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How the Glencore CEO Lost $500 Million in One Day

By , Contributing Writer, Money Morning -

stocks

Glencore CEO Ivan Glasenberg lost $500 million Monday after the mining company's shares plummeted 29.42% after Investec's warning that weak commodity prices could lead to the firm's equity value being "eliminated."

And unfortunately for the Glencore CEO, the problems are still mounting.

Here's what investors need to know now...

Monday's Stock Market News: UPS Inc. (NYSE: UPS), US Steel Corp (NYSE: X), Glencore

By , Associate Editor, Money Morning -

Monday's stock market news from United Parcel Service Inc. (NYSE: UPS), U.S. Steel Corp. (NYSE: X), and Glencore International Plchelped drive gains in U.S. markets. The Dow moved up a slim 0.05% to close at 13,239.13; the S&P 500 climbed 0.4% to close at 1,409.75; and the Nasdaq rose 0.75% to 3,078.32.

United Parcel Service Inc. (NYSE: UPS) biggest deal in company history: UPS announced Monday a $6.77 billion deal to buy Netherlands-based delivery service TNT Express NV to bolster global sales growth.

TNT is Europe's second-biggest express mail company. Its acquisition will double the UPS presence in Europe and give it about the same market share as the region's industry leader DHL. The deal also will boost UPS's international sales to 36% of its total from 26% currently - a significant leap towards the company's goal of 50%.



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