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Stock Market & Financial Investment News

News Breaks
January 29, 2013
11:56 EDTAA, AKSAK Steel says innovations in steel engineering reducing weight
On the Q4 conference call the CEO said aluminum will continue to play a role in automotive design and construction but steel will continue to play the leading role because of passenger safety, engineering and design, as well as advances in weighting and value.
News For AKS;AA From The Last 14 Days
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July 28, 2015
11:38 EDTAKSAK Steel says trade cases are already showing benefits
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11:35 EDTAKSAK Steel sees level of unfairly traded products declining
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11:34 EDTAKSAK Steel sees less cash requirements for 2015 than prior year
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10:33 EDTAKSAK Steel, other producers file trade cases related to cold-rolled steel
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08:32 EDTAKSAK Steel expects 'improved results' for Q3 and 2H15
The company commented, "Chief among these reasons are anticipated higher shipments, improving carbon steel spot market prices, increased production levels resulting in lower per ton operating costs, and the continuing benefit of lower raw materials costs, in particular, iron ore. The company expects shipments to customers in its largest market, automotive, to remain strong. In addition, the company expects the level of what the company believes are unfairly traded imports of carbon steel products will continue to decline in the second-half of the year, principally because of the pending and anticipated future steel industry trade cases, resulting in increased domestic steel shipments and a continuing improving trend in selling prices."
08:32 EDTAKSAK Steel reports Q2 shipments 1.81M tons vs. $1.40M tons last year
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08:31 EDTAKSAK Steel reports Q2 EPS (36c), consensus (37c)
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July 26, 2015
15:35 EDTAAAlcoa looks 'far more promising' under CEO Kleinfeld, Barron's says
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July 23, 2015
09:06 EDTAAAlcoa announces realignment of downstream portfolio
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09:02 EDTAAAlcoa completes acquisition of RTI International
Alcoa (AA) announced that it has completed the acquisition of RTI International Metals (RTI). The merger, announced on March 9, became effective today. Under the terms of the merger agreement, each share of RTI common stock has been converted into the right to receive 2.8315 shares of Alcoa common stock, plus an amount of cash in lieu of fractional shares of Alcoa common stock. Alcoa expects RTI to contribute $1.2 billion in revenue in 2019, up from $794 million that RTI generated in 2014, with 65 percent of revenues supported by contracts over the next five years. RTI’s profitability is expected to reach 25 percent EBITDA margin in 2019. Contracts that underpin RTI’s growth include the recently announced contract with Airbus for finished titanium structural supply parts for the new A350-1000 aircraft program. Under the agreement, Alcoa will supply titanium parts for the fuselage, among other components. Alcoa expects global aerospace sales growth of 8 to 9 percent in 2015. Projections for 2016 and 2017 sales growth have nearly doubled to 8 and 13 percent, from 4 to 5 percent and 6 percent, respectively, showing the ongoing strength of the sector. Eighty percent of RTI’s revenues in 2014 were from the aerospace and defense industries. With RTI, Alcoa’s 2014 pro forma aerospace revenue increases by 13 percent to $5.6 billion. RTI is being integrated as a standalone business unit into Alcoa’s downstream Engineered Products and Solutions segment.
July 20, 2015
13:20 EDTAKSOptions with increasing put volume: CPN AKS HST BEN TTM
July 16, 2015
17:33 EDTAKSSteel Dynamics announces ITC preliminary decision on imports
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15:43 EDTAKSAK Steel applauds ITC preliminary ruling in corrosion-resistant steel proceeding
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July 15, 2015
12:02 EDTAKSAllegheny Technologies dives after slashing Q2 outlook, peers follow
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July 14, 2015
17:52 EDTAAS&P announces changes to the S&P 500, 400, 600, and 100 indices
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