July 13 (Bloomberg) -- KeeneOnTheMarket.com's Andrew Keene discusses why he likes Apple stock, and where he thinks it's headed with earnings on the horizon. He joins Alix Steel and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Ivan Glasenberg, the billionaire chief executive officer of Glencore International Plc, may be nearing a long-sought takeover of Xstrata Plc as all sides signal a willingness to reach a deal that would be this year’s biggest merger, according to people familiar with the situation.
BHP Billiton Ltd. , Vale SA and Rio Tinto Group , the world’s three largest mining companies, are set for record profit totaling $52 billion as they accelerate earnings growth at the expense of their biggest customers.
Glencore International Plc, seeking to buy Xstrata Plc for 24 billion pounds ($38.2 billion), is likely to raise its agreed all-share offer in April by as much as 18 percent, according to HSBC Holdings Plc.
Glencore International Plc and Xstrata Plc, seeking to complete a merger next quarter, are considering changing proposed retention payments for Xstrata executives that have drawn the ire of investors, according to people with knowledge of the situation.
The world’s eight largest potash miners, whose market control already exceeds that of oil cartel OPEC, are poised to tighten their grip on prices of the crop fertilizer as proposed mergers consolidate sales channels.