Shares of Terex Corp. (NYSE: TEX) slumped about 9.75% by afternoon trade after the heavy equipment maker slashed its full-year earnings forecast even as it provided weak outlook for the fiscal second quarter amid falling sales trends.
Continue reading Major Movers on June 17; TEX, RXN, ANR, DWRE, DWA, NFLX
Shares of Time Warner Inc. (NYSE: TWX), media and entertainment company operating in three segments; Networks, Filmed Entertainment and Publishing, are up sharply in early trading today. At last check, TWX shares were trading 3.48% higher at $44.61 on volume of 1.82 million. The stock hit an intra-day high of $45.14.
Virginia-based Coal producer, Alpha Natural Resources Inc. (NYSE: ANR) has officially announced today that it is closing down 8 mines effective immediately which will slash down the production by 16 million tons and cut 1200 jobs companywide.
Continue reading Alpha Natural Resources Inc. (ANR) to Close 8 Mines Nationwide; Eliminate 1200 Jobs
Shares of Alpha Natural Resources Inc. (NYSE: ANR), a supplier and exporter of metallurgical coal for use in the steel-making process and a supplier of thermal coal to electric utilities and manufacturing industries across the country, rose sharply in trading today.
Continue reading Big Gainers; Alpha Natural Resources Inc. (ANR), Genomic Health Inc. (GHDX)