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Glencore Xstrata's head of aluminum, Gary Fegel, is set to leave the company, three sources said, the first high-profile departure since commodity trading giant Glencore closed its purchase of miner Xstrata this month.Fegel's departure from one of the most powerful jobs in the global aluminum market will come as a surprise to many since he was reconfirmed in the post just weeks ago, and aluminum is one of the few areas of Glencore's mining portfolio that has no overlap with Xstrata.The specific timing and reason for his exit - after 12 years at Glencore - are unclear, and discussions over possible succession continue, the sources said.His leaving comes as Chief Executive Ivan Glasenberg undertakes a three-month review of the division, a source familiar with the company's operations said.A successor is expected to be named this summer, around the time Glasenberg completes his 100-day review, the source added."He's there until the merger has bedded down," said another source who spoke to...
By Clara Ferreira-Marques and Moira HerbstLONDON/NEW YORK (Reuters) - Commodities trader Glencore is being pursued for as much as $900 million in damages through law...
Kentucky state lawmakers are set to decide whether to let U.S. aluminum producer Century Aluminum Co buy power on the open market in its bid to save its money-losing...
U.S. stocks ended mostly lower Monday, snapping the S&P 500 index's eight-session winning streak, following mixed reports on the U.S. economy.The market's recent adv...
U.S. stocks traded close to their five-year highs Monday after a trade group said pending home sales dropped last month, equipment maker Caterpillar Inc. posted prof...
U.S. stocks traded close to their five-year highs Monday after a trade group said pending home sales dropped last month, equipment maker Caterpillar Inc. posted prof...
Shares of AK Steel and Century Aluminum Co. both fell in midday action Monday after Goldman Sachs downgraded both stocks from neutral to sell. Goldman cut the rating...
Alcoa Inc said it will cut its global smelting capacity by 12 percent due to a steep drop in aluminum prices, and the company is taking a restructuring charge in the...
Royce & Associates Portfolio Manager Bill Hench on how to adjust your portfolio to potentially gain from the volatility in the markets.
