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Stock Market & Financial Investment News

News Breaks
January 3, 2013
18:44 EDTCLF, AAUKYCliffs Natural, Anglo American to sell stakes in Brazilian joint venture
According to an SEC filing, on December 27, the board of directors of Cliffs Natural Resources (CLF) authorized the sale of the company’s 30% interest in the Amapá joint venture located in Brazil. Anglo American (AAUKY) currently owns the remaining 70% of Amapá. Both the company and Anglo American will be selling their respective interests in a 100% sale transaction to a single entity. Based on the results of the broad auction process and the terms of the pending sale, management of the company made a determination on December 27, that the value of its Amapá Interest recorded in the financial records of the company needs to be adjusted to reflect the fair value of our investment. Accordingly, the Company will record a pretax impairment charge of approximately $380M to $420M, all of which is non-cash, in the company’s financial statements as of December 31, 2012. The company does not expect that the sale of the Amapá Interest will result in material future cash expenditures.
News For CLF;AAUKY From The Last 14 Days
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September 2, 2014
11:43 EDTAAUKY, CLFAnglo American open to takeover proposals, CEO says, WSJ reports
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10:46 EDTAAUKY, CLFAnglo American CEO sees iron-ore prices under pressure, WSJ says
The CEO of miner Anglo American (AAUKY) Mark Cutifani said he is worried about the outlook for iron-ore, says the Wall Street Journal. In spite of concerns about an iron-ore glut, the company intends to press on with the Minas-Rio iron-ore project in Brazil , added the Wall Street Journal. Publicly traded companies in the space include Vale (VALE),Cliffs Natural Resources (CLF), Rio Tinto (RIO), and BHP Billiton (BHP). Reference Link
August 28, 2014
16:00 EDTCLFOptions Update; August 28, 2014
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09:57 EDTCLFCliffs Natural falls, levels to watch
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August 25, 2014
18:07 EDTCLFCliffs Natural CEO supports sale of non-core assets 'at right price,' WSJ says
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11:31 EDTCLFCliffs Natural announces $200M share repurchase plan
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August 22, 2014
10:34 EDTCLFStocks with call strike movement; UAL CLF
United Continental (UAL) September 55 call option implied volatility decreased 6% to 39, Cliffs Natural (CLF) September 18 call option implied volatility increased 3% to 41 according to IVolatility.

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