Glencore

Outgoing Bank of England Governor Mervyn King sent the pound lower against major pairs Wednesday following the publication of the Bank of England's Quarterly Inflation Report. The report and the ensuing press conference reiterated the Bank's stance to maintain loose policy, even as inflation...

Retail Sears (NASDAQ: SHLD) reported a wider-than-expected quarterly loss as sales at Sears stores plunged both at its home turf and in Canada. Like rivals Wal-Mart (NYSE: WMT), Home Depot (NYSE: HD) and Lowes (NYSE: LOW), Sears has seen demand for appliances fall after a government stimulus for...

Global commodities trader Glencore International is preparing plans to raise as much as $11 billion through an initial public offering, a source familiar with the matter told Bloomberg. It's expected that Glencore will announce a price range for the IPO on May 4, when executives are scheduled to...

Glencore's upcoming IPO has been much bandied about, as the Swiss company is seen as the "Goldman Sachs of commodities trading," and after the company goes public, it could be hungry for acquisitions. CNBC is reporting that with the upcoming IPO, Glencore will finally have the ammunition to get...

Rather than focus on the turmoil in Egypt or rehash a number of economic statistics that imply the economic recovery remains a steady but slow one characterized by modest job growth near term, let's instead look at another facet of the market. No, I'm not talking about mergers and acquisitions,...