BHP Billiton News
News on BHP Billiton (Ticker: BHP) continually updated from thousands of sources around the net.
5 hrs ago | The Age
Local shares are poised to edge higher at the open, bolstered by Wall Street which advanced on a slew of positive economic data and corporate news.
10 hrs ago | Seeking Alpha
Earlier this month BHP Billiton announced that it would be splitting up into two companies.
12 hrs ago | The Motley Fool
That positions it to prosper alongside the global recovery, and it's taking the steps needed to ensure that it gets a bigger piece of that demand going forward.
16 hrs ago | Sys-Con Media
Pursuant to the Scheme, the Company acquired all of the issued and outstanding ordinary shares of TriAusMin , and issued as consideration to all eligible shareholders of TriAusMin, one ordinary share of Heron for every 2.33 TriAusMin Shares held.
This week, BHP Billiton announced that it plans to spin off some US$16 billion in businesses in order to focus on iron , copper , coal , petroleum and possibly potash .
BP PLC , ConocoPhillips , Chevron Corp. , BHP Billiton Ltd. and Venari Resources LLC were the most active bidders in the lease sale that drew high bids for 81 tracts covering 433,823 acres on the U.S. Outer Continental Shelf offshore of Texas.
BHP Billiton's move to spin off a raft of assets it deems non-core - businesses that employ ~25% of the company's current workforce but deliver less than 10% of its profits - creates a new midsize metals player that could become a prime takeover target for rivals.
The center of attention was BHP Billiton Ltd. its shares down just more than 4% after its earnings missed expectations and an anticipated stock buyback failed to materialize.
Aus shares continue week's gains. BHP Billiton Limited unveils an annual profit jump and plans to create a new $15B spin off entity.
Asian stocks fell after valuations reached the highest level this year and as BHP Billiton Ltd. slumped, dragging materials shares to the largest decline on the regional gauge.
The dollar climbed against its Asian emerging-market peers and held gains against the euro before the release of minutes from the Federal Reserve 's last meeting.
Energy and mining giant BHP Billiton Ltd. will spin off its aluminum, manganese, nickel, silver and some of its coal operations into a new company, called only "NewCo" for now.
BHP Billiton Limited traded down 3.73% on Tuesday, hitting $70.045. The stock had a trading volume of 4,789,449 shares.
A number of other firms have also recently commented on BHP. Analysts at Cowen and Company raised their price target on shares of BHP Billiton Limited from $72.00 to $74.00 in a research note on Wednesday, July 30th.
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That's going to pay dividends over the long haul, but in the near term, economic growth and commodity prices are going to be a much bigger determinant of financial performance.
Economy President Barack Obama says that the U.S. will continue "limited" airstrikes against Islamic State militants, which have helped Iraqi and Kurdish forces retake the Mosul dam and halted the advance of IS on the city of Erbil.
Updated: Thu Aug 21, 2014 03:23 pm
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