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Senate Banking Committee Hears Complaints About Big Banks From MillerCoors
Thursday, July 25, 2013 - 9:03am | 583Read More...Instead of “David versus Goliath,” the Senate Banking Committee had to sort out a “Goliath versus Goliath” scenario Tuesday, according to Reuters. Big aluminum buyers, represented by the second largest brewer in the U.S., charged that the largest banks in the country drove up their costs by...
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Alcoa Misses Wall St 1Q Revenue Target, Drops in After-Hours Trade (AA)
Monday, April 11, 2011 - 5:47pm | 200Read More...Aluminum-maker Alcoa Inc (NYSE: AA) reported first-quarter revenues that missed Wall Street estimates Monday, and shares are sinking in after-hours trade. Revenue for the quarter came in at $5.96 billion, but it was below the Wall Street target of $6.08 billion. The stock is down 3.4% in after-...
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Commodities And Monopolies
Wednesday, December 22, 2010 - 10:44am | 282Read More...Corporations are prohibited by law from holding a monopoly on a particular industry. But the same cannot be said for investors, who are able to hold huge amounts of the world's commodities. The Wall Street Journal has published a story focusing on the copper market, in which a single trader...
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This Week's Biggest Losers This Year's Biggest Winners?
Friday, January 15, 2010 - 6:08pm | 164Read More...The results are in, and it's no surprise that aluminum stocks were the week's biggest losers. The S&P 1500 Aluminum Index fell 8.4% for the week, led by ALCOA's (NYSE: AA) post-earnings debacle. Does this mean that ALCOA Inc. - or the entire aluminum industry for that matter - is now...
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Large Cap Machinery Jumps, But Small Cap Machinery Offers the Real Value
Tuesday, January 12, 2010 - 1:42am | 255Read More...Caterpillar Inc. (CAT) and Deere & Co. (DE) were the ringleaders of the rally from the construction and farming machinery rally on Monday... the day's biggest gainers with a market-weighted bullish move of 3.5%. The pop was a pre-emptive buy in front of what was supposed to be good news from...
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Aluminum on the Verge of Going Parabolic
Monday, January 11, 2010 - 4:33pm | 184Read More...What do ALCOA Inc. (AA), the Aluminum Corp. of China (ACH), and Century Aluminum Co. (CENX) have in common? They’re all part of a group that’s close to going parabolic…. a technical term that’s the intelligent way of saying they’re about to launch like a rocket. If they do (and that’s a big if,...
