Jim Sims News
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Molycorp Inc., owner of the largest rare-earths deposit outside China, said it needs more time to file its annual 10-K report so the company can determine the size of a “substantial” goodwill writedown.
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Molycorp Inc. Chief Executive Officer Mark Smith left the rare-earths producer amid an investigation of its disclosures and a lawsuit related to engineering deficiencies at its mine.
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Molycorp Inc.’s plunge below the value of its net assets is turning the owner of a rare-earth supply that’s unmatched in the Western hemisphere into a takeover target.
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U.K. prosecutors are poised to arrest former traders and rate setters at UBS AG, Royal Bank of Scotland Group Plc and Barclays Plc within a month for questioning over their role in the Libor scandal, a person with knowledge of the probe said.
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Investors’ bets against Molycorp Inc. stock are at their highest since the rare-earth producer’s July 2010 initial public offering on speculation prices for the minerals will keep falling.
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Bank of America Corp. and a group of investors that reached an $8.5 billion mortgage-bond settlement with the bank won their bid to remove the case from a federal judge and return it to state court.
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Afghanistan will start accepting investor offers next week to explore for at least 600 million barrels of crude oil in the western half of the Afghan-Tajik Basin, the country’s mining minister said.
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Molycorp Inc., owner of the largest rare-earths deposit outside of China, soared the most since the shares began trading more than two years ago after executives and a director bought stock in the company.
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Molycorp Inc., the owner of the largest rare-earth deposit outside of China, said it’s being investigated by the U.S. Securities and Exchange Commission over the accuracy of the company’s public disclosures.
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Molycorp Inc.’s gambit to supply Chinese-made magnets to carmakers in Japan is making it one of the mining industry’s most attractive takeover candidates.
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