Caterpillar Forecasts Smaller Profit on Mining Slowdown
Caterpillar says its first-quarter net income shrank and it predicted smaller 2013 sales and profits because its mining business is slowing down.
mining
Why These 11 State Economies Are America's Fastest Growing
In 2011, the U.S. economy grew by 1.5% -- slow, but enough to show the country is moving in the right direction. Driving that growth were a handful of sectors, and these 11 states.
The World's Richest Woman: How Gina Rinehart Earns her Billions
Most of the richest women in the world have one thing in common: It was their husbands or fathers who actually earned the wealth. But while Australian mining magnate Gina Rinehart inherited $75 million from her dad, it was by her own efforts that she multiplied that sum -- 386 times.
Six Stocks to Buy for Real Revenue Growth in 2011
The path to profits for most of Corporate America lately has been cutting costs rather than raising revenue. But a careful look reveals a few companies that are poised to deliver real revenue growth. We've found six with a plus: Their stocks look like bargains.
The Top 10 Growth Industries for 2011
After the long downturn, the coming year will be an opportunity for many industries to rejuvenate themselves. Independent researcher IBISWorld sorted through data on 711 U.S.-based industries to come up with these predictions of the 10 best.
U.S. Manufacturing Output Rises 0.5%, the Most Since July
The nation%u2019s manufacturing recovery accelerated in October as factory output jumped 0.5%, the Federal Reserve said. Overall industrial output was flat in the month, but the typical autumn plunge in utilities output skewed the top-line stat lower.
Caterpillar to Buy Bucyrus in $8.6 Billion Deal
With the acquisition, Caterpillar will get a bigger foothold in the mining equipment industry and capitalize on the "robust long-term outlook for commodities."
Potash Sinks After Canada Rejects BHP Billiton Bid
Shares of Potash Corp. were down Thursday after Canada blocked BHP Billiton's bid to buy the company, and it appears unlikely that the government, focused on protecting national assets, will change its mind.
U.S. Industrial Production Slipped 0.2% in September
It's the first decline since June 2009. Still, despite the dip, the nation's industrial sector remains in an uptrend, and a weaker dollar may further boost international sales of key U.S. companies in the months ahead.
The Most Profitable Industries for the Next Three Years
IBISWorld Research has uncovered five industries that managed to stay extremely profitable during 2010 -- and these industries are their picks to be the most profitable for the next three years. Investors could boost their portfolios by focusing on them.
Will Peruvian Politics Shake Mining and Energy Investments?
Political upsets in Peruvian regional elections could indicate a national shift to the left -- and some business leaders worry that could discourage foreign investment in the country, which has rich natural resources such as oil, gas and gold.
Industrial Production Rises for 14th Month
Factories continue to show signs of sustainable economic growth, as industrial production rose 0.2% in August.
Kinross Gold to Buy Red Back Mining for $7.1 Billion
Kinross Gold will buy the 91% of shares in Red Back Mining that it doesn't already own. The price represents a value of C$30.50 ($29.77) per Red Back share.
Mining Shares in Asia Gain on Possible Review of Aussie Mining Tax
In Asia Thursday mining shares gained as Australia's new prime minister said she plans to review the harsh tax on mining profits proposed by her predecessor. Hong Kong's Hang Seng lost 0.6% and China's Shanghai Composite Index crept 0.1% lower. In Japan the Nikkei 225 Index was virtually unchanged.
Face-Off: Tim Hortons, Rio Tinto and McAfee
A volatile market means investor opportunity, but opinions vary on what's trash and what's treasure. Here, Nikhil Hutheesing and Dan Burrows give their "thumbs-up, thumbs-down" views on three hot stocks: Tim Hortons, Rio Tinto and McAfee. (With video)
A Reality Check on Afghanistan's Mining Potential
The international mining community has long known about the country's vast mineral resources. But most mining companies remain wary of starting big, long-term projects there. Among the problems: No peace, no stability and a fondness for bribery.
What It Will Take to Tap Afghanistan's Potential Mineral Riches
Newly located deposits in Afghanistan could be a source of wealth for an impoverished nation crippled by decades of war. But getting those minerals out of the ground will require years of development and billions of dollars in investment.
China to Benefit from Afghan Mineral Riches
As the conflict in Afghanistan drags on, the U.S. has announced that the troubled Asian nation is sitting on upwards of $1 trillion in untapped mineral deposits. However, the resources are likely to end up getting mined not by American but by Russian and Chinese firms.
In Coal Mining, Economics Still Trumps Safety
The disaster in West Virginia serves as a reminder that America's dependence on coal for energy isn't going away. While U.S. mining injuries and fatalities have dropped since 2001, safety lapses in the industry mean it remains very dangerous.
