The Striking Price Daily: Swap Pricey Stocks for Cheap Calls ---- By Steven M. Sears
The price of call options has fallen to record lows, which has created extraordinary opportunities for nimble bulls to take advantage of potential gains with limited risk.
Shell Warns On Australian Cost Pressures
A senior Royal Dutch Shell PLC (RDSB) executive said Wednesday the cost of building energy projects in Australia is becoming "very worrisome" as the European oil giant prepares to decide whether it will spend billions more dollars in the resource-rich nation.
Fortescue Says FY12 Net Profit Up 53%, Debt Pile Grows Sharply
Fortescue Metals Group Ltd. (FMG.AU) Thursday reported a 53% rise in full-year net profit, but saw its debt pile swell to US$8.5 billion as it presses on with plans to triple iron ore output in Australia's Pilbara region despite slumping commodity prices.
ThyssenKrupp To Sell Tailored Blanks Unit To Wuhan Iron -Report
German industrial concern ThyssenKrupp AG (TKA.XE) is expected to sell its unit Tailored Blanks to Chinese rival Wuhan Iron and Steel Co. Ltd. (600005.SH), German daily Financial Times Deutschland reported Thursday, citing unnamed people informed about the deal.
Microsoft Wins Software Contract in Google's Home County
Microsoft Corp. (MSFT) has won a software contract with a county in the heart of Silicon Valley home to Google Inc. (GOOG), further stirring the ongoing rivalry between leading technology companies.
Australian Resources Boom Is Over - Mines Minister
Australia's mining boom is over as weakening global economic conditions curtail spending, Resources Minister Martin Ferguson said Thursday.
The FED Provides a BOOST for Gold and Silver
On Wednesday, gold (NYSEARCA:GLD) futures for December delivery decreased $2.40 to settle at $1,640.50 per ounce, while silver (NYSEARCA:SLV) futures edged 13 cents higher to close at $29.56.
Qantas Cancels 787 Orders Worth $8.5 Billion; Books Fiscal Year Loss
Qantas Airways Ltd. (QAN.AU), reporting its first annual loss in nearly two decades, Thursday cancelled orders for 35 of Boeing Co.'s (BA) more fuel-efficient 787-9 aircraft in a bid to save US$8.5 billion.
Australian Stocks Advance As Miners Rise
Australian stocks rose in early trading on Thursday, with the S&P/ASX 200 index up 0.4% at 4,393.80.
Ex-Merrill Brokers Reach Settlement Over Deferred Pay
Merrill Lynch has reached a legal settlement in a putative class-action suit over deferred pay with potentially thousands of disaffected brokers who left the firm in the wake of its acquisition by Bank of America (BAC).