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Stock Market & Financial Investment News

News Breaks
July 10, 2014
09:25 EDTX, X, TX, TX, STLD, STLD, SID, SID, SCHN, SCHN, RS, RS, NUE, NUE, MTL, MTL, GGB, GGB, CMC, CMC, CLF, CLF, ATI, ATI, AKS, AKSBofA/Merrill steel analysts hold an analyst/industry conference call
Global Steel Analysts review market conditions in Asia, Europe and the U.S. and discuss recent price moves in iron ore, met coal and global steel on an Analyst/Industry conference call. Covered companies AKS, ATI, CLF, CMC, GGB, MTL, NUE, RS, SCHN, SID, STLD, TX and X may be discussed on the Analyst/Industry conference call to be held on July 14 at 10 am.
News For AKS;ATI;CLF;CMC;GGB;MTL;NUE;RS;SCHN;SID;STLD;TX;X From The Last 14 Days
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April 21, 2015
07:18 EDTATIAllegheny Technologies says focusing on improving operating efficiency of HRPF
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07:17 EDTATIAllegheny Technologies comments on cost reduction program
The company says, "Cost reduction remains a strategic focus and we have targeted a minimum of $100M in new gross cost reductions for 2015. Our operations achieved $25M in gross cost reductions during the first quarter 2015. These cost reductions will benefit ATI operations over the rest of 2015."
07:16 EDTATIAllegheny Technologies reports Q1 EPS 9c, consensus 10c
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April 20, 2015
18:04 EDTSTLDSteel Dynamics sees Q2 being 'transitional'
Mark Millett, CEO of Steel Dynamics stated, "As the expected reduction in steel import volume and sustained lower scrap costs occur, we anticipate improved results in Q2, and throughout the remainder of the year. We believe Q2 will be transitional, and the timing of recovery may be later in the quarter than originally anticipated, as imports have not declined as quickly as originally anticipated, but we are seeing positive signs. While we continue to strengthen our financial position through strong cash flow generation, and execute our long-term strategy, we are well-positioned to grow. Customer focus, coupled with our market diversification and low-cost operating platforms, support our ability to maintain our best-in-class performance. We believe we are poised to capitalize on meaningful growth opportunities, both near-term and in the future, that will benefit our customers, shareholders, employees and communities."
18:02 EDTSTLDSteel Dynamics reports Q1 adjusted EPS 17c, consensus 15c
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15:37 EDTATINotable companies reporting before tomorrow's open
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15:37 EDTSTLDNotable companies reporting after market close
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09:18 EDTCLFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Morgan Stanley (MS), up 2.1%... Cliffs Natural (CLF), up 1.3%... Check Point Software (CHKP), up 1.1%. ALSO HIGHER: Genetic Technologies (GENE), up 28.2% after additional health centers to offer BREVAGenplus... Hanwha Q Cells (HQCL), up 16.2% following solar module supply agreement with NextEra Energy (NEE)... Provectus (PVCT), up 6.7% after receiving notice of allowance for PV-10 combined with other drugs. DOWN AFTER EARNINGS: Royal Caribbean (RCL), down 6.1%... FARO (FARO), down 16.4%. ALSO LOWER: Yandex (YNDX), down after Barron's recommends that investors take some profits... Carnival (CCL), down 2% after Royal Caribbean reported quarterly results.
April 16, 2015
09:31 EDTGGBGerdau downgraded to Neutral from Buy at BofA/Merrill
09:01 EDTTXTernium says Usiminas share buying triggered mandatory tender offer
Ternium made a public statement with respect to the decision by the staff of the Brazilian securities regulator, the CVM, that determined that Ternium's acquisition of 51.4M ordinary shares of Usinas Siderúrgicas de Minas Gerais, or USIMINAS, completed on October 30, 2014, triggered a requirement under applicable Brazilian laws and regulations for Usiminas' controlling shareholders to launch a tender offer to all non-controlling holders of Usiminas ordinary shares. The CVM staff's determination was made further to a request by Nippon Steel & Sumitomo Corporation and its affiliates, who alleged that Ternium's 2014 acquisition had exceeded a threshold that triggers the tender offer requirement. In the CVM staff's view, the 2014 acquisition exceeded the applicable threshold by 5.2M shares. Ternium said it will assess its options with respect to such determination, including taking the matter to the CVM's Board of Commissioners. An appeal before the CVM's Board of Commissioners would stay the effects of the staff's decision until such Board rules on the matter. Alternatively, under applicable CVM rules Ternium may also elect to sell to third parties the 5.2M shares allegedly acquired in excess of the threshold, in which case no tender offer would be required.
April 15, 2015
15:25 EDTXU.S. Steel makes management changes at European and North American operations
U.S. Steel announced two management changes at its European and North American operating facilities. Scott Buckiso has been named vice president – European Solutions and president – U. S. Steel Kosice, succeeding George Babcoke, who has elected to retire following 39 years of service with the company. Amy Smith-Yoder will succeed Buckiso as general manager – Mon Valley Works. The changes are effective May 31. In his new role, Buckiso will assume executive responsibility for the company's operations in the Slovak Republic.
12:52 EDTCLFStocks with call strike movement; WUBA CLF
58.com (WUBA) July 70 call option implied volatility decreased 4% to 56, Cliffs Natural (CLF) October 6 call option implied volatility decreased 2% to 68 according to IVolatility.
11:33 EDTAKSAK Steel announces the retirement of Chief Legal and Administrative Officer
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10:46 EDTSTLD, X, TX, SCHN, CLF, RS, ATI, CMC, NUE, GGB, AKSBofA/Merrill metals/mining/steel analysts hold analyst/industry conference call
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10:36 EDTXBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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09:17 EDTXU.S. Steel makes management changes at European and North American operations
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April 14, 2015
14:44 EDTCMCCommercial Metals management to meet with Jefferies
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10:01 EDTRSOn The Fly: Analyst Downgrade Summary
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07:52 EDTRSReliance Steel downgraded at KeyBanc
As previously reported, KeyBanc downgraded Reliance Steel to Sector Weight from Overweight. The firm downgraded shares to reflected continued weakness in domestic steel prices. KeyBanc still expects a pricing inflection in Q2 but from a lower base and a more subdued rebound.
07:32 EDTRSReliance Steel downgraded to Sector Weight from Overweight at KeyBanc
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