Lowe’s 1Q Profit Up, But Earnings Forecast Downgraded

Home improvement retailer Lowe's Companies Inc. (NYSE: LOW) reported a 14.4 percent increase in profit in the first quarter but downgraded its estimated earnings for the year on concerns over momentum in the U.S. housing market on Monday.

ArcelorMittal Chief Financial Officer Aditya Mittal.

Steelmaker Nucor Buys Skyline For $605 Million

U.S. steelmaker Nucor Corp. (NYSE: NUE) said Friday it will buy Skyline Steel LLC and its subsidiaries from Luxembourg's mining and steel company ArcelorMittal (NYSE: MT) for $605 million.

AngloGold Ashanti facility in Ghana

AngloGold More Than Doubles Profit on High Gold Prices, Sees Metal Going Higher

AngloGold Ashanti Limited (NYSE: AU), the largest gold miner in Africa, said Thursday its profit more than doubled in the first quarter, when compared to year ago results, despite decreased output.

US Stock Market

Euro Zone Uncertainties Sink In: Daily Markets Wrap

Post-election uncertainty in Greece pushed investors away from stocks and commodities, lowering German and U.S. bond yields and eroding the euro's value as investors sought the dollar.

Where's the Beef?

Australian Beef Industry Forecasts 30 Million Head Herd in 2012

The future is still bright for Australia beef industry. According to a report released on Monday at the Beef Australia 2012 summit, the country's cattle herd is expected to reach 30 million heads this year.

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