FMG 0.50% $16.20 fortescue ltd

maybe the reason why it's up, page-3

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    From Bloomberg:

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aWePDLfuwGpY&refer=home



    Fortescue, Australia's third-largest iron ore exporter, jumped 40 percent to A$1.80. The company said yesterday it would have a ``trading profit'' of A$360 million ($219 million), prompting Goldman Sachs JBWere Pty to raise its profit forecast by 22 percent.

 
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