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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: commodity prices

commodity prices stories: 14 news summaries

Russian Tycoon Makes Bid for NJ Nets

NBA team could be
first to go under
foreign ownership

Sep 22, 09 5:55 PM CDT
(Newser) - A Russian tycoon has made a bid for a controlling stake in the New Jersey Nets, in what could become the first instance of foreign ownership of an NBA club, Reuters reports. Mikhail Prokhorov, Russia’s richest man, said on his blog that his Onexmi group had offered to loan... More »

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Russia • NBA • basketball • New Jersey Nets • tycoon • commodity prices

Euro Farmers Protest Falling Prices With Huge Milk Dump

800,000 gallons in Belgian field after recession takes big toll

Sep 16, 09 6:41 PM CDT
(Newser) - European farmers today dumped 800,000 gallons of milk in a Belgian field, AFP reports, in a protest against a dramatic dive in prices. The group behind the scene says three French farmers committed suicide in the past week over prices, which have fallen by as much as half as... More »

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Belgium • milk • Europe • waste • recession • European Commission • farmers • commodity prices • financial crisis • milk prices

Trading Rules Help Wall Street Pick Fed's Pocket

Transparency concerns let banks pick Bernanke's pocket

Aug 3, 09 4:27 AM CDT
(Newser) - Banks across Wall Street have made hefty profits trading with the Federal Reserve—often their only customer as the financial crisis ground trading to a halt—and government officials and finance execs are now asking whether Ben Bernanke is making tough enough deals. The central bank, unlike individual or corporate... More »

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Ben Bernanke • Wall Street • Federal Reserve • Barney Frank • BlackRock • commodity prices • financial crisis

 Feds Consider Limits on 
 Oil, Energy Speculation 

Commodity Commission to hold hearings on 'purely financial' energy futures trading

Jul 7, 09 2:54 PM CDT
(Newser) - Federal regulators may impose new limits on the amount of energy-futures contracts that speculators can buy, the New York Times reports, an attempt to curb severe price fluctuations in commodities like oil and natural gas. Oil prices swung from $145 per barrel last summer to $33 in December, movement some... More »

MORE ABOUT:
investors • natural gas • Commodity Futures Trading Commission • commodities • commodities exchange • speculation • oil futures • oil prices • commodity prices • Gary Gensler

 Chile's Thrift Pays Off as Downturn Bites Elsewhere

Finance minister hailed for dodging commodity bubble

May 27, 09 8:59 AM CDT
(Newser) - Chile's thrifty finance minister is starting to look like a prophet as spendthrift, "grasshopper" economies founder around him, the Wall Street Journal reports. Andres Velasco's tight grip on the country's copper revenue during the commodities boom made him and his party deeply unpopular at the time, but the country... More »

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Latin America • Chile • copper • commodity prices • economic crisis • emerging economies

Binge Now: Chocolate
Prices May Spike

Soaring cocoa prices slim down candy makers' profit margins

Feb 13, 09 10:52 AM CST
(Newser) - Soaring cocoa prices have left chocolate makers wondering how far they can hike prices without souring business, the Wall Street Journal reports. Crop woes in Africa have kept cocoa pricey despite the global commodities slump. Chocolate companies are mostly holding prices steady for now but many are expected to fatten... More »

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Hershey • chocolate • candy • Valentine's Day • cocoa • commodity prices • recession depression


 Short on Salt, 
 Towns Turn 
 to Molasses 

As salt costs double, alternative deicers hit the pavement

Jan 2, 09 8:45 AM CST
(Newser) - With the weather outside frightful and rock-salt prices spiking, communities across the country are experimenting with new concoctions for melting snow and ice on roadways, the Wall Street Journal reports, adding molasses, ash, and garlic salt to deicers. The price of salt generally surges after the New Year as communities... More »

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salt • ice storm • snow • Snowstorm • winter weather • commodity prices • icy roads

(Newser) - As the price of gold continues its steady climb—at $271 before 9/11, it's now above $835—National Geographic provides a sobering look at the human and environmental costs of finding it and digging it up. With the world's biggest deposits long gone and new discoveries rare, "it's an... More »

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China • India • Peru • gold • gold mine • commodity prices

MARKETS

 Dow Up 299 on Stimulus, Autos 

Industries likely to benefit from Obama building plan see gains

Dec 8, 08 3:17 PM CST
(Newser) - Stocks rallied today, led by automakers, which look ever likelier to get a federal bailout, and industrial firms expected to benefit from President-elect Barack Obama’s proposed public-works programs, MarketWatch reports. The Dow gained 298.76 to close at 8,934.18. The Nasdaq rose 62.43, closing at 1,... More »

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Chrysler • Dow Jones • General Motors • Ford • Nasdaq • economic stimulus package • S&P 500 • oil prices • commodity prices • financial crisis • public works

Slowdown Puts Mining Outfits
in Deep Hole

China's drop in demand further drives down commodities

Nov 17, 08 8:43 AM CST
(Newser) - Mining companies are shutting down production, laying off workers, and trying to sell excess product as the global economic slowdown drills into the industry’s profits, reports the Wall Street Journal. Metal prices dropped a record 35% last month, and nearly every mineral has been hit. Mining, once an economic... More »

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mining • Chinese economy • US Steel • auto industry • commodity prices • financial crisis

Deflation Danger Looms as World Economy Slows

Falling prices
could trigger long
downward spiral

Nov 1, 08 5:11 AM CDT
(Newser) - Fears of runaway inflation have been replaced by fears of its opposite as the world's economy starts seizing up, the New York Times reports. Economists see a potentially devastating deflation ahead as cash-strapped consumers create a glut of underpriced, unpurchased goods and services—in turn triggering mass layoffs at struggling... More »

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world economy • deflation • consumer prices • Japanese economy • Great Depression • commodity prices • financial crisis

 Is a Bull Market on the Horizon? 

Lower rates and commodity prices and stocks that looks cheap could trigger a run

Oct 9, 08 2:29 PM CDT
(Newser) - Apocalyptic attitudes abound, but weed through the financial doom and gloom and you'll find a few economists who think we've bottomed out, and that a bull market is up next, writes Michael Hiltzik in the Los Angeles Times. The Dow has dropped 34.6% in the last year, but recent... More »

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stock market • bear market • bull market • Wharton School of Business • commodity prices • financial crisis

Construction Theft Is Building Concern

$5B in annual losses drive home prices up
by as much as 10%

Aug 28, 08 9:33 AM CDT
(Newser) - Increasing theft of building materials from construction sites, especially residential projects, is driving up the cost of homes to consumers as much as 10%, the New York Times reports. Experts say as much as $5 billion a year is being lost to thieves looking to profit from skyrocketing prices for... More »

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crime • law enforcement • theft • construction • home builders • copper • metal prices • commodity prices • National Association of Home Builders

(Newser) - Michael Phelps’ eight Olympic golds may be priceless, but they're not worth that much to a commodities trader, MarketWatch notes. This year's gold medals are made mostly of silver and coated with less than a quarter-ounce of gold, putting their value around $215. But people are, of course, willing to... More »

MORE ABOUT:
Michael Phelps • 2008 Beijing Olympics • gold prices • metal prices • gold medal • silver • commodity prices

14 Stories


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