500

Inovio Pharmaceuticals (AMEX:INO) said Tuesday that is moving closer to a "universal flu vaccine" as animal studies showed protective antibody immune responses against multiple H3N2 and Type B strains.

Eli Lilly Q4 earnings beat estimates despite drop

Tue, 31 Jan 2012 11:15:00 -0500

Drug maker Eli Lilly (NYSE:LLY) Tuesday reported fourth-quarter profits that beat estimates as higher sales of its depression and diabetes medicines helped to counter a drop in revenue from its schizophrenia drug Zyprexa.

UPS Q4 net profit falls 29%, but adjusted earnings beat Street views

Tue, 31 Jan 2012 09:29:00 -0500

UPS (NYSE:UPS) said Tuesday that fourth quarter net earnings dropped on an expected pension accounting change, but earnings per share actually grew almost 21 percent on an adjusted basis as revenue increased six percent during the period due to strong online shopping trends.

Viagra maker Pfizer's Q4 profits droop but beat estimates

Tue, 31 Jan 2012 07:54:00 -0500

Viagra maker Pfizer (NYSE:PFE) Tuesday posted a fourth-quarter profit of $1.44 billion, or 19 cents per share, down from $2.89 billion, or 36 cents per share, a year earlier.

Dow seen opening higher on eurozone debt deal, Pfizer, McKesson in focus

Tue, 31 Jan 2012 07:39:00 -0500

US equity markets looked set to open higher Tuesday after European Union agreed to strengthen a financial firewall and sign a fiscal pact.

Dow lower on Portugal yields spiking, Wendy's, Pep Boys in focus

Mon, 30 Jan 2012 14:46:00 -0500

US equity markets were lower Monday afternoon after the weekend came and went without Greek leaders reaching an agreement on a debt-relief deal and as Portugal's borrowing costs spiked.

TSX drops on weak commodities, lack of Greece deal

Mon, 30 Jan 2012 14:26:00 -0500

Toronto's main market started the week in the red, as commodities dropped after weekend discussions failed to result in a debt restructuring deal for Greece.

Tournigan says Kuriskova could be among world's lowest-cost uranium producers

Mon, 30 Jan 2012 11:13:00 -0500

Tournigan Energy (CVE:TVC) Monday unveiled the "robust economics" of its flagship Kuriskova high-grade uranium deposit in Slovakia in a new preliminary feasibility study (PFS).

Gold Resource Corp unveils Q4, full year preliminary production, sets 2012 outlook

Mon, 30 Jan 2012 10:12:00 -0500

Gold Resource Corp (AMEX:GORO) unveiled Monday preliminary fourth quarter and record full year production numbers, paving the way for a robust outlook in 2012.

Thomas & Betts agrees to ABB's $3.9 bln bid, Q4 earnings up 42%

Mon, 30 Jan 2012 08:14:00 -0500

Electrical components maker Thomas & Betts (NYSE:TNB) said Monday that Switzerland's ABB (NYSE:ABB) made an agreed bid to buy the company for $3.9 billion in cash, or $72 per share.