NEW YORK (TheStreet) -- Nordstrom (JWN) stock is rallying 6.22% to $79.58 in after-hours trading on Thursday after the department store chain posted strong second quarter 2015 earnings results that topped analysts' estimates. The company's revenue fell slightly short of estimates.
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Magnetite is a mineral, one of the three common naturally occurring iron oxides (chemical formula Fe3O4) and a member of the spinel group. Magnetite is the most magnetic of all the naturally occurring minerals on Earth.Naturally magnetized pieces of magnetite, called lodestone, will attract small pieces of iron, and this was how ancient people first noticed the property of magnetism.mall grains of magnetite occur in almost all igneous and metamorphic rocks. Magnetite is black or brownish-black with a metallic luster, has a Mohs hardness of 5â6 and a black streak. The chemical IUPAC name is iron(II,III) oxide and the common chemical name is ferrous-ferric oxide.