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AstraZeneca Plc said it had a key lung cancer drug approved in China, opening up a new market for the therapy and allowing U.K.’s second-biggest drugmaker to reach thousands of new patients in country ...
The end of a historic strike at Chile's Escondida copper mine, the world's biggest, has left its owner, BHP Billiton, nursing an estimated $1 billion loss and probably in a weaker position for negotiations in a year or so, company and industry insiders said. On Thursday, the 2,500-member union at the mine decided to end the strike after 43 days by invoking a legal provision that allows it to extend the old contract by 18 months. Workers will begin the gradual job of getting Escondida up and running again from Saturday, in a tense atmosphere and with little resolved for either the union or BHP.
- BLT.LReuters - UK Focus•yesterday
ESCONDIDA MINE, Chile (Stuttgart: 704599.SG - news) , March 24 (Reuters) - With (Other OTC: WWTH - news) no bonus, and no salary rise, it was not the ending the 2,500 workers at Chile's Escondida, the world's largest copper mine, wanted. "It's been tiring, the showers were cold and obviously we missed home comforts, but here we were all the same, standing firm," supply operator Luis Varas said, as he took down his tent and shook out the dust. The strike at Escondida, which produced over 1 million tonnes of copper, or 5 percent of the world's supply, last year, began on Feb. 9, after mine operator BHP Billiton (NYSE: BBL - news) and the union failed to agree on new contract terms.