Lakeway, TX -- (SBWIRE) -- 02/06/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Barclays PLC (ADR) (NYSE:BCS) is provisioning another £1B in Q4 to settle claims it mis-sold financial products. The bank is setting aside £600M to cover payment protection insurance following more applications from consumers for compensation, bringing total provisions to £2.6B. Barclays is adding a further £400M to cover interest-rate hedging products for a total allocation of £850M.
How Should Investors Trade BCS After The Recent Movement? Find Out Here
Rio Tinto plc (ADR) (NYSE:RIO) has reached a deal with Aboriginal landowners in the Pilbara region of Western Australia over the company's plans to expand its iron-ore operations in the area. The agreement includes employment commitments and adds to five that were reach with other landowners in 2011, while another two are still being negotiated. Rio intends to raise capacity at its Pilbara mines to 360M tons by mid-2015 from 290M tons at the end of 2013.
Is RIO A Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
Arch Coal Inc (NYSE:ACI) Q4 results: Sales price declined $0.67/ton Q/Q, in part due to lower prices on export sales. Cash costs increased $0.66/ton, reflecting anticipated higher maintenance expense. Expects sales of 133M-144M tons for full-year 2013, with cash costs per ton similar to 2012 levels. Expects stronger performance in H2 than H1. Shares of ACI slumped 13%.
Is ACI a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
Kellogg Company (NYSE:K) Q4: No big surprises from the food company as sales came in close to projections. Profits grew in the Europe and Latin America segments while Asia Pacific saw a drop. In the U.S., double-digit internal net sales growth was paced by the U.S. Specialty Channels business. Guidance for 2013 growth is reaffirmed.
How Should Investors Trade K After The Latest Earnings Report? Find Out Here
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